近期将发布境内企业境外上市资金管理等政策

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange are committed to implementing reforms in the foreign exchange sector, enhancing convenience, openness, security, and intelligence in foreign exchange management systems [1][2] Group 1: Policy Enhancements - The foreign exchange policy system will be improved to promote a "more convenient" approach based on trust, with the number of enterprises able to conduct business with instructions increasing over five times since the end of 2020 [1] - Nine new policy measures will be introduced to enhance trade facilitation, including expanding the scope of high-level open pilot programs for cross-border trade and optimizing foreign exchange fund settlements for new trade entities [1] Group 2: Institutional Opening - There will be a high-level institutional opening in the foreign exchange sector, focusing on the internationalization of the Renminbi and high-quality capital account opening, with reforms in direct investment, cross-border financing, and securities investment [1] - A package of policies for cross-border investment and financing was launched in September, with upcoming policies for integrated currency pools for multinational companies and management of funds for domestic companies listed overseas [1] Group 3: Risk Management and Regulatory Enhancements - The foreign exchange market will adopt a "macro-prudential + micro-regulation" management approach, utilizing AI and big data for smart regulation and enhancing monitoring of cross-border capital flows [2] - The State Administration of Foreign Exchange will support innovative foreign exchange policies in Beijing, promoting high-level open pilot programs for cross-border trade and investment [2]