The long-awaited. Is regarded as the central bank on the financial support of China (Shanghai) free trade area construction opinions "(hereinafter referred to as the central bank) of article 30 of the most eagerly awaited a content, Shanghai free trade free trade account now has officially opened.

June 18, the people's bank of Shanghai headquarters, the launch free trade account business officially announced the boc, icbc, China construction bank, bank, China merchants bank, pudong, Shanghai seven Banks by qualified to carefully assess the risk, can be opened and enterprise signed a free trade agreement.

At the same time, the bank of China, icbc, China construction bank, bank of pudong, Shanghai is through a separate accounting accounting system of the people's bank of acceptance, system has access to the central bank of Shanghai headquarters, which means the five Banks have to open free trade account. In fact, as an infrastructure, Shanghai free trade zone in late may, after almost a year, free trade zone dividing zhang released detailed rules for the accounting system, has set rules for free trade account opening moment, began.

21st century economic report reporter learned that, from now on, all conform to the conditions and the main area of the foreign institutions in the system has access to the acceptance of the financial institutions to open account and use the free trade, free trade area not only in financial institutions branch, the branch in the Shanghai area is dealt with.

"Open an account, in the main body and foreign institutions can deal with cross-border capital settlement under often and direct investment, this aspect will rarely then restricted. The investment and financing under the capital account, supporting the relevant exchange policy is needed." A commercial bank, free trade zone branch responsible person.

The bank first

18, / - 0.72% of funding research to the bank of China Shanghai branch opened the first free trade account. Account opening party for saic / - 1.85% of funding research to a wholly owned subsidiary within the free trade zone, Shanghai automobile international trade co., LTD. (hereinafter referred to as saic international trade). Open an account on the same day, saic itc also completed the first foreign direct investment funds transfer, currency exchange, and under the l/c opening and a series of operations.

Separate accounting accounting business, for example, Shanghai international trading funds through the enterprise general account delimit its free trade account, and through the bank of China in flat for dollars remitted after Chile in South America, the smooth completion of Shanghai international trade overseas investment project start-up capital.

"Than ever before, saic international trade outside the project funds transfer and payment channels are new, the customer more than a pay channel choice, because money is a unified the rules of a free trade account, cost efficiency and has the advantage." The free trade zone branch bank manager said.

He further stressed that the business more iconic meaning is, in a free trade account, the funds transfer prices are flat rate undertaken within the free trade area, an unprecedented on exchange rate formation mechanism.

At the same time, the bank of China on the same day also deal with the free trade account for saic international l/c issuing business, to overseas purchasing auto parts, can meet the needs of enterprise production and processing.

The 21st century economic reporter understanding, in fact, through usual channels, cross-border business could also do the l/c issuing. The central bank to select this as this is for show entity enterprise, for the traditional financial business, also can carry out free trade account.

Branch director said the Banks free trade zone, free trade account open despite the reform of some of the money transfer, settlement business, more convenient, but at this stage, the free trade account is used only in deal with regularly and cross-border capital settlement under direct investment, investment and financing in the capital item also can not deal with the business.

"Part of the business also need to the CSRC, circ regulatory further investment and financing policy rules." He said.

In fact, according to separate accounting accounting rules, all financial institutions in the Shanghai area to establish separate accounting accounting unit by the requirement, not limited to area; Is not limited to the banking financial institutions, securities, insurance and other non-banking institutions can deal with free trade area separate accounting accounting business.

But a little bit careful observation is not hard to find, the first access to financial institutions are based on commercial Banks, the central bank system, zhang, deputy director of the bank of Shanghai headquarters, also due to the construction of the system involved in the internal management mechanism, bank foundation is better, securities and insurance industry to further promote free trade account opening work.

The Shanghai gold exchange access system

In the 18th conference, the central bank also announced that the Shanghai gold exchange will be launched in free trade area of the international gold business settlement into the account of the free trade system, as a domestic onshore market, the Shanghai gold exchange will be connected to the system of the people's bank of Shanghai headquarters.

"This is mainly for the gold international edition (Shanghai international gold trading center) in the proposed re-examination, free trade accounts can facilitate international investors to participate in the gold." The free trade zone branch responsible person.

Reporter learned that the 21st century economy, Shanghai bank signed the international gold trading center will also separate accounting accounting unit open free trade account, and international investors to participate in the international business for the area related to the settlement and clearing services. Qualified overseas and within the free trade area of the customer can sign in icbc, CCB, boc, Shanghai pudong development bank of four separate accounting accounting unit in free trade account opening, to participate in the gold.

, director of the Shanghai gold exchange of xu roeder told reporters that through free trade account, offshore funds involved in gold deal with system arrangement, from the regulatory level, because open free trade account in a bank account, access to the Shanghai headquarters regulation system, convenient money monitor.

"Shanghai gold exchange, the international board business rules has been basically completed, the gold delivery warehouse has been through the customs inspection. Plan to launch within the gold plate of international business." He said.

21st century business herald reporter also learned that gold in the international version do two, one is the introduction of foreign investors, offshore funds to participate in trade, to try to through the formation of the onshore and offshore investors money transactions together, form the Shanghai gold under the RMB quotation. On the other hand, also tried to Shanghai into a global gold transit center.

"Currently, many institutions in application to become a member of the international gold edition, mainly for global Banks, domestic Banks, etc." The free trade zone branch responsible person.

So quickly introduce the Shanghai gold exchange, the central bank system, the people's bank of re-examination has revealed. New day, said the Shanghai gold exchange access separate accounting management system, aimed at international market trading platform for other free trade zone construction provides experience model. "We are a free trade area construction, in the international financial center (clear) the construction of an international trading platform is an important financial reform agenda."