Southern Finance News, January 6 – Eleven departments, including the Shanghai Municipal Development and Reform Commission and the Shanghai Municipal Commission of Commerce, jointly issued the Several Measures to Encourage Foreign-invested Enterprises to Make Domestic Reinvestment in Shanghai. The measures mention widening financing channels for reinvestment. They involve facilitating loan applications from foreign affiliated shareholders, guiding foreign-invested enterprises to effectively utilize the streamlined procedures for medium and long-term external debt review and registration when applying for loans from foreign affiliated shareholders required for domestic reinvestment. They support the parent companies of foreign-invested enterprises in issuing “Panda Bonds” in the interbank market and exchange market and retaining the proceeds for domestic reinvestment, and urge banks to continuously optimize processes such as foreign exchange registration, the opening of special accounts, and fund transfers. The restrictions on foreign-invested investment companies using domestic loans have been lifted, allowing them to use domestic loans for equity investments. Financial institutions are encouraged to provide differentiated financial products and services that are highly compatible and specifically tailored for domestic reinvestment.