Core Insights - The event in Xiamen marks the 15th anniversary of cross-border RMB policies in Fujian Province, promoting the use of RMB in cross-border trade and investment through policy advocacy and collaboration [1] Group 1: Cross-Border RMB Business Development - Since the pilot launch in 2010, Fujian Province has seen a robust development of cross-border RMB business, with a total business volume exceeding 7 trillion yuan, averaging a growth rate of 27.4% annually [1] - Over 19,000 enterprises have engaged in cross-border RMB business, with Xiamen leading in RMB payment amounts related to current accounts and direct investments [1] - From January to July 2025, Xiamen's cross-border RMB payment amount reached 260.4 billion yuan, reflecting a year-on-year growth of 5.2% [1] Group 2: Policy and Infrastructure Initiatives - The People's Bank of China (PBOC) Xiamen Branch has introduced a "two libraries and one center" scheme to enhance cross-border RMB services for the real economy, including a database of enterprises and a cross-border RMB expert consultation service [2] - A digital trade platform for cross-border RMB services was established in collaboration with local governments and banks, successfully processing its first cross-border RMB transaction on December 5, 2024 [2] - A reward policy for cross-border RMB transactions was implemented, leading to an increase of 21.3 billion yuan in cross-border RMB settlements in 2024 [2] Group 3: Business Process Optimization - The PBOC Xiamen Branch has optimized cross-border RMB business processes, allowing enterprises to benefit from a "pre-approval exemption" policy, facilitating seamless transactions [3] - By July 2025, the number of quality enterprises in Xiamen's cross-border trade and investment expanded to 1,065, with a total of 94.6 billion yuan in facilitated transactions [3] Group 4: Tailored Financial Services - The PBOC Xiamen Branch has tailored cross-border RMB services to meet the specific needs of enterprises, offering a range of financial products including cross-border financing and RMB funding pools [5] - By July 2025, local banks had issued 17.2 billion yuan in RMB loans to overseas entities, enhancing the overall cost efficiency of enterprises [5] - The branch has also focused on providing unique cross-border RMB services for Taiwanese enterprises, expanding service points from 28 to 140 by early 2024 [5]