Recently, the Sichuan branch of the People's Bank of China and the Sichuan branch of the State Administration of Foreign Exchange approved 19 banking financial institutions in Sichuan Province to obtain pilot business qualifications for high-level opening of cross-border trade, and officially launched pilot work on high-level opening of cross-border trade throughout the province. This move marks a key step in advancing reform and innovation in foreign exchange management and raising the level of cross-border trade facilitation, injecting new momentum into the high-quality development of foreign trade enterprises.

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