Lates News

The Shanghai Headquarters of the People's Bank of China held a press conference for the first quarter of 2026, introducing the financial operation of Shanghai in 2025. The ability of cross-border RMB business services to serve the real economy continues to improve. The total amount of RMB cross-border payment and receipt for "current account + direct investment" closely related to the real economy reached 3.5 trillion yuan, a year-on-year increase of 14%, which is 5 percentage points higher than the overall growth rate. The proportion of RMB cross-border payment and receipt for current account and goods trade compared to the total cross-border payment and receipt in the same period increased by 1.9 and 1.0 percentage points respectively over the previous year, indicating that the willingness of entities in the real economy to use cross-border RMB settlement is constantly increasing.