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Three Ministries: Steadily Increasing the Level of Financial Sector Opening-Up
Svmuu News: The Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance have jointly issued the “Action Plan for Stabilizing, Promoting, and Optimizing Foreign Investment.” The plan states that the level of openness in the financial sector will be steadily increased. While improving regulatory coordination and risk prevention and control, the plan supports more foreign-funded institutions in utilizing risk management tools—including government bond futures—to strengthen financial risk management. Foreign institutions will be supported in conducting fund investment advisory services in accordance with the law. Cross-border business management will be optimized, and cross-border financing quotas will be provided to key foreign-invested enterprises. Domestic banks will be encouraged to offer “customer-on-behalf” international settlement documentation services to large foreign-invested enterprises. Pre-filing consultation services for stock exchange listings will be optimized to support eligible key foreign-invested enterprises in raising capital through domestic listings. (Jinshi)
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