Group 1 - The People's Bank of China and the State Administration of Foreign Exchange announced a "policy package" aimed at enhancing trade facilitation and cross-border investment [1][2] - New trade facilitation policies will include reforms in foreign exchange management for trade, encouraging banks to include more new trade entities, and optimizing foreign exchange fund settlement for foreign trade service enterprises [1] - Cross-border investment and financing policies will support research institutions in attracting foreign investment, expand financing convenience for technology enterprises, and streamline capital project income usage [1][2] Group 2 - A comprehensive set of foreign exchange innovation policies will be implemented in free trade pilot zones, including optimizing international trade settlement and expanding the Qualified Foreign Limited Partner (QFLP) pilot [2] - Continuous support for the construction of Shanghai as an international financial center will be provided, enhancing the competitiveness and influence of the center [2]

Core Viewpoint - The People's Bank of China aims to broaden financing channels for private enterprises in a more targeted manner, emphasizing the importance of bond financing support tools and promoting new debt financing instruments [1] Financing Channels - The central bank will enhance the role of bond financing support tools for private enterprises [1] - There will be a promotion of "two new" debt financing instruments to facilitate access to capital [1] Policy Measures - The implementation of stock buyback and increased lending will be utilized to support private enterprises [1] - The central bank plans to improve cross-border investment and financing facilitation policies [1]