2011 Shanghai cross-border renminbi settlement rose 3.9 times

In 2011, Shanghai commercial Banks accumulated JieSuanLiang handling cross-border RMB 331.2 billion yuan, a increase from 2010. Held by the people's bank of Shanghai headquarters of cross-border RMB business in Shanghai in 2012 working meeting, revealed the above data.

Meeting to review summarizes the cross-border RMB business development in Shanghai since 2011, cross-border RMB business in the city of Shanghai in 2012 to make arrangements for deployment. Shanghai in 2012 and the main task of cross-border RMB business, is a financial service the real economy, promoting the development of cross-border RMB business in Shanghai. Second is service Shanghai "two centers" construction as the core, to further enhance the level of cross-border renminbi financial services. Three is based on the premise of risk control and standardize each business development.

In 2011, according to the unified deployment of the people's bank of China head office, the people's bank of Shanghai headquarters closely around the Shanghai international financial center construction of the overall situation, actively promote the cross-border RMB business development, and achieved significant results. First, settlement scale rapid growth. Shanghai commercial bank handling cross-border RMB JieSuanLiang throughout the year is 331.2 billion yuan RMB, a 13.5% increase from 2010, business across the country accounted for about 13.5%, compared with the same period as the cross-border yuan payments by 1.83% in 2010 to 1.83% of the total balance of payments.

Last year, the Shanghai headquarters also actively carry out foreign Banks and RMB capital increase of foreign capital insurance company, insurance company equity transfer, domestic foreign currency bank guarantee, the domestic enterprises outside the issuance of RMB bonds and so on many innovative services. Cross-border RMB business at present, Shanghai has covers the direct investment and indirect investment, under capital RMB foreign debt, the external guarantees such as a variety of business types.

Data show that by the end of 2011, the city's actual business enterprise 5175, 58 bank launched cross-border RMB settlement business. Liquidation network coverage constantly widened. To the end of 2011, the Shanghai agent within the territory of behavior from nearly 100 countries and regions outside the 675 line to open a renminbi trade settlement account, account number account for 56.8% of the total number of national, is up about 11% in 2010.

Meeting that cross-border RMB business development, not only beneficial to promote the yuan "going out", and is of great significance to the construction of Shanghai international financial center. Overall look, the enterprise gained, the bank received a new business growth point, and foreign financial market openness increases further, the financial support the development of the real economy added new products and services.

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