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Two departments: Encourage banks to carry out overseas RMB loans and actively innovate products and services

According to news from the website of the Ministry of Commerce on the 11th, the Ministry of Commerce and the People's Bank of China jointly issued the "Notice on Further Supporting Foreign Economic and Trade Enterprises to Expand the Cross-border Use of Renminbi to Promote Trade and Investment Facilitation". The notice emphasizes that local commercial authorities and branches of the People's Bank of China must thoroughly study and implement the spirit of the 20th CPC National Congress and the Central Economic Work Conference, fully understand the positive role of cross-border RMB business in serving the real economy and promoting trade and investment facilitation, and timely identify and coordinate According to the needs of industry and enterprises, targeted measures should be taken in light of local conditions to create a good environment for the cross-border use of RMB.

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