People's Bank of China Li ke Xin: Shanghai's cross-border RMB settlement volume rapidly increasing, with the total inflow and outflow reaching nearly 30 trillion yuan by 2024.

Li Kexin, Deputy Director of the Office of the People's Bank of China, stated that the People's Bank of China has been strongly supporting the construction of the Shanghai International Financial Center, focusing on key areas and launching a series of policy measures, which have achieved good results. With the support of various policies, the cross-border RMB settlement volume in Shanghai has grown rapidly, reaching nearly 30 trillion yuan in 2024, accounting for 47% of the total national business volume.