As China's most internationalized large state-owned bank, Bank of China is committed to providing customers with the best cross-border RMB products and services. It continually leads in cross-border RMB marketing by offering professional policy interpretation and technical support, helping customers better capture the substantial business opportunities arising from internationalization of RMB. Following the release of the Bank of China White Paper on Cross-Border RMB Business (2013) in July 2013, BOC officially launched the BOC cross-border RMB index (CRI), to the global market on Sept 20 of that year.

Key Features of the Index

Distinctive perspective: Unlike other market indexes, generally constructed from the perspective of monetary functions, the CRI is constructed from the perspective of the currency's circulation process, revealing the dynamics of cross-border RMB circulation and use from a different angle.

Rigorous structure: The index is composed of three closely linked components — RMB cross border outflow, overseas circulation, and cross-border inflow — and relies entirely on flow indicators, ensuring strong logical consistency in its architecture.

Comprehensive coverage: The indicators span all current-account items as well as representative capital-account and overseas-circulation items, providing broad coverage and a holistic reflection of the activity level of the cross-border and overseas RMB use.

Clear guidance: Changes in BOC's CRI can be divided into the constituent indicators in the three categories — outflow, overseas circulation, and inflow — thereby providing clear guidance for enhancing cross-border RMB use.

Intuitive interpretation: The index enables various year-on-year and month-on-month comparisons, revealing trends in the level of the cross-border RMB circulation and use over different periods of time.