On October 12, Chinese Ambassador to Romania Chen Feng attended and addressed the RMB Internationalization Forum co-hosted by the Romanian-Chinese Enterprise Association and the Bucharest Branch of Bank of China. Representatives from Romania’s political and business sectors, financial institutions, and Chinese-invested enterprises in Romania, among others, attended the event.

Ambassador Chen Feng gave an overview of China-Romania relations, particularly bilateral cooperation in the economic, trade, and financial fields. He stated that during the “15th Five-Year Plan” period, China will continue to advance RMB internationalization, expand the role of the RMB in international trade and investment, develop offshore RMB markets, and improve the cross-border RMB payment system. Further progress in the international use of the RMB will provide more options and greater convenience for cooperation between Chinese and Romanian enterprises, and provide stronger support for deepening financial connectivity and boosting China-Romania economic and trade development.