On April 25th, the General Office of the State Council issued opinions on promoting foreign trade and optimising the foreign trade structure and cross-border settlement services. China encourages financial institutions to innovate and improve foreign exchange derivatives and cross-border RMB business, further expand the scale of RMB settlement for cross-border trade, and better meet the needs of foreign trade companies for exchange rate hedging and cross-border RMB settlement. China supports all local regulators to strengthen policy publicity, optimise public services, promote precise matchmaking between banks and enterprises, and fully benefit enterprises.
China to Further Expand RMB Settlement for Cross-Border Trade, State Council Says
On April 25th, the General Office of the State Council issued opinions on promoting foreign trade and optimising the foreign trade structure and cross-border settlement services.
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