Core Viewpoint - The report titled "Multinational Companies in China: Investing in Future Win-Win Development" highlights the expanding market opportunities for multinational companies in China, driven by the country's large population and consumption upgrade trends, resulting in stable revenue growth [1][2]. Group 1: Investment Trends - In 2024, China is expected to establish 59,000 new foreign-invested enterprises, representing a year-on-year growth of 9.9%, with actual foreign investment reaching $116.2 billion [2]. - By the end of 2024, the cumulative number of foreign-invested enterprises in China will exceed 1.239 million, with total actual foreign investment amounting to 20.6 trillion RMB [2]. Group 2: Sectoral Growth - Multinational companies are seizing opportunities in China's new productivity development, leveraging the country's innovative ecosystem to accelerate investments in future manufacturing, health, and energy sectors [2]. - Despite a significant decline in global foreign direct investment, investments in China's medical device manufacturing and computer equipment sectors are expected to see substantial growth in 2024 [2]. Group 3: Economic Impact - The report indicates that multinational companies benefit from the continuous growth of the Chinese market, with investment returns in China remaining at a high level [3]. - From 2019 to 2024, the revenue of foreign-invested industrial enterprises in China increased from 23.4 trillion RMB to 26.8 trillion RMB, with a compound annual growth rate of 2.7% [3]. - The total profit of foreign-invested industrial enterprises rose from 1.6 trillion RMB to 1.8 trillion RMB during the same period [3]. Group 4: Policy and Environment - The report emphasizes that multinational companies are facilitating China's accelerated pace of institutional opening, participating in the innovative practices of free trade pilot zones, and benefiting from a more convenient and open investment environment [2]. - In 2024, the actual foreign investment in China's 22 free trade pilot zones is projected to reach $28.25 billion [2].

Group 1 - The Chinese government emphasizes the importance of maintaining global supply chain stability and security, accelerating the review of rare earth export license applications, and has approved a certain number of compliant applications [1][4] - The Shanghai Free Trade Zone has implemented 80 pilot measures to align with international high-standard trade rules, enhancing trade facilitation and attracting international logistics investments [3][4] - The recent China-Central Asia summit resulted in the signing of several agreements to strengthen economic cooperation, including trade facilitation and green mineral cooperation [5][6] Group 2 - The Chinese government plans to enhance trade cooperation with Central Asian countries by increasing imports of energy, minerals, and quality agricultural products while promoting exports of automobiles and electronics [6] - China is preparing to join the CPTPP and has conducted extensive analysis and discussions with member countries to align with high-standard trade rules [8] - The Chinese government aims to upgrade economic and trade cooperation with the EU, focusing on resolving mutual concerns and preparing for high-level exchanges [7][8]

商务部新闻发言人何亚东表示，中国一贯高度重视维护全球产供链的稳定与安全，依法依规不 断加快对稀土相关出口许可申请的审查，已经依法批准一定数量的合规申请，并将持续加强合 规申请的审批工作。中方愿就此进一步加强与相关国家的出口管制沟通对话，积极促进便利合 规贸易。 今日下午，商务部召开例行新闻发布会。发布会上，新闻发言人何亚东谈到稀土相关出口问题 时表示，将依法依规不断加快对稀土相关出口许可申请的审查。发布会重要内容如下： 商务部：将依法依规不断加快对稀土相关出口许可申请的审查 商务部介绍上海自贸试验区试点成效 记者：近日，国务院常务会议提出要用好中国（上海）自贸试验区全面对接国际高标准经贸规 则的试点经验，在更大范围释放制度创新红利，以高水平开放推动深层次改革、高质量发展。 能否介绍一下上海自贸试验区试点成效以及下一步复制推广工作的考虑？ 商务部谈CPTPP申请准备情况：中方为加入协定做好了充分准备 商务部新闻发言人何亚东表示，2023年，上海自贸试验区开展全面对接国际高标准经贸规则 试点。一年多以来，80条试点措施已经基本落地，开展了一批引领性、标志性制度创新，也 形成了一批先进经验和典型案例，可以说为稳步扩 ...

金十数据6月19日讯，商务部新闻发言人何亚东表示，2023年，上海自贸试验区开展全面对接国际高标 准经贸规则试点。一年多以来，80条试点措施已经基本落地，开展了一批引领性、标志性制度创新，也 形成了一批先进经验和典型案例，可以说为稳步扩大制度型开放提供了自贸方案。商务部将会同各地方 和有关部门用好上海自贸试验区的试点经验，因地制宜，抓好落实，重点推进企业和群众急需的试点举 措落地见效，充分释放制度型开放的红利。同时，在守住风险底线的前提下，支持自贸试验区充分发挥 改革开放综合试验平台作用，以高水平开放推动深层次改革和高质量发展。 （日月谭天） 商务部介绍上海自贸试验区试点成效 ...

