Recently, Bank of China successfully hosted a forum titled "Invest in China, Link to Global Trade" in Serbia to promote the international use of the Renminbi.
The event was attended by over 120 guests, including representatives from the Chinese Embassy in Serbia, the National Bank of Serbia, the Ministry of Finance, the Development Agency, as well as business chambers, enterprises, and leading financial institutions from both countries.
This event marks the second stop of Bank of China's 2026 global roadshow series for Renminbi internationalization, aiming to establish a platform for communication and cooperation among Chinese and Serbian financial institutions, enterprises, and relevant government departments, thereby further promoting bilateral economic and trade exchanges and financial market connectivity.
At the event, professionals from the governments, financial sectors, and business communities of both nations engaged in discussions and shared insights on topics such as Renminbi trends, the high-level opening of China's capital markets, the facilitation of cross-border trade and investment financing, and the development of the global payment and settlement system.
These discussions provided a broader perspective and reference for Chinese and Serbian enterprises and financial institutions in the fields of cross-border operations and financial cooperation.
Bank of China's Serbian subsidiary was established in 2017 and is the first and only Chinese-funded bank in the country.
In December 2023, authorized by the People's Bank of China, Bank of China became the sole designated Renminbi clearing bank in Serbia.
In recent years, the Serbian subsidiary has continuously expanded the application scenarios for the Renminbi in cross-border trade settlement, investment and financing activities, and financial markets, effectively enhancing the currency's international influence.
Bank of China will further leverage its global advantages to develop more application scenarios for Renminbi internationalization, helping to increase the usage of the Renminbi in Serbia and Central and Eastern Europe, and contributing greater strength to promoting economic and trade exchanges between China and Serbia, as well as between China and Europe, and to the high-quality joint construction of the Belt and Road Initiative.
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