Zhou Xiaochuan: Promoting Cross-Border Settlement Of RMB In Xinjiang

On June 1st, Zhou Xiaochuan, the party secretary and governor of the people's Bank of China, said that the people's Bank of China will conscientiously carry out its duties and conscientiously implement the Central Committee's strategic decision to achieve the leap forward development and long-term stability of Xinjiang, and support Xinjiang's accelerating development, improving people's livelihood, promoting unity and maintaining stability.

In this regard, he put forward the four focal points of the people's Bank of China. First, according to the steps and strategic layout of Xinjiang's economic development, the people's Bank of China should further strengthen its research and exploration, take measures that are suitable for Xinjiang's practical and practical measures, actively follow up and make a difference; and two, vigorously promote cross-border trade and investment in RMB settlement. Xinjiang is adjacent to 8 countries and has unique geographical location and unique economic location advantages. Xinjiang has intensified its opening up to the West and played an important role in the export oriented economy.

The people's Bank of China implements an important measure to support Xinjiang's economic development. It is to give full play to its positive role in cross-border trade and investment so as to play a significant role in boosting the economy of Xinjiang as a whole. Three, we should actively support the development of SMEs in Xinjiang. Four, we should actively build a credit reporting system suitable for Xinjiang's economic development, and support Xinjiang's efforts to build a good financial ecosystem.