Eight departments including the central bank: Deepen measures to facilitate cross-border trade and investment and financing, encourage service industry operators to prioritize the use of RMB for pricing and settlement.

Zhitong Finance APP has learned that the People's Bank of China and seven other departments jointly issued the "Guiding Opinions on Financial Support for Expanding and Upgrading the Service Industry." The opinions mention steadily advancing high-level financial opening. We will deepen measures to facilitate cross-border trade and investment and financing, and encourage service industry operating entities to prioritize the use of RMB for pricing and settlement. We will promote the enhancement of financial institutions' domestic and overseas resource allocation capabilities and international competitiveness, optimize "integrated" services such as cross-border settlement, exchange rate hedging, cross-border financing, and external guarantees, support enterprises in "going global," and increase their participation and influence in the international market. We will continuously improve and promote the application of the multilateral central bank digital currency bridge and the "CBETS" comprehensive cross-border settlement service platform, providing efficient and low-cost cross-border fund settlement services for service industry enterprises expanding overseas through multiple channels.