Nearly 100 Enterprises In Shishi Were Allowed To Participate In RMB Settlement In Export Trade.

The December 8th hearing was approved jointly by the 6 departments of the state.

Shishi enterprises, which have been approved to carry out cross-border RMB settlement experiments, have covered export-oriented industrial and commercial enterprises such as clothing, footwear and other industries. Shishi enterprise has been involved in the pilot of RMB settlement business for export commodities for the first time. It will further promote the implementation and development of Shishi's "going out" strategy and promote the internationalization process of Shishi industry.

Shishi economy has a good external dependence. The annual export delivery value is more than ten billion yuan. This year, Shishi import and export appeared a "blowout" market. In the first 10 months, both imports and exports exceeded the growth rate of more than 50%, especially the export trend.

This year, the international foreign exchange market has seen huge fluctuations, especially after the national day.

In December 6th, the middle price of the US dollar exchange rate in the inter-bank foreign exchange market was 1 US dollars to RMB 6.6515 yuan. The foreign exchange market participants expect that the RMB's growth rate will close to 3% this year at the end of 12. If the US dollar is still used for international trade settlement, the Shishi footwear and other enterprises will have hundreds of millions of yuan in exchange losses theoretically.

Shishi footwear and other export-oriented enterprises were all encouraged by the pilot project of cross-border RMB settlement. The end of the year is the peak of international trade settlement. They believe that from the beginning of December, RMB can be used for cross-border trade settlement, which will effectively avoid exchange rate losses and exchange risks, and notify the foreign customers of the good news on that night.