南方财经记者 王达毓 广州报道 2025年，广州金融业总量稳步扩容、融资结构持续优化、重点领域支持精准发力，金融 "五篇大文 章"落地见效。具体来看，"南沙金融30条"落地，提速粤港澳大湾区国际金融枢纽建设；广州期货交易 所铂、钯期货及期权上市，"广州价格"国际影响力进一步显现；中信AIC总部落地，金融新势力入局带 动耐心资本入穗…… 这一年，广州金融在服务国家战略、建设金融基础设施、服务实体经济等方面取得一系列进展。 2026年1月4日，围绕广州全年最具影响力和标志性的金融事件，广州市委金融办正式发布2025年度广州 金融十大新闻。 "南沙金融30条"正式发布 1."南沙金融30条"重磅落地，粤港澳大湾区国际金融枢纽建设持续提速。 2025年5月，中国人民银行、金融监管总局、中国证监会、国家外汇局、广东省人民政府联合发布《关 于金融支持广州南沙深化面向世界的粤港澳全面合作的意见》（简称"南沙金融30条"）。8月12日，广 州市88条落实措施落地，广州、南沙金融高质量发展迎来新的重大历史机遇。此后，全国首家大型外国 跨国银行集团培训中心——汇丰全球培训中心、全国首个碳中和融资租赁服务平台、全国首家气候投融 资 ...

专题：第二十二届中国国际金融论坛 12月19日-20日，"第二十二届中国国际金融论坛"在上海举行，主题为：数字经济时代的智能金融生态 构建。上海陆家嘴金融城发展局金融航运服务部副总监徐璟出席并演讲。 专题：第二十二届中国国际金融论坛 12月19日-20日，"第二十二届中国国际金融论坛"在上海举行，主题为：数字经济时代的智能金融生态 构建。上海陆家嘴金融城发展局金融航运服务部副总监徐璟出席并演讲。 徐璟谈到，陆家嘴金融城不仅是高楼林立的金融集聚区，更是规则承接和制度转化的平台。"相对于法 学定义，我们更在乎这些制度怎么变成企业手中实实在在的业务工具。" 回到概念本身，他提到，离岸金融如果仅仅是"两头在外"，陆家嘴相较于伦敦或新加坡并无天然优势。 中国庞大的贸易顺差和"走出去"企业的真实需求，才是离岸经济的底气。离岸经济不应只是简单复制境 外的税制，而应通过像离岸账户和FT账户这样的账户体系，为中国企业全球化提供更合适的路径和结 算通道。 徐璟指出，离岸业务有一个本质特征，就是 "货在境外走，钱在境内转，单据在云端"。在面对这种"三 流分离"的新业务时，如果沿用传统监管逻辑，业务就没法干；完全不管，又存在巨大风险 ...

Core Viewpoint - The introduction of the "T+0" cross-border fund transfer system for enterprises through the Free Trade (FT) accounts marks a significant advancement in Shanghai's cross-border financial system, enhancing capital flow efficiency and reducing financial costs for businesses [2][8]. Group 1: Implementation Details - The People's Bank of China has released the "Implementation Measures for the Upgrade of Free Trade Accounts in the Shanghai Free Trade Pilot Zone," effective from December 5, which allows for direct fund transfers between FT accounts and overseas accounts [2][3]. - The upgrade shifts from a "segregated accounting" system to an "integrated management" of domestic and foreign currencies, enabling companies to conduct currency conversion and cross-border payments within a unified account framework [2][3]. Group 2: Benefits for Enterprises - The time required for cross-border fund transfers will be reduced from T+3 to T+0, significantly lowering financial costs for multinational and trade-oriented companies [2][3]. - The new system eliminates traditional restrictions on capital item businesses, allowing enterprises to engage in cross-border payments and financing without prior approval or registration [3][4]. Group 3: Regulatory and Operational Changes - The implementation requires banks to enhance their management systems, including improving real-time monitoring of cross-border payments and adhering to anti-money laundering regulations [4][6]. - Participating enterprises must meet specific criteria, such as being registered for over a year and having a minimum equity of 200 million yuan, with a focus on key areas like the Lingang New Area [4][6]. Group 4: Market Impact and Future Outlook - The upgrade is expected to serve as a model for other free trade zones in China, laying the groundwork for a high-level open economic system [2][8]. - The FT account system's evolution is anticipated to attract more multinational corporations to establish their regional financial management centers in Shanghai, enhancing the city's global financial resource allocation capabilities [8][9].

