Notice in relation to Measures for Market Expansion Work of Service Enterprises
28 March 2025
On 28 March 2025, the Shenzhen Municipal Bureau of Commerce (“the authorities”) issued the “Notice in relation to Measures for Market Expansion Work of Service Enterprises” (“the Measures”). The authorities announced to support eligible enterprises in participating in the pilot project on facilitation of cross-border trade and Renminbi settlement, encouraging banking institutions to optimize cr0ss-border fund settlement services and exchange rate hedging services, and supporting enterprises to open multi-currency bank settlement accounts in both local and foreign currencies.