Cross Border Use News Today

With the sound development of China's economy, the international status of RMB has become increasingly prominent. The process of RMB internationalisation has been accelerated. At the same time, because the Federal Reserve’s aggressive interest rate hikes, banking crises and economic recession risks continue to amplify the risk of US dollar credit overdrafts. Many countries have to accelerate measures to deal with the impact of US financial risk spillovers on other countries. More and more...

According to news from the website of the Ministry of Commerce on the 11th, the Ministry of Commerce and the People's Bank of China jointly issued the "Notice on Further Supporting Foreign Economic and Trade Enterprises to Expand the Cross-border Use of Renminbi to Promote Trade and Investment Facilitation". The notice emphasizes that local commercial authorities and branches of the People's Bank of China must thoroughly study and implement the spirit of the 20th CPC National Con...

China unveils measures to expand cross-border RMB use-

Throughout the year, we have been keeping you up to date on noteworthy developments across the region with our Regional Round-up Publications. As we…

Date 03/06/2021 Good morning. Thank you very much to the City of London Corporation and China Central Depository & Clearing Co., Ltd. (CCDC) for organizing this important event and inviting me to deliver welcoming remarks. It’s a privilege to address the London RMB Business Monitoring Group, and to speak alongside Madam Jin Mei from the People’s Bank of China (PBOC) and Mr Xu Liangdui from CCDC. I’m delighted to be able to share some reflections at this very exciting juncture in the ...