China to further expand scale of RMB settlement for cross-border trade

The General Office of the State Council recently issued a guideline on stabilizing scale and optimizing structure of foreign trade, which calls for improving cross-border settlement services.Asian Metal CopyrightThe General Office of the State Council recently issued a guideline on stabilizing scale and optimizing structure of foreign trade, which calls for improving cross-border settlement services.Asian Metal Copyright It will encourage financial institutions to innovate and improve foreign exchange derivatives and cross-border RMB business, further expand the scale of cross-border RMB trade settlement, and better meet the needs of foreign trade enterprises for exchange rate hedging and cross-border RMB settlement.
.Asian Metal CopyrightThe General Office of the State Council recently issued a guideline on stabilizing scale and optimizing structure of foreign trade, which calls for improving cross-border settlement servicesAsian Metal Copyright