07 July 2024
On 7 July 2024, the Commerce Bureau, the People’s Bank of China, the National Financial Regulatory Administration, and the State Administration of Foreign Exchange jointly issued the “Opinions on Strengthening the Coordination between Commerce and Finance and Making Greater Efforts to Support the High-quality Development of Cross-border Trade and Investment” (“the Opinions”). The Opinions focus on 11 policy measures in 5 areas, including promoting international cooperation in foreign trade supply chain and optimising the environment for foreign investment. The Opinions encourage banks and insurance institutions to participate in domestic and overseas investment promotion activities, strengthen cooperation with foreign-funded enterprises, and provide more diversified and professional financial services. The Opinions will be implemented from 7 July 2024.