Core Viewpoint - The article discusses the joint issuance of measures by the People's Bank of China and the State Administration of Foreign Exchange to support the financial integration of cross-strait development in Fujian, aiming to enhance financial services for Taiwanese businesses and promote high-level openness in cross-border trade [1][2]. Group 1: Financial Ecosystem Optimization - Allow banks in Fujian to handle cross-border RMB payments for Taiwanese individuals involved in legal property transactions [3]. - Support the trial of payment services for foreign individuals in Fujian, enhancing payment service levels and promoting online appointment for account opening [3]. Group 2: Cross-Border Trade Pilot Support - Facilitate foreign exchange fund payments for qualified enterprises, allowing banks to handle foreign exchange payments for service trade projects exceeding USD 50,000 post-verification [4]. - Encourage banks to innovate financial services for cross-border trade, optimizing foreign exchange payment processes [4]. - Expand the scope of net settlement for trade receipts and payments for pilot enterprises [4]. - Allow direct handling of special refunds for goods trade without prior registration for pilot enterprises [4]. - Streamline management of service trade-related advance or shared expenses for pilot enterprises [4]. Group 3: Capital Account Cross-Border Investment Facilitation - Taiwanese enterprises in Fujian can reinvest without registration, with banks directly handling foreign debt and overseas listing foreign exchange registrations [5][6]. - Support qualified enterprises in Fujian to conduct integrated currency pool operations, managing both domestic and foreign currency funds [6]. - Promote the development of a multi-tiered cross-strait financial market, encouraging Taiwanese enterprises to participate in mainland financial markets [6]. Group 4: Financial Risk Management - Emphasize the importance of risk assessment and monitoring for pilot banks and enterprises, ensuring early identification and management of financial risks [7]. - Strengthen monitoring and prevention of cross-border financial risks, focusing on changes in cross-border capital flows and trends [7].

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange have jointly issued measures to enhance financial support for the integration development of the two sides of the Taiwan Strait, focusing on the construction of a demonstration zone in Fujian [1][5]. Group 1: Policy Measures - The measures include 12 specific policies aimed at improving payment services for foreign personnel in Fujian, facilitating foreign exchange fund transfers for current account items, and supporting banks in optimizing new cross-border trade settlement [5][6]. - The measures encourage more high-quality Taiwanese-funded enterprises in Fujian to list on the mainland and promote Taiwanese enterprises' participation in the mainland financial market [5][7]. Group 2: Financial Services Enhancements - The measures allow banks in Fujian to handle cross-border RMB payment services for Taiwanese residents related to legal property transactions [5][6]. - There will be a focus on enhancing payment services for foreign personnel, including ATM upgrades and the introduction of cash withdrawal functions for foreign bank cards [5][6]. Group 3: Cross-Border Trade and Investment - The measures facilitate foreign exchange payments for qualified enterprises in pilot areas like Fuzhou, Xiamen, and Quanzhou, allowing banks to handle foreign exchange transactions without prior registration for certain amounts [6][7]. - Taiwanese enterprises in Fujian can conduct reinvestments without registration, and banks will directly handle foreign debt and overseas listing foreign exchange registrations [6][7].

Core Viewpoint - The article discusses the recent measures introduced by the People's Bank of China and the State Administration of Foreign Exchange to enhance financial support for the integration development of the two sides of the Taiwan Strait, particularly focusing on the establishment of a demonstration zone in Fujian [1][3]. Group 1: Policy Measures - The measures include 12 specific policies aimed at improving payment services for foreign individuals in Fujian, facilitating foreign exchange transactions, and supporting banks in optimizing new types of cross-border trade settlements [3][4]. - There is an emphasis on allowing banks in Fujian to handle cross-border RMB payment services for Taiwanese individuals involved in legal property transactions [3][4]. Group 2: Financial Services Enhancement - The measures aim to enhance the payment service level for foreign individuals in Fujian by guiding banks to upgrade ATMs and enable foreign bank card cash withdrawals [4]. - The initiative includes facilitating foreign exchange transactions for qualified enterprises in pilot cities like Fuzhou, Xiamen, and Quanzhou, allowing for post-verification of certain foreign exchange expenditures [4][5]. Group 3: Investment and Financing Facilitation - Taiwanese enterprises in Fujian can conduct reinvestments without registration, and banks will directly handle foreign debt and overseas listing foreign exchange registrations [5]. - The measures support the establishment of integrated currency pools and encourage Taiwanese enterprises to participate in the mainland financial market, including listing on the mainland stock exchanges [5].

Core Viewpoint - The article discusses the measures implemented by the People's Bank of China and the State Administration of Foreign Exchange to support the financial integration and development of cross-strait relations, particularly focusing on Fujian province as a demonstration area for this integration [1][2]. Group 1: Financial Ecosystem Optimization - The measures allow banks in Fujian to handle cross-border RMB payments for Taiwanese individuals involved in legal property transactions [4]. - There is a push for improved payment services for foreign individuals in Fujian, including online appointment systems for account openings and enhanced ATM services [4]. Group 2: Cross-Border Trade Pilot Programs - The measures facilitate foreign exchange payments for qualified enterprises in Fujian, allowing banks to process transactions above $50,000 with post-verification [5]. - Banks are encouraged to innovate in cross-border trade settlement services, enabling compliance with new types of foreign exchange transactions [6]. - Special provisions are made for handling exceptional refund cases in goods trade without prior registration [7]. Group 3: Capital Account Investment Facilitation - Taiwanese enterprises in Fujian can reinvest without registration, with banks directly managing foreign debt and foreign exchange registrations [8]. - Eligible enterprises in Fujian are permitted to manage integrated currency pools for efficient fund operations [8]. Group 4: Financial Market Development - The measures support the establishment of a multi-tiered financial market for cross-strait cooperation, promoting Taiwanese enterprises' participation in mainland financial markets [9]. Group 5: Financial Risk Management - There is a focus on proactive financial risk assessment and monitoring, ensuring early identification and management of potential risks [10]. - Enhanced monitoring of cross-border financial risks is emphasized, with a commitment to track and manage changes in cross-border capital flows [10].

Core Points - The construction of the Xiamen-Kinmen Bridge has entered a new phase with the completion of the first prefabricated pier, reflecting the urgent desire of the residents of both regions for improved connectivity [1][2] - The bridge project aims to enhance the welfare of Kinmen residents, with initiatives such as water supply and relaxed travel restrictions for Taiwanese liquor [1] - The project is part of broader efforts to explore infrastructure cooperation between Xiamen and Kinmen, as outlined in the 2023 policy document from the Central Committee and State Council [2] Summary by Sections - **Project Development** - The Xiamen-Kinmen Bridge project spans 17.34 kilometers, starting from Xiamen Island and connecting to the Xiamen Xiang'an International Airport, with a branch line of 2.275 kilometers [2] - The first prefabricated pier, weighing approximately 3,000 tons, was successfully installed, marking the transition to a new phase of assembly construction for the bridge [2] - **Government Initiatives** - The government has implemented various measures to benefit Kinmen residents, including a water supply initiative that has delivered over 40 million tons of water since its inception in August 2018 [1] - Celebratory events were held in Jinjiang City to commemorate the 30th anniversary of the "Kinmen Water Supply," emphasizing the historical and ongoing support from Fujian to Kinmen [1]