聚焦贸易便利化 中国将新出台9条政策措施

Core Viewpoint - The People's Bank of China (PBOC) is set to introduce nine new policy measures aimed at enhancing trade facilitation and expanding the scope of cross-border trade and settlement, while ensuring a secure and open foreign exchange management system [1][2]. Group 1: Policy Measures - The new policies will focus on expanding the pilot scope for high-level cross-border trade openness and optimizing foreign exchange fund settlements for new trade entities [1]. - Specific measures include improving the foreign exchange policy system that rewards integrity, promoting high-level institutional openness in the foreign exchange sector, and enhancing regulatory and risk prevention capabilities under open conditions [1][2]. Group 2: Recent Developments - In September, a comprehensive policy package for cross-border investment and financing was launched, with upcoming policies for multinational companies' integrated currency pools and management of domestic companies' overseas listing funds [2]. - The PBOC will implement integrated foreign exchange management reforms in free trade pilot zones to foster a new phase of autonomous opening [2]. Group 3: Regulatory Enhancements - The PBOC emphasizes a dual management approach of "macro-prudential + micro-regulation" in the foreign exchange market, utilizing AI and big data for smart regulation [2]. - There will be a focus on enhancing monitoring and early warning systems for cross-border capital flows to effectively prevent external risk shocks [2].