Shenzhen continues to promote the internationalization of the RMB

In terms of promoting the internationalization of the renminbi, Shenzhen first tried it. According to the statistics of the People's Bank of China Shenzhen Central Branch (hereinafter referred to as the "Shenzhen People's Bank of China"), as of the end of August 2022, Shenzhen's cross -border RMB settlement volume reached 17.4 trillion yuan. The country is among the best in the country. A total of 67 commercial banks and 97,000 enterprises have participated in the cross -border RMB settlement business, and 189 overseas countries and regions with cross -border RMB collection and payment business with Shenzhen have reached 189.

Take the lead in starting the pilot of cross -border RMB loan business

As early as 2012, with the approval of the People's Bank of China, the People's Bank of China officially issued the "Interim Measures for the Management of Cross -border RMB Loans in Qianhai" to support Qianhai Enterprise to borrow RMB funds from the Hong Kong Bank. This is the first financial innovation policy implemented in Qianhai, Shenzhen. As of the end of the pilot, Qianhai's cross -border RMB loan business cumulative withdrawal of 37.1 billion yuan, involving 170 Qianhai loan companies, 36 loan banks in Hong Kong, and 28 Shenzhen settlement banks.

Since 2016, the People's Bank of China has taken the lead in exploring the cross -border RMB asset transfer business with domestic trade financing such as banks, bills, and factoring. Through the pilot, indirectly helping physical enterprises obtain overseas financing channels, effectively reduce financing costs through "two markets and two resources", and at the same time broaden the use channels of offshore RMB, and meet the demand for high -quality assets in overseas financial institutions. As of the end of August 2022, there were 17 pilot banks, with a cumulative business amount of 197.22 billion yuan and a balance of 2.86 billion yuan. The overseas transferee distributed in 16 countries and regions around the world.

At the same time, Shenzhen has also established the first RMB international investment and loan fund in the Guangdong -Hong Kong -Macao Greater Bay Area to serve Shenzhen companies to "go global". In 2019, the first RMB International Investment and Loan Fund (Bochen Fund) in the Guangdong -Hong Kong -Macao Greater Bay Area was established in Qianhai, Shenzhen; in February 2020, Bochen Fund was allowed to set up a sub -fund in Hong Kong, with a total investment of 10.5 billion yuan ; In February 2022, Bosho Fund led the head of the artificial intelligence industry to Yitu Technology, with a transaction amount of hundreds of millions of yuan. The establishment of the RMB International Investment and Loan Fund can give full play to the advantages of domestic and overseas linkage and investment and loan linkage, effectively support more Shenzhen companies to broaden financing channels, reduce exchange costs, increase international competitiveness in the process of "going out". Structure upgrades, stabilize the basic market for foreign trade, and promote international capacity cooperation.

Pilot multi -face flowering supports new format development

In recent years, cross -border e -commerce has become a new engine of foreign trade. In order to support the development of new foreign trade formats such as cross -border e -commerce and expand the use of RMB in foreign trade, in January 2018, Shenzhen People's Bank of China guided commercial banks within its jurisdiction to launch the "export cross -border e -commerce direct vehicle" business and use fintech means Provide a package of financial services such as cross -border RMB receiving, domestic scores, and revenue and expenditure declarations directly to export e -commerce companies. effect. As of the end of August 2022, a total of 214.64 billion yuan in receiving business had been handled, with a cumulative cost of 320 million yuan for export e -commerce companies, benefiting 60,000 small and medium -sized enterprises.

Not only that, Shenzhen also carried out a pilot to facilitate the facilitation of RMB settlement of RMB to support foreign trade and foreign capital. Through the pilot, the convenience of integrity enterprises to carry out cross-border RMB business has been greatly improved, and "pre-review" to "post-after-to-the-after check" is changed. The 40 -minute shortened to 10 minutes, effectively saving the labor and time costs of enterprises to prepare documents, accelerate the speed of capital turnover, and support foreign trade and foreign capital. As of the end of August 2022, a total of 23 banks in Shenzhen participated in the pilot, with a cumulative pilot amount of 325.59 billion yuan and benefiting 1306 physical enterprises.

In terms of personal cross -border investment, Shenzhen launched the "cross -border financial management" business pilot to open up a new channel for personal cross -border investment in residents of the Guangdong -Hong Kong -Macao Greater Bay Area. As of the end of August 2022, there were 15,300 residents of the Greater Bay Area participating in the pilot of Shenzhen Bank, with a total of 486 million yuan in cross -border funds. One -third of the total number of "cross -border wealth management" business.

Source: Shenzhen Special Economic Zone News

Reporter: Zou Yuan

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