Zhu Hexin: China optimizes foreign exchange services for technology-based enterprises

China News Service, Tianjin, October 16 (Reporter Xia Bin and Zhou Yaqiang) Zhu Hexin, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said in Tianjin on the 16th that China continues to optimize foreign exchange services for technology-based enterprises and has launched a number of measures to facilitate cross-border trade and cross-border financing to support more technology-based companies to effectively utilize both domestic and international markets and resources.

On the same day, the 2026 Tianjin Five Avenues Financial Forum hosted by Nankai University opened. The theme of this forum is "Great Power Innovation and Financial Power". Zhu Hexin attended and delivered a keynote speech.

Zhu Hexin introduced that in terms of cross-border trade facilitation, China has included specialized, specialized, innovative and other scientific and technological enterprises in high-level open pilot projects for cross-border trade to improve its level of facilitation of foreign exchange receipts and payments in trade.

In terms of cross-border financing facilitation, he said that China has increased the cross-border financing facilitation quota nationwide to the equivalent of US$10 million for high-tech, specialized, special and technology-based small and medium-sized enterprises; for "innovation points system" enterprises, the quota has been increased to US$20 million.

Zhu Hexin said that the People's Bank of China and other departments comprehensively use loans, bonds, equity, insurance and other means to provide full life cycle and full chain financial services for various innovative entities.

He also said that Tianjin is an important member of Beijing (Beijing-Tianjin-Hebei) International Science and Technology Innovation Center, and the People's Bank of China will continue to support Tianjin in improving its science and technology financial service system and promoting a virtuous cycle in the financial and technology industries.