Reporter Ma Ling reported that in order to implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council, further facilitate the use of RMB in cross-border trade and investment, and better meet the market needs of foreign economic and trade enterprises such as transaction settlement, investment and financing, and risk management, the Ministry of Commerce and the People's Bank of China have recently jointly issued the "Notice on" (hereinafter referred to as the "Notice").

The Notice emphasizes that local commercial authorities and branches of the People's Bank of China should deeply study and implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, fully understand the positive role of cross-border RMB business in serving the real economy and promoting trade and investment facilitation, timely identify and connect with the needs of industry enterprises, take targeted measures based on local conditions, and create a good environment for cross-border use of RMB.

The Notice requires the convenience of using RMB for pricing and settlement of various cross-border trade and investment, and promotes banks to provide more convenient and efficient settlement services; Encourage banks to carry out overseas RMB loans, actively innovate product services, and better meet the cross-border RMB investment and financing needs of enterprises; By implementing policies by enterprises, we aim to enhance the sense of acquisition among high-quality enterprises, first-time households, small and micro enterprises, and support core supply chain enterprises to play a driving role; Relying on various open platforms such as the Pilot Free Trade Zone, Hainan Free Trade Port, and Overseas Economic and Trade Cooperation Zone to promote the cross-border use of the RMB; Provide business support such as transaction matching, financial planning, and risk management based on enterprise needs, strengthen insurance protection, and improve cross-border RMB comprehensive financial services; Give full play to the guiding role of relevant funds and funds; Carry out diversified publicity and training, promote the integration of banks and enterprises, and expand the scope of policy benefits.

Editor in charge: Yuan Hao