Core Insights - The financial operation in Zhejiang Province shows stability in total volume, improved structure, reduced costs, and enhanced quality and efficiency, supporting high-quality economic development [1] Financial Volume Growth - As of June, the total deposits in Zhejiang reached 24.34 trillion yuan, a year-on-year increase of 7.7%, with an addition of 1.39 trillion yuan since the beginning of the year [2] - The total loans in the province amounted to 25.34 trillion yuan, growing by 9.0% year-on-year, which is 2.2 percentage points higher than the national average, with an increase of 1.56 trillion yuan since the start of the year [2] - The new social financing scale in the first half of the year was 1.90 trillion yuan, an increase of 211.3 billion yuan year-on-year [2] Credit Support in Key Areas - The People's Bank of China in Zhejiang has set up a special quota of 20 billion yuan for agricultural and small business loans, leading to over 200 billion yuan in loans for foreign trade, consumption, and technological innovation, benefiting over 1 million market entities [3] - The province's technology service loans increased by 20.4% year-on-year, with the amount approved for technology innovation and transformation loans ranking second nationwide [3] - There are 107 projects from listed companies in the province applying for stock repurchase loans as of June [3] Cross-Border Trade and Investment - Zhejiang's foreign trade import and export reached 2.73 trillion yuan in the first half of the year, a year-on-year increase of 6.6%, with exports contributing 2.07 trillion yuan, up 9.1% [4] - The People's Bank of China has optimized cross-border financial services, supporting 56,000 cross-border e-commerce businesses, with a 16% year-on-year increase in online and offline market procurement [4] - Nine companies have implemented cross-border integrated currency pool business, achieving cross-border receipts and payments of 5.1 billion USD [4] Foreign Exchange Service Enhancement - The guarantee ratio for foreign exchange services has been increased from 8% to 10%, saving companies over 1.7 billion yuan in costs [5] - The foreign exchange hedging ratio in the province reached 24.5%, an increase of 7.3 percentage points compared to 2024, with 9,204 new clients [5] - A new digital service program, "Zhijiang Easy Exchange," is set to launch, enhancing the digital and intelligent level of foreign exchange services [5] Cross-Border RMB Business - The province's cross-border RMB settlement reached 1.22 trillion yuan in the first half of the year, with significant growth in various sectors [6] - Cross-border RMB settlements for bulk commodities increased by 11.4% year-on-year, while settlements related to the Belt and Road Initiative and ASEAN grew by 10.4% and 24.9%, respectively [6] - New foreign trade business types saw a 38.3% year-on-year increase in cross-border RMB settlements [6]

近日，一位外籍友人走进农行济南历下玉兰广场支行办理美元兑换业务。面对语言沟通的差异与跨境金 融服务的需求，该支行员工凭借专业的素养与热情的态度，提供高效、顺畅的服务体验，赢得了客户的 由衷赞赏。 此次成功服务外籍客户办理美元兑换业务，充分展现了农行济南历下玉兰广场支行在跨境金融服务方面 的专业水准与"客户至上"的服务理念。以过硬的业务能力、主动的服务意识和良好的沟通技巧，有效化 解了语言带来的服务障碍，确保了客户享受到与国内客户同等便捷、高效的金融服务体验。 农行济南历下玉兰广场支行将持续提升服务国际化水平，优化业务流程，致力于为包括外籍人士在内的 所有客户提供更加优质、高效、有温度的金融服务，用实际行动擦亮农行服务品牌，助力营造省会济南 开放、包容、便利的国际化营商环境。 当外籍客户进入网点，大堂经理第一时间上前询问了解需求。得知客户需兑换美元后，迅速引导至专属 柜台。办理过程快速、简洁。业务办理完成后，外籍客户微笑着竖起大拇指，连连道谢。 ...

