Cross-border trade in RMB clarifying enterprise administration will shortly be presented, the operational navigate of the applicable preparatory work for the bank furthermore went into a critical stage. The reporter wise from the first navigate of the imminent Bank of China Shanghai Branch was acquainted that the bank co-operation with the first journey overseas come to a collaboration, the RMB town of cross-border trade has made new advancement in the preparatory work.
Following the procedure makeup, procedure investigating, commissioning and convey of finance connected to the flat improvement of work, the Bank co-operation with the first visit overseas arrived at a cooperation. Business lines, embracing both overseas branches, but in addition the Bank of China overseas parts, which will cover China's "going out" is more distilled on enterprise wants of the nations and regions. It is worth referring that, with the omission of Asia, the Bank of China's RMB making clear clearing cross-border trade will in addition be broadened to a worldwide web of all greatest nations and territories, embracing the African continent.
Be included in the scope of this pilot Bank of Communications, Shanghai, Guangdong, Shenzhen, Zhuhai, Dongguan Branch 5 pilot cities, as well as overseas branches in Hong Kong and Macao, the pilot has completed the preparatory work, including a positive contact with the enterprises, and foreign banks agreed to negotiate the liquidation accounts and accounts opened, and the transformation of internal systems and business operations, the establishment of management systems. The bank is now ready to import the project involves issuing, to permit notice in advance, such as prepaid international settlement money.
People in the trade, the RMB town of a navigate cross-border trade are all part of the banking programs and hardware obligations are arranged to move higher, in which a mature mesh of overseas agencies to encourage the thriving enterprise will be the key.
Bank of China said that the line cross-border trade settlement related to the preparation of the RMB has been in place, pending the approval of relevant departments, can be through "agents" or "clearing house" mode to carry out import and export trade clearing and trade finance operations.
Following the procedure makeup, procedure investigating, commissioning and convey of finance connected to the flat improvement of work, the Bank co-operation with the first visit overseas arrived at a cooperation. Business lines, embracing both overseas branches, but in addition the Bank of China overseas parts, which will cover China's "going out" is more distilled on enterprise wants of the nations and regions. It is worth referring that, with the omission of Asia, the Bank of China's RMB making clear clearing cross-border trade will in addition be broadened to a worldwide web of all greatest nations and territories, embracing the African continent.
Be included in the scope of this pilot Bank of Communications, Shanghai, Guangdong, Shenzhen, Zhuhai, Dongguan Branch 5 pilot cities, as well as overseas branches in Hong Kong and Macao, the pilot has completed the preparatory work, including a positive contact with the enterprises, and foreign banks agreed to negotiate the liquidation accounts and accounts opened, and the transformation of internal systems and business operations, the establishment of management systems. The bank is now ready to import the project involves issuing, to permit notice in advance, such as prepaid international settlement money.
People in the trade, the RMB town of a navigate cross-border trade are all part of the banking programs and hardware obligations are arranged to move higher, in which a mature mesh of overseas agencies to encourage the thriving enterprise will be the key.
Bank of China said that the line cross-border trade settlement related to the preparation of the RMB has been in place, pending the approval of relevant departments, can be through "agents" or "clearing house" mode to carry out import and export trade clearing and trade finance operations.
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