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Shanghai Headquarters of the Central Bank: Shanghai’s total cross-border RMB receipts and payments in the first seven months of this year were 18.83 trillion yuan

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Shanghai Headquarters of the Central Bank: Shanghai’s total cross-border RMB receipts and payments in the first seven months of this year were 18.83 trillion yuan

On September 15, financial front-line news, the Shanghai headquarters of the central bank issued a document stating that in the first seven months of this year, the total cross-border RMB receipts and payments in Shanghai was 18.83 trillion yuan. In the first seven months of this year, Shanghai’s total foreign-related revenue and expenditure reached US$3.26 trillion. As of the end of July this year, 1171 foreign institutions had entered the inter-bank bond market, with a debt balance of 3.93 trillion yuan. In addition, the Shanghai headquarters of the People’s Bank of China continues to optimize agency investment services for overseas central bank institutions. The variety of agency services continues to be enriched, business models become more diverse, and the scale of transaction settlement has steadily increased.

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