Apparel / Textiles & Accessories

In Jiaxing, Zhejiang, mulberry silk is woven into gorgeous fabrics with its unique texture and intricate weaving techniques. For thousands of years, the silk trade in Jiaxing has been bustling. Zhang Yanchang, a calligrapher in the Qing Dynasty, described it as "where to sell the new silk reeled, Dongxinhang sells Beixinhang". As the country's largest silk industry and largest trading platform, China's cocoon silk market has also emerged, where large and small silk product companies gather to conduct trade.

Nowadays, in any corner of the world, when two companies want to negotiate about silk fabrics or clothing business, they must refer to the transaction price announced by China's cocoon and silk market - the "Jiaxing Index". A silkworm, a silk, closely links Jiaxing with the world.

In the past two years, affected by the epidemic and the global economic environment, Jiaxing silk products international trade enterprises have entered a "cold winter period". Many enterprises' orders have fallen sharply, and foreign trade business has almost stopped. The words "difficult to do business" have become the current Jiaxing. The common voice of many silk products foreign trade enterprises.

"In recent years, our company has been plagued by rising labor costs, constant trade frictions, and obstruction of transportation and logistics. Fortunately, the new offshore international trade business has helped us optimize the industrial chain." A relevant person in charge of a silk company said that as a company established A leader in the silk industry for nearly 40 years, the company is mainly engaged in silk, silk and clothing, and its products are mainly exported to Europe and the United States, of which the US market accounts for 40%.

In order to improve the level of trade liberalization and facilitation, and to promote the healthy, sustainable and innovative development of new foreign trade formats and new models, on the day when the new foreign exchange policy related to facilitation of offshore international trade was implemented, the Jiaxing Central Sub-branch of the State Administration of Foreign Exchange (hereinafter referred to as the "Foreign Exchange Jiaxing Center") Branch”) contact the handling bank to go to the silk company together, encourage the company to adopt the form of entrusting overseas processing to carry out production and sales, and adjust the traditional domestic production and then export directly to Cambodia, by local Cambodian enterprises. Production and processing into ready-to-wear garments, which are exported from Cambodia to the United States.

"By coaching enterprises to make differentiated declarations and instructing banks to simplify settlement documents, we have resolved the knot of enterprises that the amount of foreign exchange received is greater than the export amount, and the excess amount is not allowed to be recorded." The foreign exchange policy of the company has made the collection and payment of funds more flexible, and successfully saved more than 10 million yuan in labor, taxes and other costs for the company.

The company is not alone. In Tongxiang, Jiaxing, "the hometown of silk quilts in the world", there are many silk quilt production workshops and small and medium-sized enterprises. Due to their small scale, they have been exporting in the form of traditional trade for a long time. Affected by various factors, the orders of old customers have dropped sharply, and the popularity of live broadcast delivery has made enterprises both excited and hesitant.

"How to settle online sales funds?" "What should I do if there is a difference in settlement?" In the past few days, Jiaxing Zhongzhi Branch of the Foreign Exchange Bureau has fully investigated various questions and demands of enterprises in the industry, and has held several cross-border e-commerce foreign exchange policy training sessions to answer them one by one. , to provide reassurance for enterprises to carry out cross-border e-commerce export.

"The cross-border e-commerce sales model not only allows us to have more customers, but also makes fund settlement more convenient. Through netting settlement, the company's capital occupation and exchange rate fluctuation risks are greatly reduced, and bank fees and exchange losses can be saved by more than 50% in one year. It has effectively reduced our financial costs!" said the relevant person in charge of a textile company in Tongxiang excitedly.

"We will continue to guide enterprises to transform production and sales paths, expand sales channels, facilitate capital settlement, and transform foreign exchange policies into 'golden keys' to solve the predicament, and help silk international trade companies 'break the cocoon into a butterfly' , walk out of the 'Silk Road' with its own characteristics." The relevant person in charge of the Jiaxing Zhongzhi Branch of the Foreign Exchange Bureau said that since this year, Jiaxing silk products enterprises have accumulated export earnings of 420 million US dollars, an increase of 57% year-on-year.