Core Viewpoint - The People's Bank of China and four other departments have issued a plan to enhance cross-border financial services, aiming to improve the efficiency of cross-border settlements and facilitate global fund management for enterprises [1] Group 1: Policy Enhancements - The plan includes optimizing foreign exchange business management models and operational processes to support banks in implementing foreign exchange management measures [1] - It emphasizes the need for differentiated and convenient financial services by classifying enterprises based on their foreign exchange compliance risk levels [1] Group 2: Global Fund Management - The initiative aims to improve the global fund management system for corporate groups, including optimizing policies for integrated fund pool management in both domestic and foreign currencies [1] - It facilitates the main enterprises to conduct centralized payment and collection activities for overseas member units [1] Group 3: Technological and Functional Improvements - The plan seeks to expand the functions and application scenarios of free trade accounts, enhancing the capabilities and global network coverage of the Cross-Border Interbank Payment System (CIPS) [1] - Cross-border clearing companies are encouraged to strengthen collaboration with financial institutions to improve service levels for enterprises going global [1]