The Korean Government Encourages Korean Enterprises To Trade With China In Renminbi Settlement.

South Korea's Ministry of finance, Ministry of industry, commerce and resources, and the Bank of Korea (central bank) and other major government departments convened an economic Chief meeting to finalize and announce the specific plan for establishing the direct trading mechanism of the Korean won and RMB.

A head of the Ministry of Finance said that

We will actively encourage Korean enterprises to use RMB settlement in trade with China, and strive to increase the proportion of RMB settlement in bilateral trade from 1.2% to 20%.

At present, the two countries mainly use US dollar settlement in bilateral trade, accounting for 95% of the total.

The official said that the investigation results released by the people's Bank of China and HSBC showed that

If Korean enterprises use RMB to trade settlement, they can enjoy 3% to 5% discount.

If the proportion of RMB settlement in Sino Korean trade is further improved, the number of Chinese inland enterprises that will trade with Korean enterprises will increase significantly, and the volume of trade between Korea and China will also increase.

It is reported that the Korean government will establish the Korean won and RMB direct trading mechanism in December.

In July 2014,

President Park Geun hye held a summit meeting with Chinese President Xi Jinping to agree on the establishment of a direct trading mechanism between the won and the renminbi.

The government's decision is a concrete plan for this agreement.

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Recently, a reporter visited Yongxin county.

Driving from the Yongxin County town to the north, it took ten minutes to drive to a flat area surrounded by green hills. The Yongxin Industrial Park is located here.

Large scale standardized factory buildings are scattered, and the brand with "leather" is particularly conspicuous.

Yang Hupi, deputy secretary of the park, said that at present, there are 30 leather enterprises located in the leather industrial park of the park.

Every year, more than 4 million processing blue leather and leather goods are sold from all over the world, and the main business income is 3 billion yuan per year.

This industry is the traditional industry of Yongxin county. Its history can be traced back to more than 300 years ago.

Yongxin county has always been one of the five largest leather distribution centers in Central China.

Back to the last century, the leather processing in Yongxin represented the township enterprises in Longmen town and formed a family workshop mode.

But the real leather processing industry has grown into a pillar industry in Yongxin County, starting from the construction of leather industrial park.

"Breaking through the previous small and small workshop management mode, built the leather processing industry chain, and formed the industrial cluster."

Yang Hupi said.

"Environmental protection first, massive cluster, strategic cooperation", clear thinking and quick implementation.

In 2008, the park took the lead in building the first leather sewage treatment plant in Jiangxi province.

Followed by industrial layout.

On the one hand, the park is concentrating on several famous leather enterprises to the leather industrial park, attracting investment from upstream and downstream enterprises, extending the industrial chain and promoting the cluster of leather industry.

In order to solve the raw material problem of enterprises, Yongxin has built 2 years of beef cattle trading market with more than 10000 trading volume in the mode of "scientific research + enterprise + base + farmer", providing sufficient high-quality cowhide resources for the development of leather industry, so that the "beef cattle raw hide - Blue leather leather products" industry chain is completely buckled.

The formation of industrial chain and industrial cluster will exert enormous driving force.

At present, Yongxin has built up the core industry of leather, leather goods, leather chemicals, leather accessories and other functions, and more than 300 kinds of products sell well in Southeast Asia and Europe and the United States, making leather products processing bases a well-known leather collection, processing, production and sales, product research and development center.