Jin Rong Shi Bao·2025-06-26 01:47Group 1 - The construction of Shanghai International Financial Center is a significant decision by the central government, aimed at promoting high-quality financial development and enhancing national competitiveness [1][2] - Recent policy documents have been released to support the acceleration of Shanghai's international financial center construction, indicating a new phase of quality improvement [1][2] - The establishment of the international financial center is expected to enhance international financial influence and optimize resource allocation, making Shanghai a hub for global financial activities [2] Group 2 - The People's Bank of China and other regulatory bodies have issued an action plan to enhance cross-border financial service facilitation, which is crucial given the changing external environment [4] - The action plan includes measures for cross-border settlement, exchange rate hedging services, and comprehensive financial services, aimed at creating a favorable business environment for foreign trade enterprises [4] - Financial institutions are developing tailored work plans to support the construction of the international financial center and assist enterprises in expanding overseas [4][7] Group 3 - Banks like Bank of Communications are committed to enhancing financial support for enterprises going abroad, which is vital for increasing the competitiveness of the Shanghai International Financial Center [7] - The bank is improving cross-border settlement efficiency and utilizing digital solutions such as blockchain technology to facilitate trade document processing [7] - Shanghai Pudong Development Bank is also innovating financial service models to meet the cross-border needs of enterprises, providing comprehensive financial solutions [8]