[Guangzhou: support Nansha to expand the function and application of the free trade (FT) account system and strive for an early trial in the convertibility of capital accounts] the General Office of the Guangzhou Municipal people's Government issued an implementation plan to promote financial openness and innovation in Guangzhou. Among them, it is proposed to promote cross-border investment and financing facilitation. Support Nansha to expand the function and application of the free trade (FT) account system, explore the innovation of diversified cross-border investment and financing business, such as cross-border mergers and acquisitions, financing, and strive to make a pilot effort in cross-border capital management, RMB internationalization, capital account convertibility, and so on. We will support the deepening of the pilot project of high-level opening up of cross-border trade and investment in Nansha, carry out foreign exchange management reform, and support high-tech and "specialized and innovative" enterprises to borrow foreign debts independently within a certain quota. Qualified enterprises independently choose cross-border investment and financing currencies, and domestic reinvestment by foreign-invested enterprises is exempted from registration. We will encourage municipal state-owned enterprises to set up enterprise entities in Nansha, assume the function of cross-border settlement centers for municipal state-owned enterprises, and broaden cross-border investment and financing channels for enterprises. We will support the development of new types of offshore international trade and promote cross-border capital settlement to achieve integrated management of local and foreign currencies.