三 departments: Steadily enhance the openness level of the financial industry

Odaily Planet Daily News: The Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance have issued the "Action Plan for Stabilizing and Optimizing Foreign Investment Utilization." The plan mentions steadily enhancing the openness level of the financial industry. Under the premise of improving regulatory coordination and risk prevention and control, it supports more foreign institutions in utilizing risk management tools, including government bond futures, to strengthen financial risk management. It supports foreign institutions in legally conducting fund investment advisory business. The plan also aims to optimize cross-border business management, providing facilitation quotas for cross-border financing for key foreign-invested enterprises.

It guides domestic banks to offer "agency document preparation" international settlement document services for large foreign-invested enterprises. The plan also seeks to optimize pre-application communication services for exchange listings, supporting eligible key foreign-invested enterprises in listing and financing on domestic exchanges. (Jin Shi)