报告：中国离岸金融指数微升0.31%，结构优化特征显现

Core Insights - The "China Offshore Financial Index Report (2024-2025)" indicates a slight increase of 0.31% in the index compared to 2023, reflecting a stabilization and recovery phase after previous fluctuations [1][3] - The report highlights a structural feature of "four increases and one decrease" in the offshore financial landscape, with notable growth in offshore bond issuance and cross-border RMB transactions [1][3] Group 1: Key Metrics - Offshore bond issuance increased by 3.04% year-on-year [1][3] - Offshore trade settlement volume rose by 1.28% [1][3] - Cross-border RMB payment volume exceeded 35 trillion yuan, marking a 14% year-on-year growth [1][3] - The comprehensive tax rate in free trade pilot zones decreased to 8.63% [1][3] - The proportion of traditional offshore deposit and loan business has declined [1][3] Group 2: Future Development Directions - The report outlines three main areas for high-quality development in China's offshore finance: deepening institutional opening, enhancing financial infrastructure and risk prevention, and strengthening cooperation between Shanghai and Hong Kong [2][4] - The internationalization of the RMB will be a key focus, expanding its functions in pricing, settlement, and investment financing, along with accelerating the global node layout of the Cross-Border Payment System (CIPS) [2][4] - Multiple factors are expected to influence the development of offshore finance during the 14th Five-Year Plan period, including geopolitical changes and the evolving role of the RMB as an international and reserve currency [2][4]