Shenzhen has unveiled a comprehensive plan aimed at fostering the high-quality development of service and digital trade. Key strategies include broadening the scope of RMB local currency settlement, refining cross-border financial services, engaging proactively in the multilateral central bank digital currency bridge initiative, expanding the use of exchange rate hedging tools, and enhancing export credit and credit insurance offerings. These efforts are designed to bolster the internationalization of enterprises and foster innovation in the free trade account system and the integrated bank settlement account for domestic and foreign currencies. Ultimately, these measures aim to facilitate smoother participation by overseas investors in the funding of Shenzhen's technology enterprises through the Qualified Foreign Limited Partner (QFLP) method.
