上海临港新片区简化跨境人民币结算 优质企业先行先试 - 2020年03月06日

The Lingang Special Area issued details on Thursday to enable banks to provide cross-border yuan settlement for “quality companies,” which will allow qualified enterprises in Lingang to use the yuan to settle cross-border transactions.
Banks can facilitate cross-border yuan settlement for Lingang-based enterprises with a good business performance, mainly in the fields of integrated circuits, artificial intelligence, biomedicine, aerospace, new energy and intelligent vehicles, smart manufacturing, high-end equipment and other key sectors.
Qualified companies do not need to submit paperwork in advance as proof of transactions in line with the new policies.