Core Viewpoint - The Shenzhen Municipal Bureau of Commerce and the Municipal Development and Reform Commission have jointly issued a plan to promote high-quality development of service trade and digital trade, emphasizing financial support for these sectors [1] Financial Support for Trade Development - The plan aims to expand the application of RMB (Renminbi) settlement, enhancing the convenience and efficiency of cross-border RMB usage [1] - Banks are encouraged to optimize document review processes and strengthen data sharing while enriching RMB payment scenarios [1] - The initiative seeks to improve the experience of enterprises using RMB for investment, project construction, procurement, and revenue recovery [1] Digital Currency and Risk Management - The plan promotes participation in multilateral central bank digital currency bridge projects and encourages banks to expand services for enterprises seeking foreign exchange risk hedging [1] - There is a focus on expanding the application of foreign exchange risk hedging products, including swaps and linked products [1] Export Credit and Insurance Services - The plan aims to optimize export credit and export credit insurance services, particularly in the service trade sector, to enhance business coverage and support [1] - It encourages enterprises to improve their international operational capabilities [1] Financial Innovation and Investment Facilitation - The initiative promotes cross-border financial innovation based on Free Trade Accounts (FT Accounts) and aims to expand account functions and pilot bank ranges [1] - It advocates for a unified bank settlement account system for both domestic and foreign currencies, with plans to expand the range of participants [1] - The plan facilitates the qualification application process for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII), improving direct investment foreign exchange management [1] - It supports foreign institutions in investing in Shenzhen's technology enterprises through Qualified Foreign Limited Partnership (QFLP) structures [1]

Domestic News - The China Securities Regulatory Commission (CSRC) announced stronger support for high-quality unprofitable technology companies to go public [1] - The People's Bank of China conducted a 500 billion yuan MLF operation with a one-year term on May 23 [1] - The Financial Regulatory Administration is set to approve the third batch of long-term investment reform pilot projects for insurance funds, with a scale of 60 billion yuan [1] - The State Administration of Foreign Exchange (SAFE) is enhancing cross-border financial services for technology companies and steadily advancing the Qualified Foreign Limited Partner (QFLP) pilot [1] - Xiaomi launched the flagship processor "Xuanjie O1," claiming it has first-tier performance, and officially released the YU7 model, positioned as a "luxury high-performance SUV," with the price yet to be announced [1] International News - Japan's Minister of Economic Revitalization announced a visit to the U.S. for tariff negotiations from Friday to Sunday [2] - The U.S. government is considering the withdrawal of approximately 4,500 troops from South Korea [4] - Institutions reported that BYD's pure electric vehicle sales in Europe surpassed Tesla for the first time in April [4] - Apple, Tesla, and Nvidia stocks are set to be traded as tokens on the Kraken trading platform [4]

Group 1 - The central bank is encouraging development-oriented financial institutions to provide financing support for major national technological tasks [1] - There is a focus on enhancing cross-border financial services for technology-based enterprises [1] - The pilot program for Qualified Foreign Limited Partners (QFLP) and the facilitation of cross-border financing will be steadily advanced [1]