(1) In order to meet the needs of China's opening-up policy, it provides two sets of settlement services in two currencies for China enterprises to enter the international market and participate in international competition.
(2) Raising foreign exchange funds for China's modernization through multiple channels and various credit methods.
(3) The comprehensive development of international business by commercial banks is of great significance for giving full play to the overall functions of banks, improving the efficiency of the use of foreign exchange funds and perfecting China's market system.
First of all, commercial banks engaged in international business can combine international finance with domestic finance, so that RMB funds can closely cooperate with foreign exchange funds, which is conducive to giving full play to the overall functions of banks; Secondly, the centralized operation of foreign exchange business by commercial banks can change the disadvantages of scattered and diversified use of foreign exchange funds and lack of overall arrangement of foreign exchange receipts and payments in China, which is conducive to the good management and use of foreign exchange funds and effectively improve the economic benefits of foreign exchange funds; Thirdly, commercial banks engaged in international business should not only actively participate in the competition in the international financial market, but also objectively require to open their own currency and capital markets and develop their own financial centers and offshore markets, which will undoubtedly have a great impetus to standardize and improve China's financial system.
(4) By participating in international competition, it is of great significance for commercial banks to engage in international business to increase their income, improve the liquidity of bank assets, learn the theory and experience of international banking management and cultivate financial talents.