6、充分发挥城市房地产融资协调机制作用，辖内银行已为219个"白名单"项目投放贷款2156亿元。 7、在京公募基金已基本建立了三年以上长周期考核制度。北京市职业年金、企业年金已设置长期考核 指标，在京国有商业保险公司正逐步建立三年以上长周期考核机制。 金融业对北京市全口径税收收入年均贡献约40% "北京金融业总资产规模约占全国一半，在京各类资管机构资产管理规模约占全国30%。"曾林峰指 出，"十四五"时期，北京市的国家金融管理中心"六个集中"优势更加彰显，即国家金融管理部门最集 中、金融机构总部最集中、资金汇聚最集中的优势更加突出，金融基础设施集中、国际金融组织集中、 金融人才集中的优势也得到进一步巩固。 11月21日，北京市人民政府新闻办公室举行首都"十四五"规划高质量收官系列主题新闻发布会——金融 业发展成就专场，会上，北京市委金融办分管日常工作的副主任曾林峰、中国人民银行北京市分行行长 巢克俭、北京金融监管局局长朱衍生、中国证监会北京监管局副局长侯凤坤介绍"十四五"时期，北京金 融业的有关发展情况。来看会上重点表述： 1、北京市金融业增加值占全市GDP比重、年均贡献地方级一般公共预算收入、年均贡献地方级 ...

Core Insights - The State Administration of Foreign Exchange in Heilongjiang Province has successfully implemented a pilot program for China First Heavy Industries Group Co., Ltd. to integrate its domestic and foreign currency fund pool, allowing centralized management of cross-border funds for 10 member enterprises [1] Group 1: Cross-Border Fund Management - The pilot program marks the first high-version fund pool in Heilongjiang Province, facilitating the completion of the first cross-border payment through a domestic master account [1] - As of the end of September, 13 banks in the province are participating in the pilot program, with 118 enterprises involved, and a total of $5.8 billion in pilot transactions completed, reflecting a year-on-year increase of 42.3% [1] Group 2: Support for Local Enterprises - The People's Bank of China in Heilongjiang is enhancing cross-border investment and financing convenience, optimizing foreign exchange services for local enterprises [2] - A self-regulatory mechanism for county-level banks in the Harbin area is being established to help local foreign-related enterprises reduce costs and improve efficiency [2] - A total of 35 direct connection points for personal foreign exchange services have been established in the province to better serve local residents [2]

Group 1 - The 2025 Financial Street Forum Annual Meeting opened on October 27, with the Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, Zhu Hexin, delivering a keynote speech [1] - Zhu Hexin announced that the State Administration of Foreign Exchange will introduce nine new policy measures aimed at promoting trade innovation and development, focusing on trade facilitation [2] - The upcoming policies will include expanding the pilot scope for high-level cross-border trade openness and optimizing foreign exchange fund settlement for new trade entities [2] Group 2 - In September, the State Administration of Foreign Exchange implemented a package of cross-border investment and financing facilitation policies, with further policies on integrated currency pools for multinational companies and management of funds for domestic companies listed abroad to be released soon [2] - The reforms will also include integrated foreign exchange management innovations in pilot free trade zones, aiming to broaden the scope for autonomous opening-up [2]

Core Insights - The establishment of the "integrated currency pool for multinational companies" by China Bank Yunnan Branch for Yunnan Tin Company marks the first high-version integrated currency pool in Yunnan Province, enhancing cross-border financial operations for multinational companies [1][2]. Group 1: Policy and Implementation - The People's Bank of China and the State Administration of Foreign Exchange announced the expansion of the integrated currency pool business pilot on March 13, 2025, which is significant for improving cross-border fund operation freedom for multinational companies in Yunnan [1]. - The integrated currency pool aims to facilitate high-quality development of cross-border financial settlements for multinational companies [1]. Group 2: Company Profile and Needs - Yunnan Tin Company has been steadily growing and has a strong demand for efficient and secure management of cross-border funds due to its extensive international operations [2]. - The establishment of the currency pool is a response to the actual needs of Yunnan's multinational enterprises to leverage policy conveniences [2]. Group 3: Financial Services and Support - A "government-bank" expert group was formed to provide comprehensive financial services, including policy advocacy and business preparation, to Yunnan Tin Company [2]. - The successful launch of the currency pool allows Yunnan Tin Company to conduct centralized payment and collection operations through its overseas unit in Hong Kong [2]. Group 4: Bank's Role and Market Position - China Bank Yunnan Branch is recognized as the highest internationalized state-owned commercial bank in Yunnan, leading in international settlement and cross-border RMB settlement market share [2]. - The successful implementation of the integrated currency pool reflects China Bank's global integration advantages and expertise in international settlement [2].

Group 1: Cross-Border Financing Policy Changes - The pilot policy for integrated onshore and offshore currency cash pools is set to be expanded nationwide, aiming to enhance the convenience of cross-border financing for multinational companies [1][4] - The new policy allows foreign investment companies to utilize domestic loans for equity investments, removing previous restrictions [6][8] - The People's Bank of China and the State Administration of Foreign Exchange are actively optimizing the cash pool policy to support multinational companies in managing cross-border funds more efficiently [4][9] Group 2: Integrated Currency Cash Pool Development - The high-version integrated currency cash pool primarily serves large multinational companies, featuring higher thresholds and greater fund transfer limits [2][3] - As of November 2024, 54 multinational companies have completed the cash pool pilot, benefiting 3,188 domestic and foreign member enterprises, with cross-border receipts and payments totaling $466.941 billion [3] - The introduction of a low-version cash pool significantly lowers the entry threshold, making it accessible to more companies [3] Group 3: Foreign Investment and Reinvestment Trends - In Taicang, foreign enterprises are increasingly reinvesting profits, with over 40% of the $4.74 billion in actual foreign investment in 2024 coming from reinvested profits, marking a 112.8% year-on-year increase [6] - The Ministry of Commerce has introduced measures to facilitate foreign investment, including simplifying procedures for reinvestment and enhancing financial services [7][8] Group 4: Foreign Financial Institutions' Engagement - Several foreign financial institutions, including Societe Generale and UBS, are actively establishing operations in China, reflecting a growing interest in the Chinese financial market [10][11] - The establishment of new foreign-owned securities firms indicates a trend of increasing foreign participation in China's financial services sector [10][12] - Standard Chartered Bank continues to invest in its operations in China, focusing on digital transformation and network expansion [12][13]