Zhu Hexin: Will promote the policy of integrating the funds of multinational companies in both domestic and foreign currencies nationwide.
At the opening ceremony of the 2025 Lujiazui Forum, Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated that they will actively introduce a number of supportive policies to help stabilize employment, businesses, markets, and expectations. Various measures will be taken to support the development of foreign trade enterprises, including implementing trials to expand high-level opening up of cross-border trade, encouraging banks to include more new trade entities in trade facilitation policies, and promoting cross-border investment and financing facilitation. They will also implement measures to enhance the ease of cross-border financing for technology-driven enterprises, reduce restrictions on the use of capital project income, promote the integration of domestic and foreign currency fund pools for multinational companies, pilot green debt policies, improve the management of funds for domestic companies listing overseas, and allocate new investment quotas for qualified domestic institutional investors. Ten facilitation policies will be implemented in the pilot free trade zones, including optimizing new international trade settlement methods and expanding the pilot program for qualified foreign limited partners, actively supporting the strategic development of free trade pilot zones.
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