In August 26th, Jinjiang 2010 training seminar on cross border RMB settlement and foreign trade and economic support policy was held at the Meiling sports and sports center. The training will be conducted by the Jinjiang Municipal Bureau of Commerce.

It is understood that the main purpose of the training meeting is to further popularize cross border trade knowledge and foreign trade support policies for RMB settlement business, so as to help Jinjiang's foreign trade enterprises grasp and carry out cross-border trade RMB settlement as soon as possible.

At the training session, first, experts from the Quanzhou branch of the people's Bank of China, Fujian branch of the Bank of China and CITIC Fuzhou branch explained the pilot policy of RMB settlement for cross-border trade, the preparation and operation process of enterprises, and the service of bank products. Subsequently, the Business Bureau of Jinjiang also introduced the latest foreign trade and economic support policies for enterprises.

"Affected by the financial crisis, the exchange rate of major currencies such as the euro and the US dollar fluctuated greatly, increasing the risk of our foreign trade oriented enterprises.

The popularization of cross-border RMB can reduce the risk of enterprises to some extent, and at the same time, improve the efficiency of enterprises.

Zhu Lingyi, manager of the Ministry of industry of Fujian branch of Bank of China, said.

"Our company has not yet started cross-border RMB settlement business."

Jinjiang taiga

In addition to the Jinjiang municipal government, Jinjiang Municipal Bureau of Commerce, the Jinjiang branch of the people's Bank of China and the relevant commercial banks, the 184 members of the first batch of pilot enterprises for cross border trade settlement in Jinjiang and 2009-2010 foreign trade management rights for 1-7 years were also responsible for 138 enterprises.