According to the People’s Bank of China Chenzhou Branch, the cross-border RMB settlement in Chenzhou reached 6.19 billion yuan, exceeding 6 billion yuan for the first time, with a year-on-year increase of 49.2%, ranking third in the province in terms of growth rate.

Among them, the settlement performance of trade in goods trade under the current account is particularly outstanding, accounting for 65.79% of the total amount, with a significant year-on-year increase. This reflects the strong demand for cross-border RMB use in the real economy of Chenzhou, and also demonstrates the strong financial support for the high-quality development of Chenzhou's foreign-related economy.

In 2025, the People's Bank of China Chenzhou Branch organized foreign-related financial institutions to further expand the cross-border RMB business, targeted the first-time enterprises, encouraged foreign-related banks to increase cultivation efforts, innovated financial products for enterprises’ demands. It has created a demonstration window for cross-border RMB services, guiding more than 100 enterprises in the city to use RMB for cross-border settlement. Its business has covered 38 countries and regions around the world.

Chenzhou Finance Authority continued to improve the contact and service mechanism for key enterprises, dynamically updating the list of high-quality enterprises, promoting policy dividends directly to market entities. Its business coverage has been  further expanded to 33 industries such as wholesale and retail, non-ferrous metal processing, and technology services, showing a prominent crossover development trend.

At present, there are 24 high-quality enterprises in Chenzhou, a year-on-year increase of 140%. Their RMB receipts and payments account for over 50% of the city's total.

Fully leveraging the natural exchange rate hedging advantage of cross-border RMB, the People's Bank of China Chenzhou Branch has established a three-dimensional service system involving special training, one-on-one promotion and customized solutions to guide enterprises to use RMB for cross-border settlement step by step.

This move not only helps enterprises avoid exchange rate fluctuations and reduce exchange costs, but also makes Chenzhou enterprises take more steady steps in going global.

Chenzhou has fully implemented the policy of facilitating RMB settlement for cross-border trade and investment, promoted the expansion of the pilot coverage of facilitation for foreign-related banks, simplified business processes. This greatly improved the efficiency and attractiveness of cross-border RMB settlement, and eased the burden of cross-border transactions for enterprises.

Next, Chenzhou will focus on serving the real economy and promoting trade and investment facilitation, deepen the innovation and application of cross-border RMB business, to continuously optimize the business ecosystem, and inject stronger momentum into the high-quality development of Chenzhou's open economy through financial services.

Chinese source: hunantoday