Ministry of Commerce: Support multinational companies with investments or registration in the local area to conduct cross-border fund concentration operation business in RMB.

2025-04-18 08:52:20

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[Ministry of Commerce: Support multinational companies investing or registered locally to conduct cross-border centralized operation of funds in RMB] The Ministry of Commerce issued the “Implementation Plan for Accelerating the Comprehensive Pilot Work of Expanding Opening-up in the Service Industry,” which mentions promoting international cooperation in the financial sector. Gradually expand the business scope of financial institutions, increase support for technological innovation and the development of small and medium-sized enterprises, enhance the convenience of capital flow in capital and financial account transactions in international balance of payments, and support multinational companies investing or registered locally to conduct cross-border centralized operation of funds in RMB. Deepen the pilot of Qualified Foreign Limited Partnership (QFLP). Innovate and develop new types of offshore international trade. Develop green finance and transformation finance, and strengthen international cooperation in green finance. (Ministry of Commerce)

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