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13 ministries and commissions issued the "Guangxi Zhuang Autonomous Region to build a financial open portal overall plan for ASEAN"

January 11, 2019 18:44
source: Central bank website

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Summary
[People's Bank of China: Support Guangxi to explore the overseas investment of qualified domestic investors] 13 ministries and commissions issued the "Guangxi Zhuang Autonomous Region to build a financial open portal for ASEAN", Guangxi will build a financial open portal for ASEAN, support Guangxi to explore qualified domestic investment Pilots of overseas investment; ASEAN issuers will be allowed to issue RMB bonds to the domestic bond market. (Central Bank)

13 ministries and commissions issued the "Guangxi Zhuang Autonomous Region to build a financial open portal for ASEAN", Guangxi will build a financial open portal for ASEAN, support Guangxi to explore the pilot investment of qualified domestic investors; will allow ASEAN issuers to issue RMB to the domestic bond market Bonds.

The "Proposal" proposes to increase financial support for cross-border e-commerce and promote the construction of China (Nanning) cross-border e-commerce comprehensive pilot zone. Support the construction of China-ASEAN interconnection project and promote Silk RoadfundThe China-ASEAN Investment Cooperation Fund supports the construction of major projects such as the cross-border roads and railway networks of the Pan-Asian East Line on the Indo-China Peninsula in accordance with the principle of marketization. Introduce more funds into Guangxi to support the implementation of RMB cross-border investment and financing business under the current policy framework. Strengthen the coordination of fiscal policy, industrial policy and financial policy, and support the development of Guangxi's new generation of information technology, high-end equipment manufacturing, new energy vehicles, biomedicine, new materials, energy conservation and environmental protection, cultural tourism, and health care.

The following is the full text of the program:


(Article source: Central Bank website)

                (Editor: DF075)

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