办法显示，经办银行可凭试点企业收付款指令直接办理升级账户与境外账户、离岸账户、境外机构境内 账户、升级账户、多功能自由贸易账户以及非居民开立的自由贸易账户之间的资金划转（"跨一线"）。 试点企业开展证券投资以外的资本项下业务，不受投注差外债、全口径跨境融资、境外放款相关额度和 审批限制，无须到外汇管理部门办理前置业务登记、备案或开立专户等。 "这是此次FT账户功能升级的核心亮点，极大简化了跨境资金运作流程，提升资本项下业务效率。"中 国（上海）自贸区研究院金融研究室主任刘斌对上海证券报记者表示，这是对前期FT账户功能的升级 和完善，充分考虑了企业对外投资的需求。 ◎记者 马慜 经过为期一个月的公开意见征集，中国人民银行上海总部近日正式印发《上海自由贸易试验区自由贸易 账户功能升级实施办法（试行）》（下称"办法"），旨在探索实现自由贸易账户（即FT账户）跨境资 金自由收付，满足实体企业新发展需求，深化上海自贸区跨境资金流动管理制度型开放。 办法要求各相关金融机构启动自由贸易账户功能升级试点，建立健全试点业务内控机制，完善配套系统 建设，配备专项服务团队，为试点企业提供高质量跨境金融服务。 多位受访人士认为，FT ...

Core Insights - The financial performance in Shenzhen shows stable growth with an increase in credit volume and a decline in financing costs [2][3] Credit Overview - As of September 2025, the total balance of deposits in Shenzhen reached 14.36 trillion yuan, a year-on-year increase of 5.6%, with an increase of 787.15 billion yuan since the beginning of the year [2] - The total balance of loans was 9.94 trillion yuan, growing by 5.0% year-on-year, with an increase of 457.41 billion yuan since the start of the year [2] - Key sectors such as household deposits, non-financial enterprise deposits, household loans, and loans to non-financial enterprises and government agencies all experienced significant year-on-year growth [2] Financing Costs - The weighted average interest rate for newly issued corporate loans in Shenzhen was 2.75% in September 2025, a decrease of 0.53 percentage points year-on-year [2] Loan Distribution - The credit structure in Shenzhen includes two categories with balances of 2 trillion yuan each for technology and inclusive finance, and two categories with balances of 1 trillion yuan each for green and digital economy loans [3] - Technology loans reached 2.18 trillion yuan, growing by 8.2% year-on-year, while inclusive small and micro loans reached 1.97 trillion yuan, increasing by 7.1% [3] - Manufacturing loans grew by 13.2% year-on-year, and loans for scientific research and technical services increased by 15.9% [3] Financial Innovation - Shenzhen is advancing financial integration for the technology industry, with 2,552 technology enterprises and 111 projects receiving low-cost financing support totaling 49.86 billion yuan as of September 2025 [3][4] - The "Tengfei Loan" program has provided 6.6 billion yuan in medium to long-term funding support to 121 enterprises [4] Cross-Border Financial Services - Since the implementation of high-level pilot policies in February 2024, over 1,800 enterprises have been covered, with a business scale exceeding 210 billion USD [5] - The FT account transaction amount in Shenzhen reached 361 billion yuan from January to September 2025, marking a 70.7% year-on-year increase [6] - The "Cross-Border Wealth Management Connect" 2.0 measures have attracted approximately 31,000 new individual investors, with total cross-border payment amounts reaching 50.74 billion yuan [6]

