The amount of RMB cross-border capital flow in ASEAN countries exceeds 4 trillion yuan_Securities Times

According to the Guangxi Daily News, on December 21, the “Report on the Use of Renminbi in ASEAN Countries in 2021” compiled by the Guangxi Institute of Finance was officially released. This is the second time Guangxi has compiled the report after 2020. The “Report” shows that in 2020, China-ASEAN renminbi cross-border receipts and payments will rise against the trend, and the total amount of renminbi cross-border capital flows in ASEAN countries will reach 4.15 trillion yuan, a year-on-year increase of 72.4%. The level of China-ASEAN bilateral currency cooperation continues to improve. As of the end of 2020, the bilateral currency swap agreements signed by China and ASEAN countries amounted to 756 billion yuan, including Malaysia, Thailand, Singapore, Indonesia and Laos.