The General Office of the State Council recently issued a guideline on stabilizing scale and optimizing structure of foreign trade, which calls for improving cross-border settlement services. It will encourage financial institutions to innovate and improve foreign exchange derivatives and cross-border RMB business, further expand the scale of cross-border RMB trade settlement, and better meet the needs of foreign trade enterprises for exchange rate hedging and cross-border RMB settlement.
Please visit for more information https://www.asianmetal.com/news/1931632/China-to-further-expand-scale-of-RMB-settlement-for-cross-border-trade/14