Core Viewpoint - Industrial Bank has established two key international business branches in Xiamen, focusing on enhancing services for foreign trade enterprises and supporting the city's goal of becoming a new development hub [1] Group 1: International Business Branches - The first batch of 34 "Key International Business Branches" includes Xiamen's Xiangyu and Guanyinshan branches, which have been officially inaugurated [1] - These branches are strategically located in Xiamen's core business districts and aim to optimize service efficiency for over a hundred import-export foreign trade enterprises [1] Group 2: Xiangyu Branch Focus - Xiangyu Branch is situated in the core area of Xiamen Free Trade Zone, adjacent to key logistics hubs like Xiangyu Bonded Zone and Xiamen Port, primarily serving import-export trade and shipping logistics companies [2] - The branch has implemented significant initiatives such as the first CIPS (Cross-border Interbank Payment System) standard sender-receiver in the province and the first multilateral central bank digital currency bridge in Xiamen, enhancing cross-border payment efficiency [2] - It offers a comprehensive range of financial services tailored to the shipping industry, including direct payment for shipping receipts and rapid payment for domestic and foreign freight [2] Group 3: Guanyinshan Branch Focus - Guanyinshan Branch is located in the International Business Operations Center, attracting numerous well-known enterprises and emerging technology companies, thus supporting Xiamen's headquarters economy [3] - The branch provides personalized financial services to multinational corporations, high-end manufacturing, and technology companies, leveraging the advantages of a comprehensive cross-border account system [3] - It aims to facilitate the global expansion of local enterprises by offering a one-stop cross-border financial service platform, including cross-border settlement, trade financing, and global fund management [3]

1. 双币种融资方案：提供人民币+外币的灵活融资组合 2. 跨境风险管控：建立覆盖50个国家的风险评估体系 3. 本地化服务网络：在东南亚、非洲等重点区域设立属地化团队 4. 税务筹划服务：配备专业国际税务团队，优化企业跨境税负 累计支持200余个海外项目 跨境融资规模超80亿元 覆盖30多个"一带一路"沿线国家 项目平均审批效率提升40% 1. 未来三年新增5个海外办事处 2. 组建多语种专业服务团队 3. 开发智能化跨境金融服务平台 4. 重点布局新能源、基建等出海领域 狮桥融资租赁积极响应"一带一路"倡议，创新构建全球化金融服务体系。公司通过境内外联动、本外币协同的特色模式，为中国企业海外拓展提供全方位的 金融支持，成为中资企业出海的金融桥梁。 服务创新特色： 服务成果： 发展规划： 狮桥通过持续创新跨境金融服务模式，不仅助力中国企业成功出海，更推动了中国金融服务的国际化进程，展现了中资金融机构的责任担当。 ...

Core Viewpoint - Shanghai is accelerating its development as an international financial center, with China Construction Bank (CCB) playing a pivotal role in facilitating cross-border financial services and supporting both domestic enterprises going global and foreign enterprises entering the Chinese market [1][2]. Group 1: CCB's Strategic Initiatives - CCB signed a new strategic cooperation agreement with the Shanghai municipal government on September 11, 2024, establishing the "CCB Shanghai Global Financial Service Center" to enhance global financial service coordination [1]. - In just over six months, the center has successfully facilitated cross-border credit applications for 12 enterprises, totaling 27.9 billion yuan, with a credit balance for "going out" clients reaching 34.6 billion yuan by the end of Q1 2025, reflecting a growth of 1.8 billion yuan or 5.5% since September 2024 [1]. - The center has also engaged with 53 global Fortune 500 clients, expanding its service coverage and increasing the financing scale for 17 Fortune 500 clients to 168.7 billion yuan, a growth of 19 billion yuan or 13% since its inception [1]. Group 2: Support for Chinese Enterprises - CCB's Shanghai branch has integrated domestic and international resources to provide comprehensive support for Chinese enterprises' overseas investments, addressing regulatory challenges and facilitating efficient communication with foreign exchange management authorities [4][5]. - The bank successfully navigated regulatory hurdles for Baowu Steel Group's investment in the Simandou iron ore project in Guinea, ensuring smooth capital flow for the project [5]. Group 3: Collaboration with Foreign Enterprises - CCB has enhanced its collaboration with foreign enterprises, exemplified by its partnership with Brazil's Vale, which has seen significant growth in trade and financial services, including the issuance of a 150 million yuan customs guarantee [7][8]. - The bank's strategic dialogue with Vale has led to the establishment of international syndicate loans and regular loans, totaling 163 million USD and 187 million USD respectively, marking a significant advancement in their partnership [7][8]. Group 4: Future Outlook - CCB aims to leverage Shanghai's financial ecosystem to further support enterprises in going global, deepen relationships with key foreign enterprises, and enhance cross-border financial services [8]. - The bank plans to focus on four key areas: cross-border syndicates, treasury centers, trade finance, and innovative services for foreign financial institutions, aiming to strengthen its competitive edge in international business [8].

