In september 2021, the programme for the reform and opening of the modern services zone for the comprehensive deep sea port was officially launched as a key strategic deployment force to promote deep-sea port integration and high-level institutional opening of the country. The central financial policy of this programme is the opinion on financial support for the zone of modern services cooperation in the former deep sea port, issued in february 2023, which provides for a comprehensive deepening of reform and openness. Over the past three years, the former sea, as a “special area in the special administrative region”, has been increasingly serving as a bridgehead for financial cooperation between deep harbours and a window for the opening of national financial openings through institutional innovations, open pilot market connectivity and ecological co-establishment. In particular, china finance has designed a special section to invite the financial authorities and the financial institutions concerned, who are deeply involved in this fertile land, to draw on their experience in the development of cross-border financial cooperation in other regions in the context of the deep harbor initiative for financial cooperation and eco-building。
Author of the china construction bank, shenzhen city branch
As the core engine of the austro-bay region, the zone of modern services in the former deep sea harbour has an important mission in the country's financial opening innovation field. Since february 2023, when the opinions on financial support for the modern services cooperation zone of the former deep sea port (hereinafter referred to as article 30 on financial support for the former sea) were issued, china's construction bank shenzhen city branch (hereinafter referred to as shenzhen construction bank) has focused on cross-border financial innovation, under the care of the shenzhen city branch of the people's bank of china, in order to generate four broad-based breakthroughs that will contribute to high-quality development in the great bay region。
Cross-border tradeFinancial servicesInnovation
In 2023, the shenzhen city business bureau took the lead nationwide in introducing the concept of “cross-border powerer sunning” and set up a platform for cross-border sunlight services based on a single window for international trade in china (shenzhen), aimed at promoting “compliance declaration, remittance and tax compliance” by cross-border electric operators and at creating a “customs tax” full-process compliance solution, which is an important opportunity for compliance。
With the strong support and professional guidance of the building bank, shenzhen bank interacts closely with shenzhen city business department, the southern electronic crossing, and multiple-wheel design programmes to connect financial institutions with the first cross-border electrician solar services platform. (b) to provide account booking, online collection and remittance functions for the platform's exporters ' enterprises, for example, through the autonomous development of solarized remittance systems。
In april 2024, the platform was officially on line and successfully landed on the first cross-border power provider-sun-line remittance line. Following the inauguration of the innovation business, shenzhen bank has been active in organizing client service activities at its branches, focusing on supporting the former sea transborder electrician enterprises in the zone, while working with the city business bureau and the southern electronics ports to develop a special solar field for cross-border electric operators. By the end of 2025, shenzhen bank had been collaborating with external conservatories, such as shong wan, jung ho, green link, and green buyers, as well as with exporters, to achieve a cumulative 7 billion yuan in business and to reduce efficiency gains in the new business practices of cross-border electric operators through efficient, easy and secure online remittance services。
The majority of traditional importing enterprises pay their suppliers directly through domestic banks, which is accompanied by faster exchange rate fluctuations and higher fob prices than domestic ones. In order to help enterprises to take full advantage of the two exchange rates in both domestic and external markets and to save on exchange costs, shenzhen bank, using the former sealess remittance policy, and the china construction bank (hereinafter referred to as the bank of china), jointly launched a “cross-border and easy to pay” cross-border purchase of remittance products on a full-line basis. Importing firms could re-purchase and remittance abroad without having to open accounts outside their borders, using foreign exchange rates. At the same time, the system connects to the national platform electronicsware trading centre and achieves the first off-site off-shore purchasing platform service of the same industry. As at the end of december 2025, the value of unlost purchases for key enterprises, such as electronic devices, was over $100 million。
Innovation link map
Article 30 on financial support for the former sea states that banks are allowed to provide efficient and expeditious cross-border financial settlement services for genuine and legitimate new types of offshore international trade for eligible enterprises in the former maritime cooperation zone. Support the exploration of online verification of transport invoices in the former maritime cooperation zone to facilitate the transfer of freight within the country. By the end of december 2025, the shenzhen bank had established a new kind of offshore trade for enterprises in the former maritime cooperation zone of over $100 million. The facilitation of foreign exchange payments for domestic freight costs resulted in 2,187 transactions for 14 ex-maritime enterprises, amounting to $10. 29 million, and online inspection of 2,635 invoices。
