Shanghai headquarters of the people's Bank of China: promoting cross-border RMB settlement in key areas such as "Belt and Road Initiative" and ASEAN and key enterprises such as central enterprises and municipal state-owned enterprises

[people's Bank of China Shanghai headquarters: promoting cross-border RMB settlement in key regions such as "Belt and Road Initiative" and ASEAN and key enterprises such as central and municipal state-owned enterprises]. Liu Xingya, deputy director of the Shanghai headquarters of the people's Bank of China, said at a news conference today that financial institutions should be better guided to provide suitable cross-border financial services for enterprises. Promote the innovation of RMB cross-border investment and financing business to better meet the cross-border investment and financing needs of enterprises. We will promote RMB settlement in key areas of commodities such as iron ore, oil and gas, and promote cross-border RMB settlement in key areas such as Belt and Road Initiative and ASEAN, as well as key enterprises such as central enterprises and municipal state-owned enterprises, so as to better serve the national key strategy. (Xu Chuan, reporter of the Financial Associated Press)