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Can commercial customers conduct RMB exchange for cross-border trade settlement, when their trade counterpart is not on the Mainland China?

April 26, 2017Commercial conduct counterpart cross-border customers exchange mainland RMB Trade

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Can commercial customers conduct RMB exchange for cross-border trade settlement, when their trade counterpart is not on the Mainland China?

1 Answer

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RMB exchange for cross-border trade settlement purpose is applicable for Mainland counterparts. However, when the underlying transaction involves goods transit to or from Mainland China, such RMB exchange for cross border trade settlement may also be applicable.