Cross-border application of digital currency
In september 2025, shenzhen was successful in completing the cross-border remittance of capital-based capital of a former sea port holding firm (the transfer of capital-based capital from a port parent to a holding subsidiary) as a foreign direct investment (fdi) recorded using the multilateral central bank digital currency bridge and as the first cross-border remittance of the multilateral bank digital currency bridge in the construction system。
In the process of landing the operation, financial institutions have been effectively linked to the shenzhen bank, which connects hong kong banks to cross-border transfer of funds through a line-up channel, and enterprises are not required to travel to the internet to submit digital money bridge remittance materials, not only free of money transfer charges, but also more secure and efficient. This initiative is a vivid example of the real economy of the former sea financial innovation services (fiis) and has been instrumental in attracting foreign investment from the former sea。
As of the end of december 2025, shenzhen had established 11 multilateral currency bridge operations totalling rmb 136 million, of which cross-border remittances in the former sea area amounted to rmb 2. 22 million, covering both current and capital transfers。
The shenzhen bank, in cooperation with the former sea administration, at the eighteenth shenzhen international finance fair, jointly released several coins of hard wallets from the country's first chinese construction bank, the “future sea dream” deep harbor. Through the placement of a digital renminbi hard wallet self-help terminal at the young people's dream workshop in the former deep sea, park porters can apply for hardware wallets with deep hong kong features by registering their mobile phone numbers to meet the short-term payment needs of chinese visitors from outside china and to help facilitate the “financial support for former sea article 30” cross-border payment services。
China construction bank, shenzhen city branch, published a few coins of hard wallets in the deep harbour of the former sea dream
In response to the requirement of “financial support for article 30 of the former sea,” that “the former sea cooperation zone be steadily piloted in a single bank clearing account system in foreign currencies to provide high-quality, secure and efficient bank account services to market entities”, shenzhen construction bank landed in the former sea zone in a single account in foreign currency. As of the end of december 2025, 139 high-quality sites had been successfully declared to be eligible for a pilot project, with between one and two networks in each of the administrative regions of the city providing one account in foreign currency and tilting towards priority areas, including nine pilot sites in the former sea cooperation zone; cumulatively, 15318 foreign currency accounts had been opened, of which 1773 foreign currency accounts had been opened in the former sea cooperation zone。
Upgrading of cross-border financing services
“financial support for the former sea article 30” states that “support for the establishment of a local correspondence platform in shenzhen city in the former sea cooperation zone to explore cross-border cooperation on letters of credit in the deep harbour”. In this context, the shenzhen bank and shenzhen inquisition jointly launched the “building the bank-innovation joint innovation laboratory”, a cross-border financing business scene for non-residents' accounts (nras), which provides support for operational audits such as cross-border direct loans。
As interest rates in the united states dollar rose rapidly, z expressed a desire to finance cross-border renminbis, supplementing its operating working capital with relatively lower domestic interest rates and helping companies to reduce the cost of financing. Based on business needs, shenzhen's joint construction (asia) provided a cross-border syndicate loan financing programme for z. During the cross-border syndicate project, shenzhen bank worked with shenzhen trust services ltd. To obtain international credit reports from the company, including information on business registration, financial information, public records, etc., to start a loan for shenzhen bank the survey provided considerable assistance, culminating in the successful processing of cross-border syndicate loans in excess of rmb 500 million, thus opening the way for enterprises to cross-border financing。
Article 30 on financial support for the former sea proposes that, in order to facilitate flexibility in cross-border financing by enterprises in the former sea cooperation zone in the real context of their operations, the limits on extraterritorial lending by enterprises in the former sea cooperation zone be eased and the ceiling on lending be increased from 50 per cent to 80 per cent of the owner's interests。
The shenzhen bank, using the former offshore lending policy, supports enterprises to “go out” and successfully execute offshore lending for a green enterprise of rmb 80 million to efficiently meet the needs of the enterprise for project construction and production equipment in indonesia. At the same time, it has taken the initiative to expand easy channels for the management of enterprises ' cross-border funds and to facilitate the efficient management of local currency funds by enterprises of its members, both inside and outside the country, for the first operation of an integrated pool of foreign currency funds in the former maritime zone of the group。