Core Viewpoint - The article highlights the successful secondary listing of Kangzheng Pharmaceutical Holdings Limited on the Singapore Exchange, facilitated by China Galaxy Securities, marking a significant milestone for the company and reflecting the growing trend of Chinese enterprises seeking opportunities in Southeast Asia amid complex international market conditions [2][5][6]. Group 1: Market Context - The international capital market environment has become increasingly complex, with geopolitical and regulatory uncertainties posing significant challenges for some Chinese concept stocks [3]. - Southeast Asia has emerged as a preferred destination for Chinese enterprises to expand overseas, driven by strong economic growth, market potential, and geographical advantages [3]. - The strategic value of capital markets is becoming more pronounced as Chinese companies transition from "product export" to "industrial chain export," leading to increased demand for cross-border financing and M&A services [3]. Group 2: Kangzheng Pharmaceutical's Strategy - Kangzheng Pharmaceutical aims to leverage its secondary listing in Singapore as a strategic pivot to deepen its presence in Southeast Asia [4]. - The company has established differentiated advantages in various therapeutic areas, including cardiovascular, central nervous system, digestive, skin, and ophthalmology since its initial listing in Hong Kong in 2010 [4]. - The listing is viewed as a critical milestone in the company's history, intended to accelerate its internationalization strategy and enhance its global footprint [5]. Group 3: Role of China Galaxy Securities - China Galaxy Securities has played a pivotal role in facilitating the secondary listing of Kangzheng Pharmaceutical, showcasing its capabilities in navigating complex regulatory environments and providing tailored financial services [6][7]. - The firm has a significant local presence in Southeast Asia, with over 2,000 employees and more than 70 researchers, enabling it to understand market nuances and regulatory requirements effectively [7]. - The successful listing of Kangzheng Pharmaceutical follows the previous success of another company, Helen's, indicating a replicable and sustainable model for supporting Chinese enterprises in their international expansion [8]. Group 4: Broader Financial Services - China Galaxy Securities has extended its services beyond IPOs and the Singapore Exchange, successfully assisting various companies in cross-border financing, mergers, and acquisitions [9][10]. - The firm has facilitated significant projects for diverse industries, demonstrating its comprehensive service capabilities in addressing complex financial needs for both Chinese and Southeast Asian enterprises [10]. - As the internationalization of Chinese enterprises accelerates, China Galaxy Securities is positioned to continue playing a crucial role in connecting these companies with global opportunities [11].

Core Insights - The successful implementation of the first domestic shipping fee "One-step Remittance" business by Industrial Bank's Shijiazhuang branch marks a significant breakthrough in optimizing cross-border financial services and empowering the real economy [1][2] - The new "One-step Remittance" feature automates data extraction and verification, reducing transaction time from approximately 1 hour to just 5 minutes, achieving an efficiency increase of 12 times [1] - The bank has developed various cross-border settlement products that address core pain points for enterprises, including direct shipping payment services and zero-cost salary exchange services [1] Company Strategy - The successful execution of the "One-step Remittance" business reflects the bank's commitment to responding to national policies aimed at optimizing cross-border financial services and deepening local market engagement [2] - The bank emphasizes a customer-centric approach and leverages technology as a core driver for enhancing service quality and efficiency [2] - Future plans include expanding the breadth and depth of business application scenarios to provide smarter and more personalized financial solutions for foreign trade enterprises in Hebei [2]

