Supplementary information: Authorized by the People's Bank of China, since February 5, 20 18, the inter-bank foreign exchange market has improved the trading mode of RMB against Thai baht, from regional trading of RMB against Thai baht to direct trading of RMB against Thai baht. And in order to actively cooperate with the "Belt and Road Initiative", the direct transaction of RMB against Thai baht is temporarily free, and the temporary exemption period is July 3, 20201. This provision has further promoted bilateral trade and investment between China and Thailand, and facilitated the use of RMB and Thai baht in trade and investment settlement.

It is understood that as early as 20 1 1, the regional RMB-Thai baht interbank market transaction started in Kunming, Yunnan. At that time, China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank, China Bank of Communications, Yunnan Branch, Fudian Bank and Pangu Bank (China) participated in the transaction. After the direct transaction began on February 5 this year, the number of direct trading banks between RMB and Thai baht has expanded to 13, with the addition of CITIC Bank, HSBC Bank (China), Standard Chartered Bank (China) and Bank.