Assistant to the President of Lee Dong Rong 16, in Harbin, said the State Council recently approved, cross-border trade within the region of RMB settlement expanded to include the Heilongjiang, 20 provinces and will pilot the offshore area extended to all countries and regions. The relevant specific measures is expected to release in the near future.
Lee Dong-young is participating in the twenty-first China Harbin international economic and trade Conference "financial innovation and foreign trade development forum".
Lee Dong Jung said that the people carrying out cross border trade RMB clearing pilot and explore ways to provide new foreign currency valuation. Approved by the State Council, people's Bank of China, and other six ministries in July 2009 in Shanghai, Guangdong carried out cross-border trade RMB clearing pilot. Since the launching of the pilot, the Renminbi settlement, settlement channels and convenient, smooth, RMB export tax refund (free) and the import and export customs policy clear, operational processes to facilitate cross-border basis, information management system runs stable, the RMB RMB account financing, viewed, and other related business in an orderly manner.
According to preliminary statistics, as of the end of May this year, the cumulative processing of cross-border trade settlement business 445.52 billion RMB. Early in the full summary on the basis of the pilot experience, the people's Bank of China in conjunction with the relevant ministries have recently reported to the State Council to expand the pilot's instructions.
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