People's Bank of China Shanghai Headquarters: Promoting Cross-border RMB Settlement in Key Regions, ASEAN and Key Enterprises

As for the cross-border use of RMB, Liu Xingya, deputy director of the People's Bank of China's Shanghai headquarters, said at a press conference today that it would better guide financial institutions to provide enterprises with appropriate cross-border financial services, promote innovation in RMB cross-border investment and financing business, and better meet the cross-border investment and financing needs of enterprises. It will also promote the settlement of commodities such as iron ore, oil and gas in RMB. The nation will promote cross-border RMB settlement in key regions such as "One Belt, One Road" and ASEAN and key enterprises such as central and municipal state-owned enterprises, so as to better serve key national strategies.