Xi'an: Expansion of Cross-Border RMB Payments and Continued Support for Digital RMB Pilot Programs

On October 22, the Xi'an government announced the "14th Five-Year Plan for Improving Xi'an Business Environment" (hereinafter referred to as the "plan"), which issued ideas for expansion of cross-border life in RMB. Continue to support the free practice yuan pilot program.

“Planning” should deepen changes in taxation and encourage the use of third-party payment systems to pay taxes and fees. “Planning” calls for improving the level of ease of cross-border trade. Promote the development of multimodal transport, promote customs insurance, self-promotion and self-payment, tax collection and electronic payment, deepen reforms such as “pre-declaration”, “two-step declaration” and “The two-step approach”, and import and export of fixed documents export link dematerialized and electronic phase. Expand the use of cross-border renminbi payments in the free trade area and continuously support the renminbi pilot project. Establish and improve quality control systems for cross-border industry and improve business support technology.