Chongqing: Promoting cooperation between banks and relevant institutions to provide cross-border RMB payment services.

date
30/04/2025
Chongqing Municipality has issued the "Implementation Plan for Accelerating the Cultivation of the International Logistics Full Chain Service System from Order to Delivery in Chongqing." It mentions the need to streamline the payment settlement chain, promote cooperation between banks and relevant institutions to provide cross-border RMB payment services, strive for policies for multinational companies to integrate domestic and foreign currency funds, improve the regional cross-trade fund payment service system, support online one-click access to cross-border trade services on platforms, achieve full coverage of customs clearance methods, optimize the management of market procurement and business entities registration, and explore optimizing the management model of third-party payment institutions for RMB settlement and exchange.