[China Glass Network] The amount of RMB cross-border trade settlement has soared in the previous quarter. The reporter learned from the cross-border RMB settlement forum yesterday that in the first quarter of 2011, domestic banks handled a total of 3603 billion RMB cross-border trade business, accounting for 70% of the total business volume last year.
Yao Yudong, deputy inspector of the Second Division of the Monetary Policy of the People's Bank of China, said that the current RMB settlement has been extended to non-pilot companies. Banks may issue RMB loans to enterprises or projects invested by domestic institutions abroad in accordance with relevant regulations.
For export enterprises, RMB settlement is beneficial for exporters to avoid exchange rate risks, reduce exchange losses and save related financial costs. In addition, there is no write-off link in RMB settlement, and funds do not enter the account to be verified, which is beneficial to the enterprise's working capital.
Acetate Sunglasses,Consumer Product,New Designer Sunglasses,High Quality Custom Acetate Sunglasses
Sunglasses, Metal Optical Frames Co., Ltd. , http://www.nbopticalframes.com