State Administration of Foreign Exchange: More private enterprises in high-tech and "specialized, refined, unique, and innovative" fields will be included in the cross-border financing facilitation policy

On February 20, Jin Ten Data reported that on February 20, Zhu Hexin, Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over a meeting of the Party Leadership Group (expanded). The meeting emphasized that the State Administration of Foreign Exchange system should strengthen overall awareness, systematic thinking, and the spirit of the rule of law, effectively promoting the healthy and high-quality development of the private economy. It will continue to assist in solving the financing difficulties and high costs faced by private enterprises, advance the reform of corporate external debt management, and include more private enterprises in high-tech and "specialized, refined, distinctive, and innovative" fields within the scope of cross-border financing facilitation policies, better meeting the cross-border financing needs of private enterprises. There will be increased support for private foreign trade enterprises, promoting the optimization and expansion of trade facilitation policies, and supporting the standardized and innovative development of new trade formats. The implementation of relief policies will be taken seriously, focusing on the "five major articles" of finance, enhancing market communication and policy evaluation, improving the precision of foreign exchange management policies, and helping to stimulate the internal driving force for the development of private enterprises. It will adhere to the rule of law in administration, strengthen law enforcement supervision, and effectively protect the legitimate rights and interests of private enterprises and entrepreneurs