Bank of China (BOC) held a forum on cross-border renminbi settlement, investment, and financing in Lima, Peru, in September 2025.

As the 10th stop in the 2025 global roadshow for RMB international use, the event brought together over a hundred representatives from the Chinese Embassy in Peru, Peru's Ministry of Economy and Finance, Peru's central bank, Peru's financial regulatory authority, and key local business associations, financial institutions, and enterprises.

The event focused on market opportunities between China and Peru, emphasizing the expansion of RMB usage in bilateral trade and economic exchanges, as well as across Latin America. It also presented application scenarios for cross-border RMB investment, financing, and payment settlements in line with current market dynamics.

The forum also analyzed RMB exchange rate trends and hedging instruments, offering insights into the international use of the RMB and the latest advancements in financing products.

Since the establishment of BOC's subsidiary in Peru in 2020, BOC has been committed to providing high-quality and efficient financial services to Chinese enterprises expanding overseas and local Peruvian businesses. Notably, its financing for Peru's Chancay Port — a key Belt and Road cooperation project — was highlighted in the achievements of the Third Belt and Road Forum for International Cooperation.

In 2025, BOC was awarded the "Best Renminbi Bank" in Peru by The Asset, which was the first time it has received this honor in Peru, reflecting strong recognition from the local market for its financial products and services.

Bank of China will continue to serve as a key channel for cross-border RMB transactions. By providing a comprehensive package of RMB financial servicesthat include clearing, settlement, trading, financing, and investment, BOC will support closer China-Peru relations.