Core Viewpoint - The recent release of the "Opinions on Financial Support for Accelerating the Construction of the Western Land-Sea New Corridor" emphasizes the role of financial services in enhancing the development of this corridor, which connects various economic regions and promotes a dual circulation economy [1][2]. Financial Support Measures - The People's Bank of China and eight other departments have proposed 21 key financial support measures aimed at enhancing the financing and settlement functions to support the high-quality development of the Western Land-Sea New Corridor [1][2]. - The measures focus on regional collaborative development, addressing common financing needs while allowing for tailored financial services based on local conditions [2]. Digital Empowerment and Logistics - The opinions highlight the integration of logistics and financial services, particularly through the enhancement of digital capabilities, which will convert data into effective financial services [2]. - There is encouragement for local governments to deepen pilot programs for railway transport document financial services, which align with the corridor's development goals [2]. Capital Market Contributions - In the first 11 months of this year, the Shanghai and Shenzhen stock exchanges supported four initial public offerings (IPOs) for corridor-related companies, raising nearly 7 billion yuan, and facilitated refinancing for 17 companies, raising about 25 billion yuan [3]. - The China Securities Regulatory Commission plans to continue reforms in the capital market to support various financing tools, enhancing the service capabilities for the corridor's construction [3]. Foreign Exchange Policy Enhancements - The opinions aim to create a more convenient, open, secure, and intelligent foreign exchange policy environment to improve cross-border settlement efficiency and reduce trade settlement costs [3]. - The State Administration of Foreign Exchange has optimized processes for foreign investment and relaxed restrictions on overseas direct investment to facilitate participation in corridor construction [3]. Implementation and Coordination - Local governments, such as Chongqing, are developing financial service center plans to enhance cooperation among financial institutions along the corridor, ensuring effective implementation of the proposed policies [5].
加快西部陆海新通道建设,金融如何发力支持?
Xin Hua Wang·2025-12-25 14:57