Main contents: The Circular states that banks may issue letters of guarantee inrenminbi (Rmb) for clients on the contracting of overseas projects, overseas construction projects and cross-border financing. The
People's Bank of China, Circular on Clarifying Issues Relevant to Cross-border Renminbi Transactions
中国人民银行关于明确跨境人民币业务相关问题的通知
Pilot Rmb settlement of FDI launched.
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