report from (reporter Liang says reporter Lu Liyan) amount of renminbi settlement of cross-border trade in the first quarter soared. Yesterday from cross-border RMB settlement Forum was informed that the 2011 first quarter domestic banking Trojan and cross-border trade business 360.3 billion yuan renminbi, about 70% of the total volume of business last year.
the people's Bank of Second Secretary Deputy patrol officer Yao Yudong said the monetary policy, at present the Renminbi has been extended to non-pilot enterprises. Bank may, in accordance with the relevant provisions of the domestic institutions in foreign investment enterprise or project issue RMB loan.
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primary South grams speech or revealed fed exit route figure QE2 or painting Shang period European Central Bank new Palm lock will "meaning" in the people RMB on dollars 25th disk in the volatility near 0.5% RMB is period currency yesterday once fell stopped vulnerable dollars has is "spent" Shen Jianguang: exchange rate interest rate need more flexible second quarter investment policy will hot registration in the on export enterprise, , The Renminbi to exporters to avoid exchange rate risk, exchange loss reduction, saving financial costs. In addition, the Renminbi verification link does not exist, capital does not enter the verification account, an enabling environment for business working capital.
Bank of China will speed up the distribution of overseas
General Manager of Bank of China Guangdong provincial branch international settlement Lin Wei River introduction, Bank of China Group from 2010 to cross-border RMB settlement amount accumulated in the first quarter of this year over 740 billion RMB. For enterprise on RMB liquidity issues in the overseas, Bank of China will speed up overseas network layout, for cross-border RMB settlement paved channels. Wei Lin said Jiang, from cross-border RMB settlement pilot boot to the first quarter of this year, Bank of China row handle the volume of cross-border transactions within the territory of more than $ 300 billion.
