For enterprises, qualified enterprises conduct cross-border trade and investment in RMB on a voluntary basis; For commercial banks, it is to provide cross-border RMB-related settlement services for enterprises or individuals within the scope of policies stipulated by the People's Bank of China.
The cross-border RMB business that enterprises can handle mainly includes: import and export of goods, service trade, foreign direct investment, overseas direct investment, RMB overseas loans from foreign-invested enterprises, RMB loans from overseas projects, overseas loans from non-financial institutions, full-caliber cross-border financing, overseas bond issuance by enterprises, and cross-border two-way RMB fund pool.
Cross-border RMB income
Cross-border RMB can save exchange costs; Increase capital gains; Avoiding exchange rate risk; Optimize risk management; Reduce transaction costs; Lock in costs and benefits. Compared with foreign currency, it can be said that there are many benefits and preferences.
After handling cross-border RMB business, the institutional obstacles are reduced, trade settlement is not included in the write-off management, and the administrative examination and approval links of investment settlement are reduced.
Business procedures are simplified, and enterprises do not need to submit verification forms for customs declaration, foreign exchange settlement and tax refund (exemption); When the funds arrive quickly, the export income of the enterprise can be directly recorded, and there is no need to write off the advance receipts; Funds can be used freely, and enterprises can deposit export income abroad to carry out trade and investment settlement according to regulations.