China's central bank has ramped up support for renminbi settlement in new forms and models of foreign trade, in order to better serve the real economy and facilitate trade and investment.

中国人民银行近日印发相关通知，进一步发挥跨境人民币结算业务服务实体经济、促进贸易投资便利化的作用，支持银行和支付机构更好服务外贸新业态发展。

Effective July 21, the new policies will provide better financial services for trade companies, guide the healthy development of new trade models, and help stabilize the economy, according to the central bank.
人民银行相关人士介绍，通知自2022年7月21日起实施。人民银行将稳步推进相关政策落地实施，为外贸新业态市场主体提供良好的配套金融服务，支持和引导外贸新业态新模式健康持续创新发展，助力稳定宏观经济大盘。