In order to implement the policy of allowing eligible institutions in the former sea cooperation zone to use their foreign exchange earnings to pay domestic operating foreign currency rents, as set out in article 30 of the financial support for the former sea, shenzhen bank combined cross-bank re-prioring operations with the former sea area advantages. By the end of december 2025, in order to build the hub of the former maritime branch of the bank, the inter-intelligence bank was engaged in cross-reconciliation operations of approximately $350 million to inject financial support into the upstream chain of core enterprises in shenzhen city。
At the same time, the policy of allowing eligible territorial agencies in the former sea cooperation zone to use their own foreign exchange earnings to pay for domestic operating foreign currency leases has been applied proactively to facilitate financial support for the development of former sea leasing operations. By the end of december 2025, 26 payments had been processed in foreign currency, amounting to $8. 19 million。
Individual cross-border service optimization
The proxy witness is fully covered. As the first hong kong residents ' agents to witness the opening of a pilot bank in the mainland for individuals in categories ii and iii, the shenzhen bank continued to promote the use of agents to witness the opening of accounts and to promote the optimization of the process, working together to open all internet sites to receive applications from hong kong residents to witness the opening of accounts, streamlining the opening of accounts, making it possible to sign a third party payment code for a mobile phone number, and addressing the distress of hong kong residents who are unable to verify payment accounts using mainland mobile phone numbers。
Access to pay-as-you-go remittance system. In september 2025, the shenzhen bank launched the self-developed “remuneration buy-in” to facilitate process line upswing and facilitation. The first is free-of-occupancy facilitation to ensure the authenticity of the pay background through bank and payment agency data validation; the second is full-process onlineization, support to customers in uploading material through mobile banks and automated system validation of information; and the third is back-office intensive audits, which significantly compress the length of approvals and effectively improve efficiency and service experience. By the end of december 2025, the shenzhen bank had opened a total of 4680 bank accounts for hong kong residents through the proxy witness model, with a steady increase in the number of accounts opened, with an increase of 30 per cent in the ring in the second half of 2025; the account was more active, with a cumulative number of 240,000 transactions and an average of 5. 1 transactions per month。
Future directions
As a next step, the shenzhen bank will continue to explore and develop ex-sea financial services around the following areas。
Establishment of a system of free trade accounts (ftas) for the former ftas. The first 20 internet sites were launched, the second was expanded to 50, and the innovative sale remittance “on-shore + off-short” portfolio service programme was developed in a step-by-step manner to promote full coverage of former maritime registered business clients and nra customer ft account services and enhance the outreach of former maritime foreign trade enterprises。
The four high-energy platforms in the former sea are working together to achieve new breakthroughs. One is the integrated circuit and electronic devices trading centre, which optimizes cross-border payment line service functions and promotes cross-border renminbi growth from $100 million to $2 billion. The second is the former sea joint trading centre, which enters into cross-border trade cooperation breakthroughs for bulk commodities through letters of credit, warehouse receipt financing, etc. Third is the former sea stock exchange centre, which is actively involved in the “drive-to-the-port” service, with sales collections of no less than $5 billion (an increase of 25 per cent). Fourth, the former sea out e station has made a breakthrough in the “platform-horizon-business” partnership by bringing overseas agencies into shenzhen's offshore park。
• to advance the landing of the former seaport loan. The operational guidelines for former seaport loans issued by the national foreign exchange agency identify the specific requirements and operations of the operations and provide a strong support for the successful conclusion of the policy. The shenzhen bank has been able to assess the needs of port-owned enterprises and further advance the landing of the former seaport loan。
Follow-up on major capital project financing. Ongoing follow-up to the western trans-marine railway project from the former sea to hong kong (with a total investment of over $30 billion), cooperation with external consortia, financial management, etc. In the case of cross-border generators, operational cooperation in the form of more sites and shrimp skins in the amazon has been facilitated by the expansion of cross-border e-convey platforms through the customization of integrated services such as cross-border remittance and internal distribution。
Preparation of the former maritime cross-border finance centre. There are now over 1,000 hong kong/australian professionals working in the former sea register, and shenzhen bank will seek to establish a cross-border wealth management centre in the former sea in collaboration with asia, bank international, to enrich cross-border asset allocation for people living in the bay and provide more professional, open and accessible financial services to cross-border talent。
Deepening the digital currency bridge pilot. Building on the pre-sea free trade zone and deep port linkages, it promotes the innovation of deep ports across borders, actively participates in the pilot application of the multilateral central bank digital monetary bridge, accelerates the roll-out of the digital renminbi in the former sea and serves the financial development of the bay of australia。
