Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding Capacity and Improving the Quality of the Financial Support Service Industry”. The “Opinions” state that measures to facilitate cross-border trade and investment and financing should be deepened, and service industry operators are encouraged to prioritize the use of RMB for pricing and settlement. Promote the enhancement of financial institutions' domestic and foreign resource allocation capabilities and international competitiveness, optimize “integrated” services such as cross-border settlement, exchange rate hedging, cross-border financing, and external guarantees, support enterprises to “go global” and increase their participation and influence in the international market. Continue to improve and promote the application of multilateral central bank digital currency bridges and “digital currency delivery” integrated cross-border settlement service platforms to provide efficient and low-cost cross-border fund settlement services for overseas service enterprises through multiple channels.

Eight departments including the People's Bank of China jointly issued the “Guiding Opinions on Expanding Capacity and Improving the Quality of the Financial Support Service Industry”. The “Opinions” state that measures to facilitate cross-border trade and investment and financing should be deepened, and service industry operators are encouraged to prioritize the use of RMB for pricing and settlement. Promote the enhancement of financial institutions' domestic and foreign resource allocation capabilities and international competitiveness, optimize “integrated” services such as cross-border settlement, exchange rate hedging, cross-border financing, and external guarantees, support enterprises to “go global” and increase their participation and influence in the international market. Continue to improve and promote the application of multilateral central bank digital currency bridges and “digital currency delivery” integrated cross-border settlement service platforms to provide efficient and low-cost cross-border fund settlement services for overseas service enterprises through multiple channels.