Two pilot policies in the Qianhai Free Trade Zone have been officially implemented, with the first transaction successfully completed.

Reporters learned from the Shenzhen branch of the State Administration of Foreign Exchange that starting from May 9th, the Qianhai Free Trade Zone has launched two pilot policies to further facilitate the use of capital project settlement funds and optimize the process of returning settlement funds in foreign exchange NRA accounts. On the first day of the pilot, an AI application company in the Qianhai Free Trade Zone was the first to benefit, successfully lending 2 million RMB to its controlling company, effectively activating the company's settlement funds, improving the efficiency of fund utilization, and providing strong support for the expansion of the company's operations. According to the pilot policies, the further facilitation of the use of capital project settlement funds allows non-financial enterprises in the Qianhai Free Trade Zone to use foreign exchange income under their capital and external debt items and the RMB funds obtained from settlement for borrowing to non-related enterprises, as long as they comply with the principle of authenticity. The pilot policy for optimizing the process of returning settlement funds in foreign exchange NRA accounts allows settlement banks to temporarily store funds in internal accounts when funds returned to domestic accounts from foreign exchange NRA accounts due to certain objective factors are not resolved within 24 hours, and then repatriate the funds back through the original route. With the optimized refund process, business operations are more flexible and can avoid exchange losses caused by objective factors leading to refunds.