跨境金融试点密集落地 “双循环”注入新动能

Group 1 - The Hainan Free Trade Port's cross-border asset management pilot officially launched, enhancing cross-border investment and financing convenience, supporting high-quality development of the real economy, and injecting new momentum into the "dual circulation" strategy [1] - The pilot program allows foreign investors to explore new channels for investing in China's financial products, enriching the options for RMB asset allocation, while also expanding the client base for domestic asset management institutions [1] - The initial pilot scale is capped at 10 billion yuan, indicating a significant opportunity for both domestic and foreign asset management institutions to engage in the Hainan Free Trade Port [1] Group 2 - The State Administration of Foreign Exchange (SAFE) announced the launch of green foreign debt business pilots in 16 provinces and cities, encouraging non-financial enterprises to use cross-border financing for green or low-carbon transformation projects [2] - This pilot policy reflects the optimization of fund management for domestic enterprises listed abroad, aiming to facilitate cross-border investment and financing [2] - SAFE's director emphasized the importance of improving fund management policies for domestic enterprises and streamlining the process for repatriating raised funds back to China [2] Group 3 - Local governments are actively promoting cross-border investment and financing facilitation, with initiatives such as integrated currency pools and digital RMB cross-border settlements to support SMEs and new trade formats [3] - Efforts are being made to enhance the financing of green projects and to advance Qualified Domestic Limited Partner (QDLP) and Qualified Foreign Limited Partner (QFLP) pilot programs [3] - Hunan province is focused on implementing measures to facilitate cross-border trade financing and improving the digital service level for capital project business [3]