2025年国际经济组织活动月期间，各家国际经济组织将聚焦经贸、科技、金融、生物医药、人工智能等 当下全球前沿热点领域，精心策划并组织开展超过50场高规格、高品质的活动，搭建起联通世界、共创 机遇的广阔平台，推动产业升级与变革，助力浦东在制度型开放的道路上加速前行，跃上国际合作的新 高度。国际经济组织活动月也成为了展示浦东开放包容姿态、彰显国际经济活力的重要窗口。 自2021年7月前滩国际经济组织集聚区揭牌以来，浦东深入推进落实国际经济组织集聚计划（GOC）， 截至目前，已有46家国际经济组织在浦东安家落户，覆盖国际经贸规则、全球资源配置、生物医药、先 进技术、国际仲裁等关键领域。这些组织积极发挥桥梁纽带作用，为浦东乃至上海深度参与全球经济治 理开辟了广阔通道，为扩大国际经济合作搭建了优质平台，更为助力上海"五个中心"建设注入了强大动 力。 新华财经上海6月19日电（记者杨有宗）记者从2025年浦东新区国际经济组织活动月启动仪式上获悉， 今年以来，前滩区域已成功吸引了国际制药工程学会、先进医疗技术协会、国际药物信息协会、材料性 能与防护协会等4家新组织入驻，集聚区入驻组织数达到23家，占全区总量50%。 下一步 ...

Core Viewpoint - The Chinese government is well-prepared for its application to join the CPTPP, having conducted in-depth analysis and assessments of the agreement since its formal application in September 2021 [1] Group 1: Preparation for CPTPP Membership - The Chinese side has made preparations for market access in areas such as goods trade, services trade, investment, and government procurement [1] - Extensive communication has been conducted with CPTPP member countries to demonstrate China's commitment, capability, and actions to meet the high standards of the agreement [1] - China has initiated pilot programs in designated free trade zones and ports to align with CPTPP rules [1] Group 2: Future Steps and Expectations - The next steps involve actively aligning with international high-standard economic and trade rules, while steadily expanding institutional openness [1] - Continued in-depth communication with CPTPP members will be pursued to advance the membership process [1] - There is an expectation for CPTPP members to expedite China's accession process, supporting multilateralism and free trade to inject more certainty and momentum into global economic development [1]

Core Viewpoint - The article emphasizes the acceleration of institutional innovation in China's Free Trade Zones (FTZs) as a key strategy to enhance economic openness and align with international high-standard trade rules [1][2]. Group 1: Institutional Innovation - The People's Bank of China and the State Administration of Foreign Exchange announced a package of foreign exchange innovation policies to be implemented in FTZs [1]. - The Chinese government has reiterated the importance of institutional innovation in FTZs during various meetings, aiming to leverage the Shanghai FTZ's experience to align with international trade standards [1][2]. - The FTZs are seen as critical hubs for connecting domestic and international economic cycles, with a focus on creating replicable reform experiences for broader national reforms [2]. Group 2: Policy Measures and Outcomes - In 2023, the State Council issued a comprehensive plan to align with international high-standard trade rules, focusing on seven areas, including the expansion of service trade, with 80 specific measures proposed [2]. - As of March 2023, the 80 pilot measures have largely been implemented, leading to significant institutional innovations and the establishment of advanced experiences and typical cases [2]. - In the first quarter of this year, the total import and export volume of FTZs reached 2 trillion yuan, reflecting a year-on-year growth of 2.2% [2]. Group 3: Future Directions - The Ministry of Commerce plans to benchmark against high-standard agreements like CPTPP and DEPA, aiming for broader and deeper institutional opening-up trials in service trade and cross-border data flow [3]. - Future efforts in FTZs should encourage integrated exploration, transitioning from single-field policy trials to comprehensive institutional innovations, thereby generating broader development momentum [3].

