PARIS, June 4 (Xinhua Silk Road) -- The French and Chinese treasurers seminar on cross-border RMB was held Tuesday in Paris, France. Hosted by the ICBC Paris Branch on the occasion of its 15th anniversary, the seminar brought together over 100 participants from the Chinese and French business communities.
The event was part of the 4th edition of the China-Europe Business Council's "Entering France" series. The China-Europe Business Council (CEBC) was initiated by the Industrial and Commercial Bank of China (ICBC) in 2021 in collaboration with leading enterprises from various sectors in China and Europe, with the aim of promoting mutually beneficial cooperation between Chinese and European companies.
Wang Dong, minister of the Chinese Embassy in France, noted that bilateral economic and trade cooperation between China and France has achieved fruitful results, with trade and investment steadily scaling up. The booming trade and investment cooperation between China and France provides broad application scenarios and strong internal momentum for cross-border RMB usage. He encouraged all parties to actively consider using RMB in their trade and investment with China, so as to fully benefit from the development dividends brought by cross-border RMB adoption.
Zhang Shouchuan, senior executive vice president of ICBC, stated that the CEBC's "Entering France" series has been held in Paris for the fourth consecutive year. France now hosts the largest number of CEBC member companies among European countries, and the council's brand influence in France continues to grow. Looking ahead, the CEBC will further build an efficient and smooth dialogue platform to facilitate precise matchmaking and pragmatic cooperation between Chinese and European enterprises. ICBC remains committed to building a financial bridge for China-Europe and China-France economic and trade cooperation, with a particular focus on cross-border RMB usage scenarios, offering comprehensive financial solutions to companies from both sides.
Emmanuel Arabian, representative of the French Association of Corporate Treasurers (AFTE), vice president of finance and treasury at SEB Group, believed that Chinese and French companies both need greater flexibility in cash management and more convenient cross-border capital flows. He looks forward to a continued evolution of China's regulatory framework toward smoother and more efficient practices. He added that the deep understanding of the Chinese market, regulatory environment, and banking ecosystem possessed by Chinese financial partners such as ICBC is indispensable for multinational groups when designing practical, efficient, and forward-looking solutions.
The event focused on cross-border RMB discussions. Experts from ICBC Standard Bank, ICBC Europe Headquarters, and ICBC Paris Branch delivered presentations on global and Chinese macroeconomic trends, global cash management services, and the RMB bond market. They also engaged in in-depth exchanges with corporate representatives on topics including cross-border cash pooling, offshore RMB financing, exchange rate hedging, and cross-border investment and financing.
Representatives from the ICBC Paris Branch told the reporter that the bank will continue to leverage the global network and resource advantages of ICBC to serve global clients, serve as a strong financial bridge, strive to become a benchmark bank for RMB business in the French market, and support the high-quality development of China-France economic and trade cooperation.
(Contributed by Li Wenxin)
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