Core Viewpoint - The establishment of the "Opinions on Financial Support for Accelerating the Construction of the Western Land-Sea New Corridor" reflects China's commitment to high-level financial openness and aims to enhance financial services along this critical trade route [1][2]. Group 1: Key Highlights of the Opinions - The "Opinions" propose 21 key measures across six areas, including improving organizational collaboration, enhancing financial connectivity, optimizing cross-border payment convenience, supporting digital transformation in finance, promoting financial openness, and strengthening financial risk prevention [2]. - The document emphasizes regional collaborative development, innovative institutional openness, digital empowerment, and leadership in openness as its four main highlights [2]. Group 2: Implementation and Local Efforts - Local authorities, such as the Chongqing government, are committed to enhancing financial services for the corridor through improved mechanisms, cooperation, service focus, and digital empowerment [3]. - Chongqing plans to establish a financial service center for the corridor, aiming to facilitate cooperation among financial institutions and enhance service quality [3]. Group 3: Support from Financial Regulatory Bodies - Various financial regulatory bodies have introduced measures to support the corridor, including the development of railway transport financial services and encouraging integration of domestic and foreign trade [5]. - The China Securities Regulatory Commission is actively supporting IPOs and refinancing for companies along the corridor, with over 650 A-share listed companies in the region [5]. Group 4: Cross-Border Financial Services - The State Administration of Foreign Exchange is focusing on building cross-border financial service platforms, with Chongqing's platform having served over 800 enterprises and facilitated nearly $60 billion in financing [6]. - The People's Bank of China in Chongqing has implemented eight key initiatives to support the corridor, including the establishment of a financial service center and innovative financing tools [6].
金融“活水”涌向西部陆海新通道 21条举措助力对外开放新格局
Xin Hua Cai Jing·2025-12-25 14:06