06202013Headline:

Central Bank: China cross-border trade in RMB clearing business in full swing

the People’s Bank of China on the 12th news release, Recently, the People’s Bank of China, Ministry of Finance, the Ministry of Commerce, General Administration of Customs, State Administration of Taxation and China Banking Regulatory Commission and other six ministries in the provinces (autonomous regions and municipalities) and plans a separate Municipal People’s Government reported to the list of enterprises on the basis of joint audit issued a list of key regulatory enterprise of export goods trade, the RMB settlement. List issued, all import and export business of enterprises in the Chinese territory in accordance with the laws to carry out the export goods trade, the RMB settlement business.

It is reported that the audit identified a total of 9502 exports of goods trade, the RMB settlement focus of regulatory enterprises. In the future, banking financial institutions for various cross-border renminbi business, you should rely on the RMB cross-border receipt and payment information management system, query the list of key regulatory enterprise. Focus on supervision to carry out cross-border trade in RMB clearing business of RMB funds shall not be stored outside. The six ministries will be within the scope of their duties according to law the focus of regulatory enterprises carried out export goods trade, the RMB settlement business to strengthen the management. The six ministries will be submitted to the master of the situation and the six ministries in the people’s government of provinces (autonomous regions and municipalities) and cities with independent planning, in a timely manner on the list of enterprises in key regulatory adjustment.

in March 2012, six ministries jointly issued a “notice” on the export of goods trade in RMB clearing business management issues related to the liberalization of cross-border trade in RMB clearing pilot enterprises, clear all import and export business can be carried out export goods trade, the RMB settlement business and export trade, the RMB settlement enterprises to focus on monitoring list management.

People’s Bank of the latest statistics show that the Chinese cross-border trade in RMB clearing business has reached 216 billion yuan in May.

(This article Source: Xinhua: Wangpei Wei, Wang Yu) fcd82  20110709222151be928 Central Bank: China cross border trade in RMB clearing business in full swing

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