Group 1 - The core initiative of shared external debt quotas between parent and subsidiary companies in the leasing sector aims to facilitate cross-border financing for various enterprises [1][2] - As of May 2025, a total of 10.04 billion USD has been shared among four leasing parent and subsidiary companies, demonstrating the practical success of this policy [1] - The shared external debt quota allows subsidiary companies to utilize unused quotas from parent companies, thereby expanding financing channels for leasing companies [1][2] Group 2 - The shared external debt quota system enhances the ability of leasing companies to tap into both domestic and international markets, addressing the limitations of their own capital [2] - A notable case in 2024 involved a leasing company in Zhejiang that secured a shared external debt quota to finance a 4,500-ton asphalt oil ship, showcasing the new financing avenues opened by this initiative [2] - This innovation in the financial system reflects China's practical wisdom in financial openness, aiming to break down capital flow barriers while ensuring risk control [2] Group 3 - The release of micro-level entities' vitality is expected to shift the leasing industry from scale expansion to quality improvement, providing replicable institutional models for cross-border financial service innovation [3] - With more stable cross-border funding support, leasing companies will enhance their capabilities in servicing high-end equipment manufacturing and green energy sectors [3] - Financial resources will be more precisely injected into key links of the industrial chain, promoting overall industry growth [3]

June 22, 2025 02:01 PM GMT China Financials | Asia Pacific Payment Connect another modest positive for financials Key Takeaways Another step in accelerated financial opening up: This follows the recent top financial regulators' discussion on opening up at the Lujiazui Forum, and facilitates more efficient cross-border current account payments between HK and China residents. Another small positive for financial names particularly AIA, HKEX and FUTU: Considering the rate differences between Mainland China and ...

对外开放是中国式现代化的鲜明标识，也是金融业改革发展的重要动力。党的二十届三中全会审议通过 的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》提出，完善高水平对外开放体制机 制。国家金融监督管理总局局长李云泽2024年11月在第三届国际金融领袖投资峰会上表示，无论国际风 云如何变化，中国金融业对外开放的大门只会越开越大。 统筹好开放与安全。越是开放越要重视安全。接下来，要着力提升开放条件下的监管能力与风险防控水 平，完善与金融业高水平开放要求相适应的风险防控体系，建好各类"防火墙"，守住不发生系统性风险 的底线。一方面，持续完善宏观审慎政策框架，完善跨境资金流动监测预警体系，加强外汇市场的逆周 期调节和预期管理，坚决对顺周期行为进行纠偏，坚决对扰乱市场秩序行为进行处置，坚决防范汇率超 调风险；另一方面，构建更加完备有效的外汇监管体系，保持对外汇违法违规活动的高压打击，维护外 汇市场健康秩序。 言必信，行必果，我国金融业对外开放成果卓著。一方面，金融服务业的市场准入大幅放宽，已完全取 消银行、证券、基金管理、期货、人身险领域的外资持股比例限制。另一方面，境内外金融市场的互联 互通持续深化，已形成涵盖股 ...