The Zhongshan Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area and Cross-border RMB Policy Lecture was held online on the afternoon of January 27. More than 1,000 foreign trade enterprises in Zhongshan with a total of about 180,000 people attended the lecture online.

Through the advocacy of cross-border RMB and foreign exchange management policies, this lecture enabled more market players to understand the cross-border RMB policies, helped enterprises solve foreign exchange problems, promoted the connection between the banking business and products, and further propelled the overall development of the cross-border RMB business in Zhongshan.

Zhongshan has been conducting cross-border RMB business since 2009. In 2020, the amount of cross-border RMB settlement in Zhongshan reached 58.958 billion yuan, exceeding 630 billion yuan in total. In addition, the use of the RMB for cross-border transactions has been expanded to 153 countries and regions such as ASEAN, Japan, South Korea, Europe and North America. A total of 25 financial institutions and 2,976 foreign trade enterprises in Zhongshan have conducted cross-border RMB settlement business.