FINANCIAL STREET(SZ:000402) Xin Hua Cai Jing·2025-12-25 14:00Core Viewpoint - The National Foreign Exchange Administration has introduced five measures to enhance cross-border settlement efficiency and reduce trade settlement costs for enterprises along the Western Land-Sea New Corridor [1] Group 1: Cross-Border Trade Settlement - The focus is on creating a more trustworthy and convenient foreign exchange service environment for cross-border trade [2] - Measures include encouraging enterprises to join high-level cross-border trade pilot programs, supporting multinational companies in integrated fund pool operations, and facilitating new trade models like market procurement and cross-border e-commerce [2][3] - Banks are supported to assist quality enterprises in handling compliant offshore trade cross-border fund settlements [2] Group 2: Cross-Border Investment and Financing - The administration aims to simplify business processes and broaden financing channels for enterprises along the corridor [2] - In the "bringing in" aspect, it cancels preliminary fee registration for foreign direct investment and optimizes reinvestment processes for foreign-invested enterprises [2] - For the "going out" aspect, it relaxes limits on preliminary expenses for overseas direct investment and supports advantageous industries in expanding international markets [3] Group 3: Digital Empowerment - The administration promotes the co-construction and sharing of cross-border financial service platforms in the corridor [3] - Currently, 13 scenarios have been applied in the "13+2" provinces, with Chongqing having a dedicated scenario that has served over 800 enterprises, facilitating nearly $60 billion in financing settlements [3][4] - Future plans include enhancing national scenarios, supporting local innovations, and replicating successful models in other regions [4]