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China's Payment System Increase RMB Cross-border Payment and Settlement Function

Source: Yiwu sourcing agent    Author: Helan      Date: 2012-04-02

Learned yesterday from the People's Bank of China, the central bank is currently studied to further improve China's payment and settlement system, construct RMB cross-border payment systems and other related issues, will increase cross-border payment and settlement functions in the payment system.
  According to the central bank department responsible person, with the rapid development of cross-border RMB business in China, the main entities in the market hope to enjoy more convenient RMB cross-border payment and settlement services. To meet the needs of development of the situation, the central bank will further improve the payment and settlement system, improve the technical level of financial services, offered appropriate liquidation of convenience for market entities who acceptance and use RMB market aboard.

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