Core Viewpoint - The recent upgrade of the Free Trade Account functions in the Shanghai Free Trade Zone marks a significant enhancement in the level of facilitation and liberalization for cross-border trade and investment [1][2] Group 1: Implementation and Impact - The upgrade pilot has been officially implemented, allowing for unrestricted fund transfers within the business scope of enterprises and outside the negative list, with simplified processes for foreign debt and cross-border payments [2] - HSBC China has successfully opened a function-upgraded Free Trade Account for a multinational enterprise in the Shanghai Free Trade Zone, becoming one of the first banks to complete this after the pilot implementation [1] - The new policy is expected to significantly improve the convenience of capital project fund allocation, promoting efficient settlement and circulation of domestic and foreign funds around the real economy [1][2] Group 2: Strategic Importance - The pilot program is seen as a foundational innovation for cross-border fund settlement for foreign-invested enterprises in China, potentially attracting more multinational corporations to use Shanghai and the Free Trade Zone as their financial operation and management center in China and the Asia-Pacific region [1][2] - HSBC China has been a pioneer in the Free Trade Account pilot since its inception in 2014, leading in services such as offshore financing and full-function fund pools under the Free Trade Account [2]
汇丰中国成为首批参与上海自贸账户功能升级试点外资银行 试点实施后首批完成企业账户开立的银行之一
Di Yi Cai Jing·2025-12-10 06:39