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To further facilitate cross-border trade payments, the National Foreign Exchange Administration (SAFE) will expand the scope of its high-level cross-border trade openness pilot program to include more regions. The initiative will also broaden the range of transactions eligible for netting settlement, covering trade payments and related service fees, thereby reducing overall capital settlement costs.

On November 7, to accelerate the cultivation and opening of scenarios and to promote the large-scale application of new scenarios, the State Council issued the "Implementation Opinions on Accelerating the Cultivation and Opening of Scenarios to Promote Large-Scale Application of New Scenarios" (State Council Document [2025] No. 37), which outlines multiple categories of key economic and social application scenarios.

Guangdong successfully launched the pilot program on October 15, 2025. On the first day, China Construction Bank and Bank of China facilitated offshore trade transactions for five enterprises, with total foreign exchange receipts and payments reaching $1.6 million. By leveraging blockchain technology to integrate multi-source data, the platform has reduced the offline verification process from 2-3 days to under 30 minutes. This effectively addresses challenges in verifying trade authenticity, enhances the efficiency and security of cross-border financial services, and supports enterprises in their global operations.

The Hong Kong SAR Government has further enhanced the implementation arrangements for the Northbound Travel for Hong Kong Vehicles scheme. Applicants approved to participate in the scheme need not apply for “Closed Road Permits” or pay permit fees. Upon receipt of an electronic approval letter issued by the Hong Kong Transport Department, drivers can proceed to book their trips online.

the deepening biomedical collaboration between Hong Kong and Shenzhen, highlighting the pivotal role of the Hetao Cooperation Zone. It showcases how companies leverage Hong Kong's international resources and Shenzhen's manufacturing strength for joint R&D and global market expansion, with policy support facilitating cross-border flows of data, talent, and capital.

Hong Kong's pivotal role in advancing biomedical innovation within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Leveraging its strengths in international finance, regulatory frameworks like the "1+ mechanism," and world-class research, Hong Kong collaborates with mainland cities to drive industry upgrades, support startups, and attract global investments, positioning the GBA as a leading biotech hub.

Guangdong’s medical regulator said on 18 July that the “Hong Kong & Macau Drug and Device Access Scheme” now covers 45 hospitals across all nine mainland GBA cities, having imported 116 products—52 drugs and 64 devices—benefiting over 10,000 patients.

On June 19, Foshan released its Action Plan for Developing the Silver Economy to Promote Well-being, launching 24 measures in four areas: improving elderly care services, cultivating the silver industry, enhancing product supply, and strengthening national defense.

The central bank has set up a special re-lending facility for service consumption and elderly care with a quota of 500 billion yuan, an interest rate of 1.5%, and a term of one year, which can be extended twice for up to three years. It supports the fields of service consumption and elderly care and

Guangdong Province has released the Implementation Plan for the Special Action to Boost Consumption. It implements actions such as employment and income increase, support and protection, and quality improvement of service consumption to promote consumption upgrading and drive high-quality economic d

The Central Government has drawn up a work plan for the systematic implementation of a strategy to upgrade Mainland China’s free trade zones (FTZs) over the next five years. The objectives are to enhance the competitiveness of the country’s foreign trade, to liberalise and facilitate investment, and

The Chinese government has issued a notice through six relevant departments to streamline the departure tax refund policy and boost inbound consumption. This includes making domestic purchases over 200 CNY eligible for tax refunds upon departure.

The owner of the old car, the owner of the new car, and the subsidy applicant must be the same person.

Applications are now open for the Guangdong Provincial Basic and Applied Basic Research Fund projects. Hong Kong and Macao personnel may participate as individuals or as collaborative research entities. Online applications are accepted in multiple batches: the Provincial Natural Science Fund deadline is June 10; the Provincial-Municipal Joint Fund Youth Fund project deadline is September 2; and most other projects have a deadline of June 23.