Group 1 - The People's Bank of China announced eight major financial opening measures, including the establishment of an interbank market trading report library and the development of offshore bonds [1] - The National Financial Regulatory Administration plans to release an action plan to support the construction of Shanghai as an international financial center, encouraging innovation in technology finance and cross-border finance [1][2] - The China Securities Regulatory Commission emphasized accelerating the implementation of key measures for capital market opening by optimizing the QFII system and enhancing foreign investment participation [1][2] Group 2 - The report from Guoxin Securities highlights the focus on financial governance and open cooperation amid global economic changes, aiming to enhance China's voice in global financial governance while preventing systemic risks [2] - The regulatory authorities are promoting a three-pronged approach of institutional opening, optimizing the business environment, and aligning with international rules to create a new pattern of openness [2][3] - The capital market is undergoing profound structural changes, with listed companies becoming the main force in technological innovation, contributing significantly to R&D investment [3]

Core Viewpoint - The article discusses the joint issuance of the "Action Plan to Support the Construction of Shanghai International Financial Center" by the Financial Regulatory Bureau and the Shanghai Municipal Government, outlining 27 specific measures to accelerate the development of Shanghai as an international financial hub [1][2]. Group 1: Financial Institution Aggregation - The plan emphasizes the need to promote the aggregation of financial institutions in Shanghai, enhancing the financial service functions [2]. - It encourages national banks to establish financial asset investment companies in Shanghai and supports foreign financial institutions in playing a larger role [2]. Group 2: Financial Services to the Real Economy - The initiative aims to improve the quality and efficiency of financial services to the real economy, focusing on technology finance, carbon finance, inclusive finance, pension finance, and digital finance [2][3]. - It seeks to establish Shanghai as an international green finance hub, promoting carbon finance-related business [2][7]. Group 3: Regulatory Enhancements - The plan calls for improving the forward-looking risk management capabilities of financial institutions in Shanghai, promoting sound operations [3]. - It emphasizes a prudent regulatory approach, supporting financial innovation trials in key areas such as service to the real economy and opening up [3][4]. Group 4: Policy Support and Talent Development - The action plan includes measures to enhance policy support, improve financial professional service levels, and strengthen the integration of party building with business [3]. - It aims to attract and cultivate high-level financial talent in Shanghai [3]. Group 5: Focus Areas for Financial Innovation - The regulatory body plans to establish a financial innovation regulatory mechanism, focusing on key areas such as service to the real economy and international openness [4]. - It aims to expand financial institutional openness by exploring cross-border loan businesses in the Shanghai Free Trade Zone [5]. Group 6: Synergy with Technology Innovation - The plan supports the linkage between the Shanghai International Financial Center and the International Technology Innovation Center, exploring financial service models suitable for technology enterprises [6]. Group 7: International Carbon Finance - The initiative encourages financial institutions in Shanghai to support the construction of a carbon trading market and participate in international carbon pricing [7].

Core Viewpoint - The release of the "Action Plan to Support the Construction of Shanghai International Financial Center" aims to enhance Shanghai's competitiveness and influence as a global financial hub through a series of practical measures [1] Group 1: Key Measures and Initiatives - The "Action Plan" outlines 27 specific measures focusing on five areas: promoting the aggregation of financial institutions, enhancing service functions, expanding institutional openness, improving regulatory standards, and refining policy support [1] - Shanghai has become a leading city in global financial markets, with 1,782 licensed financial institutions, of which about one-third are foreign institutions [3] - The plan emphasizes the need for commercial banks to increase support for the construction of the Shanghai International Financial Center through dedicated institutions and authorizations [3] Group 2: Financial Services and Innovation - The plan aims to enhance the quality of financial services to promote high-quality economic development, particularly in technology innovation and green finance [4] - Shanghai is encouraged to develop as an international green finance hub, supporting carbon trading markets and expanding carbon finance-related businesses [4] - The plan also focuses on promoting inclusive finance, pension finance, and digital finance [4] Group 3: Internationalization and Regulatory Framework - The "Action Plan" aims to enhance the internationalization of Shanghai's financial sector by optimizing cross-border financial services and promoting the development of an international reinsurance center [6] - As of April, the Shanghai International Reinsurance Registration Trading Center has registered 99 institutions and transacted nearly 1.6 billion yuan in premiums [6] - The plan includes measures to improve regulatory standards and risk management capabilities of financial institutions in Shanghai [7] Group 4: Risk Management and Safety - The "Action Plan" emphasizes the importance of balancing openness with safety, aiming to prevent systemic financial risks while promoting high-level financial openness [7] - It calls for enhancing the risk management capabilities of financial institutions and establishing a financial risk prevention and disposal mechanism in Shanghai [7] - The plan also supports the integration of party building with business operations to improve financial service levels [7]