Expanding The Scope Of RMB Settlement Business In Export Trade

　　 Central Bank The Ministry of finance, the Ministry of Commerce, the General Administration of customs, the State Administration of Taxation and the six branches of the Banking Regulatory Commission jointly issued the notice on the management of RMB settlement enterprises in the export commodities trade yesterday. The circular stipulates that all enterprises with import and export qualification can carry out the RMB settlement business of export trade. This means that enterprises engaged in import and export goods trade, service trade and other current projects can choose to make RMB valuation, settlement and payment. But at the same time, there are six types of bad behavior enterprises will be included in the list of key regulators. The enterprises listed in the key regulatory list will not be allowed to store overseas funds for cross-border trade RMB settlement business.

According to the notice, enterprises with import and export qualification can carry out RMB settlement business in export trade according to the "cross border trade RMB settlement pilot management measures". The six ministries and commissions will also manage the key regulatory list of RMB clearing enterprises for export goods trade.

In the past two years, there have been fraudulent export tax rebates, tax evasion, false opening or receipt of special invoices for value added tax. Tax authorities and public security departments have been placed on suspicion of tax evasion, suspected fraudulent export tax rebates, suspected of false opening or suspected receipt of special invoices for value-added tax. There are smuggling and other serious violations of customs supervision; there are serious violations of financial management regulations; there are serious violations of the laws and regulations of the state's foreign trade; enterprises with other serious violations will become the focus of supervision by the six ministries and commissions. Dynamic management of key regulatory areas should be implemented and adjusted annually.

　　 Six ministries and commissions According to the need of performing their respective duties, we should strengthen the management of RMB settlement business in the export trade of enterprises and banks according to law, and fully share relevant information, including key regulatory lists, so as to form a joint force of supervision and effective prevention of risks.

According to statistics, July 2009 Cross-border Trade When the RMB settlement pilot started, 365 enterprises took part in the first batch of pilot projects. In June 2010, when the pilot areas in China expanded to 20 provinces and municipalities, enterprises in the pilot area could import goods trade, cross-border trade in services and other current account settlement in Renminbi, and the pilot enterprises for RMB settlement in export commodities trade also expanded to more than 60 thousand. In August 2011, cross-border trade in RMB settlement expanded to the whole country. Over the past two years, the measures for RMB settlement in cross-border trade have been gradually improved, and the scale of settlement has steadily increased.