Tianjin Free Trade Area Financial Reform And Innovation Take A Key Step

The Tianjin branch of the people's Bank of China has made vigorous efforts to promote policy advocacy and innovation since the publication of the "people's Bank of China's Guiding Opinions on financial support for the construction of free trade pilot zones in China (Tianjin)" issued by the people's Bank of China as the "gold reform 30". Seven innovative businesses have been successfully handled.

Financial reform and innovation in FTA have taken a key step.

Cross border two-way RMB capital pool business has become a bridge between international and domestic capital.

China Merchants Bank Tianjin branch has signed an agreement with ICBC Agricultural Bank of China Financial Leasing Co to carry out this business. ICBC leasing has collected 5 billion yuan of production and operation funds from overseas to domestic pools, becoming the first rented enterprise in Tianjin free trade area to carry out cross-border two-way RMB capital pool business, and truly realize capital allocation between different markets under the global capital management mode.

To deal with RMB and foreign exchange derivatives for overseas institutions, and better meet the needs of market players to avoid exchange rate risks and hedging.

The Tianjin branch of China Merchants Bank has handled foreign exchange derivatives trading volume of 820 million US dollars for overseas institutions, which provides convenience for "going out" enterprises to effectively avoid exchange rate risks.

Class A enterprises do not need to open accounts to be verified, so that they can increase their trade income.

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The Construction Bank of Tianjin 7 sub enterprises in the sub district of the city of Commerce handled 112 business pactions in the trade of goods, with an amount of $8 million 520 thousand.

Leasing companies collect foreign currency rents, which will play an important role in accelerating the construction of national leasing innovation demonstration zones.

The financial leasing project of the Tianjin branch of the industrial and Commercial Bank of China has successfully handled the foreign currency rental business with the amount of $3 million 130 thousand.

Direct investment in foreign exchange registration, decentralization of banks, facilitate the operation of cross-border investment funds.

Up to now, the bank has registered 132 entries for direct investment in foreign direct investment (FDI) by FTA enterprises, with a registered capital of 7 billion 750 million US dollars, 19 changes in FDI registration and cancellation of registration, involving 280 million US dollars, 22 overseas investment (ODI) and 9 billion 800 million US dollars in agreement investment.

The foreign exchange capital of foreign-invested enterprises will be settled by foreign exchange, so as to effectively avoid exchange rate risks.

Up to now, Tianjin FTA has handled 31 foreign exchange capital reserves, totaling 63 million 766 thousand US dollars.

Supporting the coordinated development of Beijing Tianjin Hebei, reducing cross administrative areas

Cost.

As early as the establishment of the Tianjin Free Trade Zone in September 2014, Huaxia Bank held three Beijing, Tianjin and Shijiazhuang co operation cards in Beijing, Tianjin and Hebei at the same time, officially launched the Beijing Tianjin Hebei collaborative card. Holders can enjoy the preferential policies of the Huaxia bank outlets and ATM in the Beijing Tianjin Hebei region.

After the "gold reform 30" landing, the market main body across the administrative area financial paction cost will further reduce, will enjoy more efficient, convenient payment settlement, foreign land deposit, credit guarantee and other business integrated financial services.