10. Expand two-way financing channels at home and abroad. Support qualified banks to explore and study providing non-resident M&A loan services for "going global" enterprises in the Shanghai Free Trade Zone with reference to international practices, with the loan amount not exceeding 80% of the M&A transaction price and the loan term not exceeding 10 years. Support banks to meet the financing needs of multinational companies' domestic and overseas member units through "overseas direct loans," "domestic guarantees for overseas loans," "overseas guarantees for domestic loans," and other forms under the premise of controllable risk and commercial rationality. Support enterprise group finance companies to carry out "overseas guarantees for domestic loans" business, pool funds from overseas member units and provide financing support, facilitate the overall domestic and overseas financing of enterprise group member units, and reduce financing costs. Improve the development and supervision system of "Yulan Bonds," and further enrich value-added services such as agency interest payment and redemption, and corporate behavior handling.
11. Use blockchain technology to standardize the development of supply chain finance. Leverage the role of key industrial chain leading enterprises, use blockchain, big data, and other technologies to achieve information on key links such as orders, logistics, and warehousing on the chain, carry out carbon footprint certification pilots, gradually build a green and low-carbon supply chain system, implement differentiated credit management for supply chain finance, improve the supply chain finance product system, standardize the development of financing products such as accounts receivable, order financing, and warehouse receipts and inventory pledge, and increase credit support for upstream and downstream enterprises in the industrial chain. Support banks in Shanghai to better serve "going global" enterprises in the Yangtze River Delta and other regions through supply chain finance. Support financial institutions to rely on the landing application of "Shipping and Trade Digital Chain," through the on-chain storage and cross-matching of electronic documents, to provide auxiliary verification for trade settlement, trade financing, cross-border insurance (cargo insurance, ship insurance, etc.) for entities on the chain. Support the Shanghai Clearing House to enrich the participation group and clearing products of the "Clearing Link" for bulk commodities, promote the landing of cross-border RMB clearing and settlement services, and support financial institutions to steadily expand the application scenarios of supply chain finance and extend to areas such as carbon emission rights.
12. Facilitate cross-border financing of financial leasing companies and others. Explore and support financial leasing companies to carry out parent-subsidiary foreign debt quota sharing business. Facilitate the use of foreign currency rents collected by financial leasing companies (including financial leasing companies) in China, allowing them to be used for repaying foreign currency debts, paying overseas rents, and paying for leased goods overseas and other compliant purposes. Support financial leasing companies (including financial leasing companies) and subsidiaries to carry out overseas financial leasing business and serve "going global" enterprises. Support overseas branches of financial institutions to actively provide financing support for overseas sales of automobile groups.
(4) Strengthen insurance protection and improve risk management level.
13. Increase insurance support for export enterprises. Increase insurance protection for key export enterprises such as domestic commercial aircraft, new energy vehicles, and large-scale complete equipment, promote cooperation between insurance companies and reinsurance companies, establish insurance communities, and enhance the ability to protect special risks. Support insurance companies to provide insurance services for shipping and other related fields according to China's new export advantages, new trends, and industry characteristics, and continuously optimize insurance products.Support insurance companies in developing overseas clinical trial and high-end medical equipment liability insurance for biopharmaceutical enterprises, and provide support to insured enterprises. Strengthen insurance coverage for cross-border personnel in areas such as accidental injury, medical treatment, and diseases, and support insurance companies in developing cross-border personnel insurance products. Encourage airports, ports, travel agencies, and other units to facilitate the purchase of insurance products for cross-border personnel. The Shanghai Financial Regulatory Bureau will guide relevant institutions to deepen the construction of the "Belt and Road" global inspection service network, enhance network functions, and expand coverage areas. Support the Shanghai Shipping Insurance Association in formulating internationally compliant, globally influential shipping insurance underwriting, claims, and recovery operation guidelines and standardized document templates.
14. Enhance the service level of export credit insurance policies. Support insurance institutions in optimizing and improving export credit insurance products and comprehensive service plans based on enterprise operations, project countries, and financing models, and continuously optimize claims conditions under the premise of meeting risk control standards to better provide risk protection for small and micro enterprises. Rely on the China (Shanghai) International Trade "Single Window" to actively provide "fully online, collateral-free, low-cost" convenient financial services to eligible small and medium-sized enterprises. Upgrade the "credit insurance + guarantee + bank" financing model, optimize the Shanghai foreign trade high-quality development tripartite cooperation list for credit insurance financing services, and provide batch active credit to cross-border e-commerce, service trade, and customs advanced certification enterprises. Encourage banks to dynamically adjust country risk ratings and limits in a timely manner based on the "National Risk Analysis Report" issued by policy export credit insurance institutions.
