Xinjiang first pilot Cross-border investment in renminbi settlement

Source: Internet
Author: User
Keywords Cross-border RMB
According to media reports, Xinjiang, China's cross-border trade and investment in renminbi settlement pilot has been launched, Xinjiang has become China's first open Cross-border investment in renminbi settlement area. Hu Xiaolian, deputy governor of the People's Bank of China, said the pilot area had been expanded to 20 provinces (districts and cities) since the pilot work on the renminbi settlement of Cross-border Trade in 2009, and that it would be opened in Xinjiang in the future. But in addition to cross-border trade, can directly carry out cross-border investment in renminbi settlement, Xinjiang is the first pilot, which is conducive to close China and the western and Asian countries around the trade, to help enterprises evade currency risk. (Ren Xiao eds.)
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