Di Yi Cai Jing·2025-08-20 02:08Core Insights - The establishment of the Lingang New Area in Shanghai Free Trade Zone marks its sixth anniversary, with significant regulatory and policy support aimed at enhancing cross-border financial services and FT account functionalities [1] Group 1: Financial Innovation and Support - The introduction of local regulations specifically for FT account business development and action plans by financial regulatory authorities and the Shanghai government aims to boost the international financial center's construction [1] - China Bank's Shanghai branch has actively engaged in over 70 financial innovation projects within the free trade zone, enhancing the convenience of cross-border trade financing [1] Group 2: Efficient Resource Allocation - A multinational group in the testing industry successfully established a fully functional cross-border RMB cash pool through China Bank's Shanghai branch, significantly improving cross-border payment and financing efficiency [2] Group 3: Cost Reduction and Efficiency Enhancement - China Bank's Shanghai branch developed a convenient solution for non-resident clients to streamline cross-border settlement processes, improving efficiency and reducing management costs for an overseas internet platform company [3] Group 4: Support for Global Expansion - A domestic private energy company successfully completed a wind power project in Kazakhstan, utilizing RMB pricing to mitigate exchange rate risks, supported by China Bank's Shanghai branch through structured financing [4] Group 5: Financial Market Development - China Bank's Shanghai branch customized a comprehensive FT account service system for an international reinsurance business platform, facilitating the first cross-border transaction and enhancing settlement efficiency [5] - The bank has established account cooperation with 70% of newly set up insurance institutions in the Lingang New Area, promoting innovative cases for the international reinsurance registration and trading center [5]