Recently, Financial Society of Guangxi and Guangxi Institute of Finance and Economics have jointly held a seminar on China-ASEAN financial opening up and cooperation and the press conference on the “Report on the Use of RMB in ASEAN Countries in 2020” (hereinafter referred to as the “Report”) in Nanning.
It is understood that the “Report” covers the overall cross-border receipt and payment of RMB between China and ASEAN, the latest progress made in China-ASEAN monetary cooperation, and the offshore RMB market development in Singapore. Starting from this year, regular reports will be issued every year to provide reference for all sectors of society and provide useful exploration for promoting the regionalization and internationalization of RMB. At the same time, it is learned from the seminar that Guangxi needs to make good use of its advantages in all aspects to attract cross-border capital settlement for ASEAN countries to settle in Guangxi. And Guangxi needs to further strengthen exchanges and cooperation with ASEAN countries at all levels, pursue the establishment and development of domestic offshore RMB financial products and services for ASEAN countries, and the establishment of a better financial connectivity infrastructure for the common development with ASEAN countries.