Yi Gang: Further widening the scope of use of cross-strait clearing mechanism

China Network March 11 news conference of the National People's Congress four times this morning, the theme is "monetary policy and Financial Issues" press conference, PBOC governor Zhou Xiaochuan, deputy governor of the People's Bank of China, Hu Xiaolian, deputy governor of the People's Bank of Liu,　　Deputy governor of the People's Bank of China and foreign Exchange Administration director Yi Gang attended the media interview. A reporter asked, through continuous cross-strait efforts, the two sides finally signed a financial and trade ECFA agreement, in recent years, whether the two sides have the possibility to implement the start of the currency clearing mechanism? Will Fujian Hercynian Economic Zone try first in this respect?　　According to your point of view, what are the priorities for the development of financial operations across the Taiwan Strait this year? ' We are actively exploring the two-strait clearing mechanism, which has already been arranged in cash, and the companies and financial institutions that are involved are more open, ' Yi said. The arrangements for liquidation of this aspect have just begun and will be further expanded in the future.　　I think there will be more and more financial exchanges between the two sides. As you all know, some banks in Taiwan, some financial institutions and brokerages in Taiwan are very enthusiastic about doing business in China, and mainland banks have also started to set up offices in Taiwan and are actively exploring the possibility of doing business. With the development of cross-strait trade, especially the increase of trade scale, cross-strait investment is becoming more and more integrated, mutual investment will be more and more. With the development of trade and investment, financial development and financial support are unavoidable and must be followed.　　In other words, financial institutions should follow these businesses, follow these traders, and provide them with financial services, and this will certainly be a big development. In addition, the financial infrastructure necessary to provide such financial services will be methodically pushed forward. The liquidation arrangements that you have just mentioned are a very important infrastructure for the financial services channel, and we attach great importance to it, and we have been intensifying our communication with Taiwan, and there will be substantial progress in the liquidation of cash and other liquidation arrangements.