Core Insights - The People's Bank of China Shenzhen Branch and the State Administration of Foreign Exchange Shenzhen Branch held a press conference on October 24, revealing significant developments in the FT account expansion initiative [1] Group 1: FT Account Expansion - The number of pilot banks for FT accounts has increased from 2 to 5, with expectations for more banks to implement this by the end of the year [1] - From January to September 2025, the transaction amount for FT accounts in Shenzhen reached 361 billion yuan, representing a year-on-year growth of 70.7% [1] Group 2: Economic Impact - The FT account business pilot is effectively mobilizing financial resources from both domestic and international markets, contributing to cost reduction and efficiency improvement for the real economy [1]

Core Viewpoint - The People's Bank of China Tianjin Branch is actively promoting party building and integrating it with business development, focusing on enhancing political capabilities and improving internal management to achieve high-quality financial services [1][2][5]. Group 1: Party Building Initiatives - The Tianjin Branch has marked the "political birthdays" of over 400 party members, organizing various themed events to strengthen party spirit and community engagement [1]. - The branch has established a core ideology for its party building brand, emphasizing "iron faith, iron style, and iron discipline" based on the "Three Iron" spirit [2]. - A total of 25 measures have been proposed to deepen political organization construction and enhance party building [2]. Group 2: Practical Implementation - The branch has implemented 12 quantifiable and replicable projects to improve the quality and effectiveness of party building work [3]. - Continuous learning of the party's innovative theories is emphasized, with 33 sessions held to reinforce theoretical education among party members [2][4]. - The branch has organized various activities to promote the "Three Iron" spirit and encourage practical problem-solving within the community [4]. Group 3: Business Development and Financial Performance - In the first half of the year, the social financing scale in Tianjin reached 3,058 billion, the highest level in nearly a decade, with loans increasing by 1,527 billion [5][6]. - The average interest rate for corporate loans has decreased to 3.41%, down by 0.47 percentage points year-on-year, indicating a favorable monetary environment for high-quality development [6]. - The branch has initiated 20 highlight projects to support high-quality development in Tianjin, including innovative measures for trade and financing [6]. Group 4: Governance and Compliance - The branch is committed to improving internal management and compliance, ensuring a disciplined and efficient operational environment [8][9]. - A "head goose effect" is promoted, where leadership sets an example for grassroots party building, enhancing communication and feedback mechanisms [9]. - The branch has achieved zero errors in accounting operations and maintained a record of zero incidents in fund operations over 40 years [9]. Group 5: Future Commitment - The Tianjin Branch aims to further advance party building and strict governance, ensuring that high-quality party building leads to high-quality financial development [10].

Group 1: Cross-Border Trade and Financial Services - Chinese foreign trade enterprises are expanding globally, with a focus on energy needs in Africa and consumer goods in Southeast Asia [1] - The use of multi-central bank digital currency bridges (mBridge) has significantly reduced cross-border payment times from 1-3 days to just 8 minutes, enhancing efficiency for businesses [2] - The implementation of forward foreign exchange settlement and sales operations allows companies to lock in exchange rates, mitigating risks associated with currency fluctuations [3] Group 2: Financial Innovations and Support - Financial institutions are providing essential support to maintain growth in foreign trade, with services like forward foreign exchange operations and free trade accounts reducing costs for businesses [3] - Policy measures, such as expedited registration for trade foreign exchange receipts and increased limits for special refunds, are facilitating smoother operations for foreign trade enterprises [4] - The introduction of local currency accounts by cross-border payment companies like PingPong has improved payment efficiency, allowing for instant transactions and streamlined compliance processes [5] Group 3: Market Data and Trends - In the first seven months of the year, Shanghai's total cross-border RMB payments reached 18.83 trillion yuan, with total foreign-related receipts amounting to 3.26 trillion USD [5] - As of July, 1171 foreign institutions have entered China's interbank bond market, with a total bond holding balance of 3.93 trillion yuan, indicating growing international interest [5]

