At a June 9 forum in Shanghai, Bank of China chairman Ge Haijiao outlined
measures to expand RMB international use. The bank will push deeper scenario
integration to support cross-border e-commerce, promote full‑chain RMB pricing
and settlement for bulk commodities and shipping, and broaden payment services
for foreign residents in China. It will back financing and market access
connectivity by supporting expansion of Bond Connect, Swap Connect and
Cross‑border Wealth Management Connect to help overseas institutions access
China opportunities. The bank also pledged to integrate advanced technology into
cross‑border payments, accelerate cross‑border RMB infrastructure
interconnection, fully support the Shanghai digital RMB international operation
center, deepen cooperation with foreign central banks, financial institutions
and international organisations, and continue to provide stable RMB liquidity to
promote RMB use abroad.
