In the past, the import and export of domestic enterprises could only be settled in US dollars or a third-party currency. During the period from the signing of the contract to the completion of the contract, the change of exchange rate will fluctuate the actual earnings of enterprises. Now the bank has launched RMB settlement business. Since RMB is the local currency of domestic enterprises, the contract pricing is consistent with the main currency of enterprise operation, Before signing the contract, domestic enterprises can effectively understand the transaction cost and income
With the RMB settlement business of cross-border trade, domestic enterprises can more easily carry out cross-border trade all over the world
as to prevent the exchange rate risk.