Core Viewpoint - The establishment of the Guangdong Self-Discipline Mechanism's Dongguan Working Group aims to enhance cross-border financial services and support the high-quality economic development of Dongguan, a key foreign trade city and manufacturing base in China [1][2]. Group 1 - The Dongguan Working Group was officially established with the approval of the "Guidelines for the Work of the Dongguan Working Group of the Guangdong Self-Discipline Mechanism" and the signing of the self-discipline convention by member banks and enterprises [1][2]. - Over 120 representatives from various financial institutions, including the People's Bank of China and the State Administration of Foreign Exchange, attended the establishment meeting [1]. - The China Bank Dongguan Branch will lead the working group and commit to adhering to the self-discipline convention while promoting the development of cross-border RMB business [1][2]. Group 2 - The establishment of the working group is expected to consolidate financial strength in Dongguan, enhance cross-border financial service levels, and reinforce the city's outward economic advantages [2]. - Member units will implement self-discipline requirements under the Guangdong Self-Discipline Mechanism framework, strengthen business communication, and promote healthy competition [2]. - The working group aims to improve trade financing convenience and contribute positively to the high-quality economic development of Dongguan [2].