Lates News

The People's Bank of China Shanghai Headquarters held a press conference for the first quarter of 2026, introducing the financial operation situation in Shanghai in 2025. The use of the RMB in key enterprises, key sectors, and key regions has made positive progress. The cross-border RMB settlement volume of shipping enterprises, new foreign trade formats, and bulk commodities increased by 48%, 16%, and 2.6% respectively. The cross-border RMB settlement volume between Shanghai and countries and regions along the "Belt and Road" increased by 4.2% year-on-year.