Recently, it was learned from the press conference on the innovation projects of Guangxi (Nanning) Financial Innovation Joint Lab that, after almost half a year’s efforts, Guangxi (Nanning) Financial Innovation Joint Lab has studied and launched a batch of financial innovation applications through piloting new policies on financial innovation and deeply integrating into regional development, and many innovative activities have been rolled out so far.
Through drawing on the advanced experience of free trade zones in Shanghai, Guangdong and other places, Guangxi (Nanning) Financial Innovation Joint Lab explores the ways to innovate in and facilitate the use of NRA account of China (Guangxi) Pilot Free Trade Zone, deepens the opening-up and innovation in financial sector, and implements the principle of facilitation in terms of financial services. At the same time, it also explores ways to strengthen the inter-bank cooperation between large state-owned commercial banks settled in Nanning and local city commercial banks as well as domestic and foreign banks. Through providing regular activities such as the establishment of letters of credit, trade financing, and derivative trading, as well as providing capital activities including account settlement for securities investment and comprehensive inter-bank cross-border financing, they will jointly enhance the financial support of financial industry in Guangxi for foreign trade entities.