工行、农行、中行、建行、交行、汇丰中国、花旗中国等率先落地！

Core Viewpoint - The implementation of the "Shanghai Free Trade Zone Free Trade Account Function Upgrade Implementation Measures (Trial)" on December 5 aims to enhance the cross-border trade and investment liberalization and facilitation levels in the Shanghai Free Trade Zone [1] Group 1: Bank Participation - Major Chinese banks including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, along with foreign banks like HSBC China and Citibank China, successfully completed business operations on the same day the trial measures were implemented [1] - Industrial and Commercial Bank of China processed its first cross-border RMB loan for an advanced manufacturing enterprise using the upgraded free trade account, facilitating cross-border fund flow [2] - Agricultural Bank of China completed two upgraded free trade account transactions for a leading semiconductor manufacturing enterprise, significantly improving fund transfer efficiency by allowing transactions based solely on payment instructions [3] Group 2: Business Operations - Bank of China assisted five enterprises in directly processing various transactions under the upgraded free trade account, covering industries such as semiconductor, petrochemical, and automotive [4] - China Construction Bank enabled multiple key enterprises to upgrade their free trade account functions, enhancing cross-border payment efficiency and supporting global operations [5] - Bank of Communications focused on selecting multinational corporate groups for the trial, ensuring compliance and assessing the overall operational capabilities of the enterprises involved [6] Group 3: Foreign Bank Initiatives - HSBC China opened an upgraded free trade account for a multinational enterprise in the Shanghai Free Trade Zone, emphasizing the multiplier effect of the new policy on cross-border trade and investment [8] - Citibank China established upgraded free trade accounts for four corporate clients, highlighting its commitment to supporting China's financial market opening [8]