RMB Accession To The SDR, Such As The Rise Of Cross-Border Payments In The Early Golden Age Of Development

In recent years, the state has continuously introduced support policies for cross-border trade, creating more and more convenient conditions for the foreign trade industry and cross-border electricity supplier enterprises.

On the other hand, domestic third party payment companies are increasingly active in cross-border payment, and they also play a strong role in boosting the foreign trade industry.

From the current domestic cross-border payment business market, continuous payment is at a high speed ahead.

The continuous payment of cross-border payment products has used a set of scientific calculation of foreign exchange pricing system, through the real-time exchange rate, the exchange rate fluctuations of foreign currency and RMB exchange rate will be reduced to a minimum.

At the same time, continuous payments support many currencies such as the US dollar, euro, pound and so on, which greatly facilitate cross-border trade businesses.

In addition, thanks to the convenience policy of the State Administration of foreign exchange, the cross-border payment service provided by successive payments has also better met the needs of import and export businesses.

The third world Internet Conference and the internet light Fair will be held in Wuzhen, Zhejiang in from November 15th to 19th. The famous domestic enterprises will pay two degrees to attend the meeting. They will introduce their business advantages to the guests attending the conference, and will compete with the elite of science and technology and finance at home and abroad in the context of RMB internationalization.

Topics such as how to innovate and develop are discussed in depth.

Repeated payments CEO Liu Yongan believes that with the continuous progress of RMB internationalization such as RMB SDR accession, cross-border payment business will usher in an outbreak of growth, and will strongly promote the development of foreign trade.

The theme of this world Internet Conference is "innovation driven and beneficial to mankind" - to work together to build the destiny community of cyberspace. It aims to build an international platform for China's interconnection with the world and a Chinese platform for sharing and sharing the Internet.

With the extension of the strategy of RMB joining the SDR and the belt Road,

The growth potential will gradually emerge.

The relevant data show that at present there are 20 million cross-border e-commerce enterprises in China, with the annual turnover of about 5 trillion and 200 billion yuan and more than 20% of the high growth rate; in 2016, the total import and export of China's cross-border e-commerce is expected to increase to 6 trillion and 500 billion yuan, and the annual growth rate is 30%, accounting for 20% of the total import and export trade of China.

At present, the three party payment institutions such as repeated payments are also accelerating the layout of diversification, personalization, informatization and electronic services, so as to further speed up the internationalization process.

Data show that the global cross-border electricity supplier settlement business, 40% of the capital flows to the RMB.

Compared with the payment industry at home and abroad, China is far ahead of other countries in terms of technology, innovation and service.

With the acceleration of the internationalization of RMB, cross-border payment business will go forward vigorously, and continuous payment will also promote the development of foreign trade through its own flexible and convenient services.

Liu Yongan said that the future payment will be repeated.

Business is comprehensive.

"Cross border payment business has great potential, but we must devote more energy to service innovation, product innovation, wind control and compliance. Especially important is that we should take the opportunity to" ship to sea ", develop more overseas customers with our own technological and product innovation advantages, and expand the leading position of continuous payment in cross-border payment through two-way development.

At this Internet Conference, Liu Yongan and other senior executives will discuss the new growth points of cross-border trade, the innovative development of cross-border payment business, and how cross-border payments can better promote foreign trade and other topics.

Liu Yongan said that China's foreign trade is facing many challenges recently, which has raised a new topic for cross-border payment industry.

How to better assist and serve a large number of export trade enterprises will be the next priority for cross-border payment enterprises.