Shanxi Bureau of State Administration of Foreign Exchange has implemented innovative measures to optimize the cross-border trade, investment, and financing environment, incentivizing the high-quality development of Shanxi's international economy.

Since June 1, the banks have been allowed to handle the Shanxi registration list directly, helping facilitate cross-border trade. As this no longer requires State Administration of Foreign Exchange approval, the handling time has been reduced from one working day to around 10 minutes.

To help companies manage exchange risks more effectively, the bureau is promoting enterprise list management throughout the province. It also guides banks in tailoring exchange rate hedging service plans for enterprises, ensuring each gets a risk management plan that best suits its needs.

The bureau actively promotes the digitalization of bank capital project services, encouraging institutions to provide comprehensive digital services for eligible enterprises through efficient and convenient online channels.

The Shanxi Bureau of State Administration of Foreign Exchange will continue to implement foreign exchange management reforms to better serve Shanxi's efforts of building a new beacon of opening-up in inland areas.