Yuefeng New Materials has achieved the first cross-border trade settlement in RMB
April 27, 2025
Recently, Yuefeng New Materials Co., Ltd. successfully completed its first cross-border settlement of export trade in RMB, marking an important step forward for the company on its path of international development. The smooth operation of this business not only brings tangible benefits to the company, but also makes a positive contribution to breaking through the limitations of the CHIPS (US Dollar Cross-border Settlement System).
It is learned that the amount of this cross-border trade RMB settlement business exceeds 10 million yuan, and the transaction counterparty is an important client in Southeast Asia. In the past, the company mainly used foreign currencies such as the US dollar for settlement in international trade. Exchange rate fluctuations brought considerable exchange risks and cost pressures to the company. This time, the adoption of cross-border settlement in RMB has effectively avoided exchange rate risks, reduced exchange links, lowered transaction costs, and improved the efficiency of fund utilization.
The sales director of Yuefeng New Materials Company said, "Cross-border settlement in RMB saves exchange costs and also makes the settlement process simpler and faster." It has not only enhanced our competitiveness in the international market, but also laid a more solid foundation for our future international development.
Yuefeng New Materials Co., Ltd. successfully achieved its first cross-border trade settlement in RMB, marking a significant breakthrough in the company's own international development. It also reflects the increasing acceptance of the RMB in the international market. In the future, Yuefeng New Materials Company plans to intensify its efforts to expand into the international market, deepen cooperation with global customers, and actively explore more trade opportunities settled in RMB. Meanwhile, the enterprise will continuously enhance its innovation capabilities and product competitiveness, providing customers with higher-quality aluminum profiles, aluminum die-casting and aluminum sheet and strip products and services, and demonstrating the strength and responsibility of Yuefeng Company in the global aluminum processing industry.
