Going forward, the PBC will implement the decisions and arrangements of the CPC Central Committee and State Council, take effective measures to further support the pilot programs of financial reform and opening-up in Shanghai. First, to facilitate the RMB internationalization, we will support Shanghai in innovating and carrying out pilot programs in cross-border RMB business and products following the market-driven principle.
We will give full play to the RMB in pricing and settlement of commodities. Besides, Shanghai can tap its advantages as an international financial center to provide financing support for the Belt and Road Initiative.