上海自贸账户“升级版”落地 多家外资银行抢先布局

Group 1 - The Shanghai Free Trade Zone (FTZ) has officially launched an upgraded pilot program for Free Trade Accounts (FT Accounts), enhancing the level of cross-border trade and investment liberalization and facilitation [1] - The upgraded FT Account allows for unrestricted fund transfers within the business scope of enterprises and outside the negative list, as well as simplified processes for foreign debt and cross-border payments, making interactions with foreign funds more convenient [1] - Several foreign banks, including HSBC China and Citibank China, have quickly implemented the new policy, opening upgraded FT Accounts for multinational and domestic enterprises, demonstrating their commitment to financial innovation in the Shanghai FTZ [2][3] Group 2 - HSBC China has successfully opened an upgraded FT Account for a multinational enterprise in the Shanghai FTZ, highlighting the policy's potential to significantly enhance the convenience of capital project fund transfers [2] - Citibank China has also opened upgraded FT Accounts for clients from various industries, showcasing its determination to provide flexible and efficient cross-border financial solutions for global business development [2][3] - The upgraded FT Account is expected to create a multiplier effect for the liberalization and facilitation of cross-border trade and investment, benefiting enterprises by improving the efficiency of capital allocation [2]