In recent years, Beijing E-Town has taken the initiative to connect with international economic and trade rules, and has initiated the building of "Two Zones". 

"We have a number of RMB capital account funds for domestic payments, but it takes too much time and energy to provide certification materials for each transaction," remarked a staff member from an E-Town pharmaceutical company listed in Hong Kong.

This listed company has now entered the fast lane of cross-border domestic and foreign currency settlement. It is only one of many companies that have enjoyed facilitated cross-border financing, since the beginning of 2022. The Beijing E-Town Branch of the Agricultural Bank of China has tackled facilitation procedures like trade in goods, cross-border RMB settlement for five companies, the amount of which has exceeded $200 million.

In addition, China Construction Bank Beijing E-Town Branch has successfully handled its first cross-border financing. It was applied to an automobile equipment manufacturing enterprise in Beijing E-Town on July 12.

During the past two years, the Bureau of Commerce and Finance in Beijing E-Town has promoted the upgrading of two large State-owned bank sub-branches, signed strategic cooperation agreements with five city-level banks, and guided nine financial institutions to upgrade to banks specializing in free trade businesses, innovate financial products, and optimize financial services.