Central Bank: The scope of the cross -border business processing of the payment institution is widened to the frequent items

China Economic Net, Beijing, June 20th. According to the official WeChat news of the People's Bank of China, recently, the People's Bank of China issued the "Notice on Supporting Cross -border RMB Settlement of Cross -border RMB" (hereinafter referred to as the "Notice"), which supports banks and payment institutions The development of new formats for foreign trade.

The main contents of the "Notice" include: First, increase support for new foreign trade formats, and improve the relevant policies of cross -border RMB business such as cross -border e -commerce such as cross -border e -commerce. The second is to broaden the scope of cross -border business handling of payment institutions from cargo trade and service trade to regular items. The third is to clarify the exhibition and filing requirements of related business entities such as banks, payment institutions. The fourth is to clarify the requirements of business authenticity, anti -money laundering, anti -terrorist financing, anti -tax evasion, and data reporting, compact banks and payment institutions' exhibition responsibilities, and prevent and control business risks.

The "Notice" will be implemented on July 21, 2022. The People's Bank of China will steadily promote the implementation of the "Notice", provide good supporting financial services for new foreign trade market entities, effectively give play to the positive role of cross -border RMB business to serve the real economy, promote the high -quality development of new foreign trade formats, support and guide foreign trade The healthy and continuous innovation and development of the new format and the new model will help stabilize the macroeconomic market.

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