Unresolved
China's cumulative cross-border RMB settlement volume tied to export loans will rise by at least 15% year-on-year in Q4 2026 and Q1 2027.
New SAFE rules, taking effect on 1 October, introduce direct current-account crediting and remove prior administrative approval for debt-servicing currency purchases, materially cutting transaction friction for exporters. Beijing also has an incentive to showcase RMB settlement gains as evidence of "opening while controlling."
New SAFE rules, taking effect on 1 October, introduce direct current-account crediting and remove prior administrative approval for debt-servicing currency purchases, materially cutting transaction friction for exporters. Beijing also has an incentive to showcase RMB settlement gains as evidence of "opening while controlling."