Summary
Bank of China held the third stop of its 2026 Global RMB Internationalisation Roadshow in New Zealand, attracting over 100 attendees. The event focused on financial connectivity in the South Pacific,
promoting cross-border settlement, investment and financing in RMB,
and signed cooperation agreements with leading local financial institutions.
Commentary
RMB cross-border settlement reduces exchange costs, but SMEs must assess liquidity and exchange rate risks of RMB receipts. Large firms like Fonterra have already adopted it;
the new agreements broaden local service channels. SMEs engaged in trade with China can consult banks to explore the feasibility of pricing contracts in RMB.
Keywords: RMB internationalisation, Bank of China, roadshow, New Zealand, South Pacific, cross-border settlement, financial cooperation, agreement signing, panda bonds, connectivity
Source: Sina
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