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Vostosun has been A Pilot for Cross-border Yuan(RMB) Trade Settlement09/07/06

Vostosun has been A Pilot for Cross-border Yuan(RMB) Trade Settlement

 

Due to the professional experience in Imp & Exp and excellent performance in business operation, it’s a great honor that Vostosun has been appointed by government to be one of 92 pilot companies for cross-border yuan trade settlement.

 

The pilot cross-border RMB settlement gets started in Shanghai on Jul. 6th 2009.

This policy applies to countries and regions as followed:

In China mainland: Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguang;

Abroad: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Kampuchea, Hong Kong and Macao

 

One of the advantages of cross-border RMB trade settlement: when using the third currency, buyer and seller both have to change foreign currency, and there should be some extra cost and risk existed. While using single currency, that could make the business price clarity and reduce the risk of foreign currency exchange rate as well.

 

With this Preferential Policy, we wish customers could have one more optional payment and settlement method in trading.

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