The benefits of cross-border business include: 1. Reduce exchange rate costs and avoid exchange rate risks.
The use of RMB for international settlement, especially among affiliated enterprises, can save the cost of foreign exchange purchase and settlement, reduce the risk of capital mismatch, realize the hedging of income and expenditure items, and directly avoid the exchange rate risk.
2. Simplify the settlement procedures, speed up the settlement, and improve the efficiency of capital use.
Not included in the management, no need to provide foreign exchange verification documents.
Cross-border settlement funds do not need to enter the account to be verified.
Trade credit items are registered as external debt only and are not included in external debt management.
Therefore, it will simplify the capital settlement procedures of enterprises, shorten the settlement process, and improve the efficiency of the use of funds.
