The central bank issued a document to support new foreign trade formats cross -border RMB settlement

Xinhua News Agency, Beijing, June 20 (Reporter Wu Yu) The reporter learned from the People's Bank of China on the 20th that the People's Bank of China has recently issued relevant notices to further give play to the role of cross -border RMB settlement business to serve the real economy and promote the facilitation of trade and investment, support banks to support banks And the payment institution can better serve the development of new formats of foreign trade.

The reporter learned that the "Notice on Supporting the Settlement of Cross -border Renminbi Settlement of New Foreign Trade Foreign Trade Foreign Trade formats" issued by the People's Bank of China has strengthened its support for new foreign trade formats and improved cross -border e -commerce new foreign trade formats such as cross -border RMB business related policies. The scope of the cross -border business handling of payment institutions will be expanded from cargo trade, service trade to regular items, clarify the exhibition and filing requirements of relevant business entities such as banks, payment institutions, etc., and also clarify business authenticity review, 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.

According to relevant people from the People's Bank of China, it is notified to be implemented from July 21, 2022. The People's Bank of China will steadily promote the implementation of relevant policies, provide good supporting financial services for new foreign trade market entities, support and guide the healthy and continuous innovation and development of new models of foreign trade new formats, and help stabilize the macroeconomic market.

[Editor in charge: Xue Tao]

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