On October 13, 2011, the People's Bank of China promulgated the Measures for Administration of RMB Settlement Business in Relation to Foreign Direct Investment (the People's Bank of China Circular [2011] No. 23) (the “Measures”), to regulate the RMB settlement business operated by financial institutions in the banking industry in relation to foreign direct investment. On June 14, 2012, PBOC promulgated the Notice of Clarified Operating Rules on RMB Settlement Business in Relation to Foreign Direct Investment (Yin Fa [2012] No. 165) (the “Operating Rules”) to further clarify the rule in relation to the Measures. This article introduces and summarizes these operating rules.