15. Provide high-quality reinsurance services. Support the establishment of insurance companies, reinsurance companies, and insurance brokerage companies specializing in reinsurance business in the Lingang New Area, and steadily promote online transactions for cross-border reinsurance and domestic reinsurance businesses. Focus on key areas such as the joint construction of the "Belt and Road," aerospace, and green shipping, and study the feasibility of piloting new risk transfer product issuance and trading to enhance the global underwriting capacity for "going global" enterprises and projects. Strengthen central and local support for the Shanghai International Reinsurance Registration and Trading Center, and improve supporting policies such as supervision and local financial support. Support the electronic circulation of VAT invoices for reinsurance through the Shanghai International Reinsurance Registration and Trading Center. Implement cross-border reinsurance premium statistics and release rules, and conduct statistics and release of cross-border reinsurance premium income through the registration and trading center based on the principles of domestic addition and non-repetition.
(5) Improve comprehensive financial services and enhance global allocation capabilities.
16. Enhance the function of important financial platforms in allocating global resources. High-level preparation of the international financial asset trading platform, aiming to become an important functional platform for allocating global financial resources and facilitating international investors' deep participation in China's financial market. Support the Shanghai Gold Exchange and other exchanges in conducting product authorization cooperation with overseas exchanges, and expand the application of RMB benchmark prices in international mainstream markets. Explore the internationalization of specific product deliveries at the Shanghai Gold Exchange and set up overseas delivery warehouses.
17. Improve the convenience of global asset management. Support Qualified Domestic Limited Partner (QDLP) pilot enterprises in reasonably improving the efficiency of fund use under the premise of compliance, allowing the subscription of domestic low-risk level (R2 and below) money funds, cash management wealth management products, and time deposits, and subscribing to overseas cash management products based on the characteristics of the main fund's openness. Support QDLP pilot enterprises in completing domestic fund raising and fund establishment, and then remitting funds abroad in batches according to the needs of the main fund. Support the expansion of QDLP fundraising sources and explore raising funds in both local and foreign currencies.
18. Improve the functions of various comprehensive service platforms. Enhance the "online + offline" comprehensive service capabilities, upgrade the "Belt and Road" comprehensive service center, iteratively upgrade the "Silk Road e-Travel" mini-program and financial service functions, promote the integration and docking of bank and enterprise resources, and achieve seamless integration of online traffic and offline professional services. Promote the cross-border sharing and exchange of international trade-related documents, port logistics, and other data between offshore trade service platforms such as Offshore Connect and Cross-border Connect and major trading regions.
III. Safeguard Measures
(1) Establish a promotion mechanism and jointly promote implementation.
The Shanghai Municipal Party Committee Financial Office, the People's Bank of China Shanghai Headquarters, the Shanghai Financial Regulatory Bureau, the Shanghai Securities Regulatory Bureau, the State Administration of Foreign Exchange Shanghai Branch, the Shanghai Development and Reform Commission, the Shanghai Commerce Commission, the Shanghai Economic and Information Commission, the Shanghai State-owned Assets Supervision and Administration Commission, and financial institutions will form a task force to provide a "financial service package" for "going global" enterprises and encourage Shanghai-based financial institutions to "go global."
(2) Strengthen publicity and promotion, and refine and implement services.
Carry out the "Hundred Parks and Thousand Enterprises Deliver Finance" activity, and comprehensively use network releases, counter guidance, and other methods to promote policies. Relevant departments, key districts, and financial institutions will designate personnel to organize and provide services. Establish an expert database, form professional teams, set up demonstration outlets, and provide integrated services in local and foreign currencies, offshore and onshore, and corporate and individual services.
(3) เสริมการให้บริการทางกฎหมายและสร้างสภาพแวดล้อมที่ดี
ปรับปรุงกลไกการบัญญัติกฎหมายการเงิน การกำกับดูแล และการแก้ไขข้อพิพาท สนับสนุนเซี่ยงไฮ้ในการสำรวจระบบการเงินนอกฝั่ง
ธนาคารกลางจีน
หน่วยงานกำกับดูแลการเงิน
สำนักงานบริหารการแลกเปลี่ยนเงินตราต่างประเทศแห่งรัฐ
รัฐบาลนครเซี่ยงไฮ้
วันที่ 25 มีนาคม 2528
