Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

S. China's Hainan achieves rapid growth in cross-border RMB settlement with ASEAN in first seven months

August 31, 2021


Abstract : The cross-border RMB settlement with ASEAN countries in China's southernmost Hainan Province reached 2.028 billion yuan in the first seven months of this year, with a year-on-year increase of 6.12 times, according to the Haikou branch of the People's Bank of China (PBOC).

微信图片_20210831161427.png

BEIJING, Aug. 31 (Xinhua) -- The cross-border RMB settlement with ASEAN countries in China's southernmost Hainan Province reached 2.028 billion yuan in the first seven months of this year, with a year-on-year increase of 6.12 times, according to the Haikou branch of the People's Bank of China (PBOC).

It's reported that the Haikou branch has taken multiple measures to promote the rapid development of cross-border RMB settlement, aiming to support the stabilization of foreign trade and investment and increase the enthusiasm of market entities in the province to use RMB for cross-border settlement.

Among the 2.028 billion yuan of cross-border RMB settlement between Hainan and the ten ASEAN countries, the current account was 1.643 billion yuan, with an increase of 6.02 times over the same period of last year, and the direct investment was 385 million yuan, a year-on-year increase of 6.63 times.

(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Hainan RMB settlement

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial