Measures for the Administration of Pilot RMB Settlement in Cross-border Trade

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The "Measures" and the "Implementation" stipulate for the first time that some designated and qualified enterprises are allowed to implement the RMB settlement in cross-border trade in the pilot areas. The authorities determine the list of enterprises according to their qualities and the recommendation from local government. The central bank of China will supervise the whole procedure and control the total amount of pilot RMB settlement.

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