Cross-border business refers to all kinds of cross-border business conducted or settled in RMB between residents and non-residents.
Cross-border refers to the relationship between China and foreign economies, that is, between residents and non-residents.
Benefits of cross-border RMB business: 1. Reduce enterprise costs and avoid risks.
Using RMB, especially among related enterprises, can save the cost of foreign exchange purchase and settlement, reduce the risk of capital mismatch, realize the hedge 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.
Cross-border settlement funds are not required to enter the accounts to be checked. Trade credit projects are only registered as foreign debts and are not included in foreign debt management.
So it will simplify the process of clearing corporate funds, shorten the settlement process, improve the efficiency of the use of funds Aggressive rate hike expectations cool, the dollar hit a week low rebound is not easy, the European Union cut economic forecasts cloud the euro outlook.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.