Core Insights - The article highlights the innovative financial services introduced by China Construction Bank (CCB) Shenzhen Branch to support foreign trade enterprises in response to the evolving international trade environment and financial needs [1][6]. Group 1: New Payment Tools - CCB Shenzhen Branch has launched the "Cross-Border Easy Payment" tool, enabling zero-cost, instant cross-border RMB payments, significantly enhancing payment efficiency and reducing exchange costs for enterprises [2]. - The new payment system utilizes blockchain technology for point-to-point transactions, eliminating the need for multiple intermediary banks and reducing the risk of excessive audits due to information asymmetry [2]. Group 2: New Account System - The bank has expanded its foreign and domestic currency unified account pilot program, allowing enterprises to manage multiple currencies through a single account, thus improving fund allocation efficiency and reducing management costs [3]. - The upcoming launch of the Free Trade Account (FT Account) will facilitate easier cross-border fund transfers and financing options for eligible foreign trade enterprises, enhancing their ability to utilize both domestic and international resources [3]. Group 3: New Settlement Channels - CCB Shenzhen Branch has developed a "Sunshine Settlement" solution for cross-border e-commerce, ensuring compliance throughout the entire process of collection and settlement, thus addressing the challenges faced by small sellers [4]. - The bank has processed a total of 4 billion yuan in sunshine payments for cross-border e-commerce, demonstrating its commitment to supporting this growing sector [4]. Group 4: New Financing Products - The bank has introduced the "Foreign Trade Loan" as part of its "Cross-Border Quick Loan" product line, providing online, unsecured, and low-cost financing options tailored for small and micro foreign trade enterprises [5]. - Since 2025, the bank has served over 100 small foreign trade enterprises through its cross-border financing products, achieving a year-on-year growth rate of 72% [5]. - The introduction of cross-border e-commerce performance guarantees has streamlined the approval process for financing, providing strong credit support for domestic enterprises expanding into overseas markets [6]. Group 5: Policy Support and Market Impact - The financial innovations are backed by strong policy support from the Shenzhen Comprehensive Reform Pilot Program and the "Thirty Measures for Financial Support in Qianhai," which provide clear guidance and ample policy space for the bank's initiatives [6]. - The number of foreign trade enterprises served by CCB Shenzhen Branch has steadily increased, with a nearly 45% year-on-year growth in cross-border RMB settlement volume, enhancing the resilience and international competitiveness of Shenzhen's foreign trade enterprises [6].

Core Insights - The Guangdong Free Trade Zone (FTZ) has seen significant developments in financial support and innovation over the past decade, particularly in cross-border trade and investment facilitation [1][7] - The introduction of the "FT Account" has provided companies with advantages in foreign exchange risk management, allowing for more efficient capital turnover and reduced costs [3][7] - The establishment of the cross-border data verification platform has enhanced the efficiency of credit assessments and loan approvals for businesses operating in the Guangdong-Macao cooperation zone [4][5] Financial Innovations - The "FT Account" allows for integrated onshore and offshore currency transactions, providing a more favorable exchange rate for enterprises, which has been crucial for companies facing long-term contracts and exchange rate volatility [3][7] - The implementation of the "fund flow credit information sharing platform" aims to address the credit information gap for small and micro enterprises, facilitating easier access to financing [5][7] Industry Impact - The shipbuilding industry in Guangzhou is experiencing high demand, with orders extending to 2029, but companies are increasingly concerned about the impact of currency fluctuations on profitability [2] - High-tech enterprises in the environmental monitoring sector are leveraging innovative financing solutions, such as the "fund flow + science and technology quick loan," to meet substantial R&D funding needs [6]