Core Viewpoint - The development of offshore finance in China should be explored with a higher perspective and broader vision, focusing on domestic economic needs while deeply integrating into the international financial system to form a new pattern of coordinated development between domestic and foreign markets [1] Group 1: Role of Offshore Finance - Offshore finance enhances the international influence of financial markets, attracting global financial resources and increasing the trading activity and liquidity of financial markets [2] - The introduction of various offshore financial products enriches the financial market functions in international financial centers like Shanghai, meeting diverse investor needs and strengthening resource allocation capabilities [3] - Engaging in offshore finance requires familiarity with international rules and laws, prompting financial institutions to innovate products and improve risk management, thereby enhancing their international competitiveness [4] Group 2: Promotion of Offshore Trade and Economic Growth - Offshore finance promotes the development of offshore trade by providing essential services such as cross-border payments and trade financing, which helps businesses expand their market competitiveness [5] - Offshore finance supports the growth of offshore economies by offering services to domestic enterprises expanding into international markets, creating a mutually beneficial relationship that drives sustainable economic development [6] Group 3: Challenges in Offshore Finance Development - There is insufficient coordination between domestic and foreign offshore finance, leading to inconsistencies in standards and operations, which can result in regulatory and interest rate arbitrage [8] - Domestic offshore financial accounts still have functional deficiencies compared to international standards, hindering the support for RMB internationalization [9] - The range of offshore financial products in domestic free trade zones needs to be further diversified, as current explorations remain theoretical without substantial pilot testing [10] - The legislative progress for offshore finance needs to accelerate, particularly in areas like offshore banking and trade dispute resolution [11] Group 4: Pathways for Strengthening Offshore Finance - It is recommended to establish offshore banks in free trade zones, which would operate under international standards and primarily serve domestic enterprises' cross-border transactions [12] - Accelerating the pilot and innovation of offshore financial products is essential, with a focus on adapting international best practices to local conditions [13] - Coordinating the development of domestic and foreign offshore finance markets is crucial, including enhancing market connectivity and regulatory collaboration [14] - Tax optimization measures should be implemented to reduce operational costs for financial institutions and attract more international business [15] - Strengthening legal frameworks and international regulatory cooperation is necessary to ensure compliance and stability in offshore finance [16] - Legislative efforts should be made to support various offshore financial activities, promoting legal and compliant operations within the domestic market [17]

Core Viewpoint - The recent offshore trade support policies and the launch of the second phase of the Global Supply Chain and Offshore Trade Financial Service Platform aim to enhance trade facilitation and support enterprises in expanding their global business from the Xiamen Free Trade Zone [1][2]. Group 1: Policy Implementation - Xiamen has been approved as a national pilot area for offshore trade stamp tax incentives, which is expected to reduce the tax burden on offshore trade enterprises by approximately 40 million yuan annually [2]. - The "Ten Measures" for supporting offshore trade development include ten initiatives across five categories: financial facilitation, digital empowerment, talent assurance, regulatory collaboration, and service quality [1][2]. Group 2: Financial Service Platform - The new financial service platform will provide a one-stop service for enterprises, banks, and government services, enhancing operational efficiency and supporting the needs of innovative trade models [2][3]. - A training session was held to explain the functionalities of the new tax collaboration module, which aims to streamline the tax process for offshore trade through precise matching of contracts and international payments [3]. Group 3: Future Development - The Xiamen Free Trade Zone plans to continue deepening policy innovation and optimizing service measures to foster the development of offshore trade and enhance its international competitiveness [3]. - The initiative is part of a broader strategy to build Xiamen into a high-level open hub for international trade, leveraging its unique advantages in offshore trade [3].