China's RMB cross-border payments post steady growth in Q2: report
The business volume and transaction value of cross-border payments made in renminbi (RMB) maintained strong expansion levels in the second quarter of the year, a central bank report shows.
During the period, over 1.01 million transactions were handled through China's RMB cross-border payment system, surging 25.34 percent year-on-year, according to the People's Bank of China.
The total value of these transactions was 22.85 trillion yuan ($3.29 trillion), up 19.39 percent from the same period last year, the report said.
Some 16,300 transactions on average were processed daily in the period, with a transaction value of about 368.53 billion yuan.
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