China's eight government departments issued guidance to advance high‑level
financial opening and deepen measures easing cross-border trade and investment
financing. The package encourages service‑sector firms to prioritise RMB pricing
and settlement, and aims to boost financial institutions' onshore‑offshore
resource allocation and international competitiveness. It calls for optimisation
of integrated cross‑border services—settlement, FX hedging, cross‑border
financing and external guarantees—to support outbound expansion and increase
firms' international market participation. The guidance also directs continued
development and deployment of a multilateral CBDC bridge and the CBETS
cross‑border settlement platform to provide multiple channels for efficient,
low‑cost cross‑border fund settlement for outbound service companies.
