The &#34;Opinions&#34; propose 20 policy measures in six areas: allowing foreign financial institutions to carry out new financial services similar to those of domestic financial institutions, making decisions on applications for related services within 120 days, supporting the lawful cross-border purchase of certain types of overseas financial services, facilitating foreign investors' investment in related transfers in and out, improving arrangements for the cross-border flow of financial data, and comprehensively strengthening financial regulation.
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07226

The People's Bank of China and five other departments issued "Opinions," proposing 20 policy measures to support foreign financial institutions and Chinese financial institutions in providing similar new financial services, simplifying application processes, promoting cross-border purchases of overseas financial services, facilitating the fund transfers of foreign investors, improving arrangements for the cross-border flow of financial data, and strengthening financial regulation

- The article outlines 20 policy measures aimed at enhancing foreign financial institutions' operations in China, including allowing similar new financial services and expediting service applications within 120 days.  
- It also supports lawful cross-border purchases of certain foreign financial services and facilitates foreign investors in transferring funds.  
- Additionally, the article emphasizes the importance of financial data flow arrangements and strengthening financial regulation while cautioning that investments carry risks and do not constitute personal investment advice.

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The People's Bank of China and five other departments: Support the legal cross-border purchase of certain types of overseas financial services and facilitate foreign investors' investment in related remittance in and out