RMB settlement of Cross-border trade 5 months to 340 billion yuan

Cao Jinling yesterday, the central bank disclosed that the Cross-border trade renminbi settlement business has grown steadily and rapidly since the expansion of the Yuan settlement experiment in June this year.　　From June to November, the total number of banks in the pilot areas for Cross-border trade renminbi settlement business 340 billion yuan, is more than 7 times times before the pilot expansion of the settlement volume.　　In June this year, the central bank expanded the pilot area for cross-border trade in renminbi from 4 cities in Shanghai and Guangdong Province to 20 provinces (autonomous regions and municipalities), while extending the territory from Hong Kong, Macao and ASEAN to all countries and regions. The expansion of the pilot project has brought about the growth of the Cross-border trade renminbi settlement business. Zhangguanping, deputy director of Shanghai Banking Regulatory Bureau, recently said publicly that last July, the pilot Yuan settlement of Cross-border Trade began to the end of the "volume is really small, only billions of yuan", but the first half of this year about 70.6 billion yuan, the most gratifying figure is the third quarter of this year to achieve 126.48 billion yuan, of which　　The proportion of imports and trade settlements was 0.44%, 4.61% and 2.35%, respectively. "The quarter may also be a little faster, the annual settlement of the renminbi in 2010 is expected to account for the total amount of foreign trade settlement in 2%."　　Zhangguanping said. For the Cross-border trade renminbi settlement pilot Enterprises large expansion, Bank of communications chief economist Lianping is expected: "Next year cross-border trade renminbi settlement scale of 1 trillion basic no problem, the future expansion will be very fast, 3-5 years total will be expected to break through 5 trillion yuan, the total amount of foreign trade settlement in more than 10%." ”