Zhu Hexin: Further improvement of the convenience level of cross-border investment and financing.

Zhu Hexin, deputy governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, said at a press conference of the State Council Information Office that the facilitation of capital account transactions has been promoted and nearly $300 billion worth of related business has been conducted since the 14th Five-Year Plan. Policies to facilitate cross-border financing for science and technology innovation enterprises have been upgraded and promoted, increasing the borrowing limit for high-tech enterprises, "specialized, sophisticated and innovative" enterprises, and technology-oriented small and medium-sized enterprises. The application scenarios of cross-border financial service platforms have been enriched, assisting nearly 160,000 enterprises, with outbound payments exceeding $2.4 trillion and financing exceeding $430 billion, of which 70% are small and medium-sized enterprises. Recently, we have introduced 9 comprehensive facilitation policies covering cross-border investment, financing, and capital account transactions, and will strengthen policy tracking and evaluation in the future to provide tangible convenience for enterprises.