Core Viewpoint - The Hong Kong IPO market has regained its global prominence in the first half of 2025, driven by international capital interest and recovering confidence in the U.S. economy, while the U.S. IPO market continues its recovery trend. The company, aided by its comprehensive capabilities, has successfully completed multiple investment banking projects, including IPOs and bond underwriting in both markets [1]. Group 1: Hong Kong IPO Market - The Hong Kong IPO market has seen a significant increase in activity, with new stock fundraising reaching HKD 107.1 billion in the first half of the year, a sevenfold increase compared to the same period in 2024, marking the strongest record since 2021 [2]. - The company has played a crucial role in connecting mainland Chinese enterprises to international capital markets, assisting firms like Jiangsu Hongxin, Junda Co., and Paige Biopharma-B in their IPOs [2]. Group 2: Notable IPO Projects - The IPO of Paige Biopharma-B is one of the few in the Hong Kong market focusing on innovative therapies for chronic diseases, with a subscription rate of 743.78 times during the public offering, successfully listing on May 27 [4]. - Junda Co. became the first company in the photovoltaic industry to achieve a dual listing on both A-shares and H-shares, with overseas revenue accounting for 58% in Q1 2025, enhancing its global market expansion capabilities [5]. Group 3: U.S. IPO Market - The company has successfully assisted over ten enterprises from various regions, including mainland China, Hong Kong, Singapore, and the U.S., in achieving NASDAQ listings amid the ongoing recovery of the U.S. IPO market [6]. - The IPOs covered diverse sectors such as maritime technology, consumer services, healthcare, and renewable energy, showcasing the company's underwriting capabilities and investor network advantages [8]. Group 4: Bond Issuance - The company has demonstrated its comprehensive service capabilities in cross-border capital markets, extending its support to bond financing for local state-owned enterprises [13]. - Notable bond issuances include a RMB 874.7 million three-year senior unsecured bond with a coupon rate of 7.0% for Zibo City Linzi District Jiuhui Financial Holdings and a USD 60.57 million three-year senior unsecured offshore bond for Sichuan Huixing Industrial Investment [16][17]. Group 5: Future Outlook - The company aims to continue its focus on the Hong Kong market while expanding its international reach, assisting enterprises in achieving their international capital market goals in the second half of the year [17].

Group 1 - The seminar "Meeting with Hong Kong's Leading Venture Capital Institutions" attracted over 200 fintech entrepreneurs, venture capital leaders, and industry experts, injecting new vitality into Hong Kong's fintech ecosystem [1] - The event provided a valuable opportunity for startups and growth companies to connect with renowned venture capital leaders, who shared insights on market patterns and trends in Hong Kong, Southeast Asia, and the Middle East [1] - Hong Kong's unique advantages in fintech include a transparent regulatory system, a robust offshore capital market, and a reliable legal framework, making it an ideal launchpad for startups to expand regionally and globally [1] Group 2 - As of mid-2024, Hong Kong manages over $233.9 billion in private equity funds, making it the second-largest capital pool in the Asia-Pacific region, following mainland China [2] - Hong Kong continues to attract global capital as the largest hedge fund center in Asia and a cross-border wealth management hub [2] - The family office business in Hong Kong has flourished, with over 2,700 single-family offices operating and managing an increasing amount of assets [2] - The new capital investor entry program is expected to bring in over HKD 46.4 billion in investment, further solidifying Hong Kong's position as a premier international investment hub [2]

Core Points - The Bank of China Beijing Branch has partnered with Alipay to launch a centralized tax refund service for international tourists in Beijing, allowing them to receive refunds instantly through Alipay [1][3] - The service enables tourists to use features like "tap" or "scan" to process tax refunds, enhancing their shopping experience by allowing refunds to be transferred directly to their Alipay wallets [3][4] - Since the launch of the centralized refund model, over 200 transactions have been processed for tourists from more than 30 countries and regions [4] Summary by Sections Partnership and Service Launch - The collaboration between the Bank of China Beijing Branch and Alipay aims to facilitate tax refunds for international visitors, making the process more efficient and user-friendly [1][3] - Tourists can now choose various methods to access their tax refund codes, including "tap," scanning, or searching directly in Alipay [3] Service Features and Benefits - The service allows tourists to receive tax refunds without the need for cash, thereby enriching their options and improving their overall shopping experience [3] - The refund period for the "immediate purchase and refund" service has been extended from 17 days to 28 days, providing more flexibility for travelers [3] Future Developments - The Bank of China Beijing Branch plans to further enhance its cross-border financial services by conducting in-depth research on traveler needs and innovating its offerings [4] - The initiative is expected to promote international tourism and consumption in Beijing, leveraging the bank's expertise in cross-border finance and payment solutions [4]