People's Bank of China yesterday announced the RMB settlement areas expanded to the country in anticipation of RMB appreciation against the backdrop of a strong, RMB has been used more and more traders welcome correspondents from foreign banks learned this year, foreign sharp increase of RMB deposits, renminbi as an international currency trends have emerged.

Reporters learned yesterday from the central bank, the central bank, Ministry of Finance, the Ministry of Commerce, General Administration of Customs, State Administration of Taxation and the CBRC jointly issued "on the expansion of RMB settlement areas," which clearly Hebei, Shanxi, Anhui, Jiangxi, Henan, Hunan, Guizhou, Shaanxi, Gansu, Qinghai and Ningxia enterprises can carry out cross-border trade in RMB; Jilin, Heilongjiang, Tibet, Xinjiang's trade enterprises to export goods outside the geographical scope of the RMB settlement from neighboring countries and extend to all countries outside regions. At this point, cross-border trade within the geographical scope of RMB settlement to the country.

Dollar is the international trade settlement currency, but in recent years, the RMB business to the increasing demand for cross-border settlement .2005 exchange reform since the RMB against the U.S. dollar has appreciated nearly 30% personal banking at Bank of East Asia, said director Zhang Shaofeng Currently, many companies are willing to cross-border trade in RMB settlement of accounts, in order to avoid losses caused by exchange rate fluctuations. With the increase in offshore renminbi, foreign banks have introduced innovative services Zhangshao Feng said that the BEA has offered" two-pass "comprehensive cross-border financial services, including both a pass accounts, in Hong Kong and quickly transfer, cross-border withholding business and so on.

This chaptersource:China Trade Information (http://en.zgxu.com),In this paper.