Bank of China and Cross‑Border Interbank Payment and Settlement Co., Ltd. (CIPS)
jointly hosted a renminbi cross‑border investment and financing promotion event
in Santiago on the 22nd; more than 100 finance, political and business
representatives attended. Participants said China’s ongoing financial opening
will expand renminbi use in bilateral trade and investment; China’s ambassador
to Chile said deepening financial connectivity and broader renminbi usage is a
pragmatic cost‑and‑risk management choice for firms and necessary to deepen
bilateral cooperation, urging financial ties to become a new engine for
upgrading the strategic partnership.
