Jin Rong Shi Bao·2025-12-11 02:20Core Viewpoint - The People's Bank of China has implemented a financial reform policy to enhance the functionality of free trade accounts, marking a significant step towards facilitating cross-border trade and investment [1] Group 1: Policy Implementation - On December 5, the first business transaction under the new policy was successfully executed by the Industrial and Commercial Bank of China (ICBC), providing cross-border RMB lending for an advanced manufacturing enterprise [1] - The funds from this transaction will be used for purchasing goods domestically, enabling the cross-border flow of RMB [1] Group 2: Free Trade Account Upgrade - The new policy is based on the "Implementation Measures for the Upgrade of Free Trade Account Functions in the Shanghai Free Trade Pilot Zone," which enhances the existing FT account system [1] - The core of the upgrade allows qualified enterprises to manage cross-border funds freely while implementing moderate quota management in the "second line" [1] Group 3: Financial Service Efficiency - ICBC's Shanghai branch utilized a "no-review" method for cross-border debt under capital projects, achieving payment and settlement simultaneously [1] - This approach significantly improves the efficiency of cross-border financial services in the Shanghai Free Trade Zone [1]