General

The Central Economic Work Conference emphasized the need to make greater efforts to stabilize the scale and optimize the structure of foreign trade, promote the stable stock and expansion of foreign investment, and cultivate new growth points for international trade cooperation. On April 7th, the Executive Meeting of the State Council discussed policy measures to promote stable scale and optimal structure of foreign trade. Recently, the General Office of the State Council issued the "Opinions on Promoting the Stable Scale and Optimal Structure of Foreign Trade".

How to help enterprises stabilize orders and expand into the international trade market?

What financial support policies are there?

About Expanding the Market

Optimize supply and procurement coordination for key exhibitions

Promote the comprehensive recovery of domestic offline exhibitions. Organize key exhibitions such as China International Import Expo, China Import and Export Commodity Fair, China International Service Trade Fair, and China International Consumer Goods Expo. Support the optimization of exhibition area settings and exhibitor structure at the China Import and Export Commodity Fair, and normalize the operation of online platforms. Local governments, trade promotion agencies, and business associations will further increase their support for foreign trade enterprises to participate in various overseas exhibitions, strengthen organizational coordination and service guarantee, and continue to cultivate self organized overseas exhibitions and expand the scale of exhibitions.

Facilitate cross-border business personnel exchanges

Strengthen external communication, improve the efficiency of processing APEC business travel cards, and increase efforts to promote the smooth application channels for visas for our business personnel in other countries, thereby improving the processing efficiency. Continue to provide convenience for overseas merchants to apply for visas to China. Research and optimize remote detection measures. Quickly promote the stable and orderly recovery of international passenger flights, especially those at key domestic aviation hubs, and promote the resumption of flights by domestic and foreign airlines to provide better air transportation support for business personnel.

Strengthen market expansion service guarantee

My embassy and consulate abroad have created more trade opportunities and increased support for foreign trade enterprises, especially small and medium-sized foreign trade enterprises, by improving cooperation mechanisms, strengthening information exchange, and promoting key exhibitions. Give full play to the role of foreign representative offices of trade promotion agencies, and provide services in information consultation, enterprise coordination, commercial law, and other aspects. Release relevant national trade guidelines, find ways to stabilize exports to developed economies, and guide enterprises to deeply explore developing country markets and regional markets such as ASEAN. Support major foreign trade provinces to play a good role as the main force in stabilizing foreign trade.

Regarding the import and export of key products

Cultivating Advantages in Automobile Export

Local governments and business associations organize direct customer docking between automobile enterprises and shipping enterprises, and guide them to sign medium - and long-term agreements with shipping enterprises. Encourage Chinese banks and their overseas institutions to innovate financial products and services under the premise of legal compliance and controllable risks, and provide financial support for automotive enterprises overseas. All regions further support automobile enterprises to establish and improve the International marketing service system, and enhance their ability to carry out brand publicity, display sales, and after-sales service overseas.

Enhancing the International Cooperation Level of Large Complete Equipment Enterprises

We will increase support for export credit insurance to better serve large complete equipment projects. Financial institutions, on the basis of strengthening risk prevention and control, comprehensively consider the specific situation of the project and ensure the reasonable funding needs of large-scale complete equipment projects. Encourage local governments to ensure the employment needs of enterprises through recruitment services and other means, strengthen job skill training, ensure compliance and delivery, and promote the long-term healthy development of the industry.

Expand the import of advanced technology and equipment

Accelerate the revision and encouragement of imported technology and product catalogs, further improve the accuracy of import discount policies, and guide enterprises to expand the import of advanced technology and equipment that are in short supply domestically.

Regarding fiscal and financial support

Make full use of central government funding policies

Carry out the second batch of demonstration work on improving quality and efficiency in foreign trade and economic cooperation. Research and establish the second phase of the Service Trade Innovation and Development Guidance Fund.

Increase support for import and export credit

Commercial financial institutions will further enhance the service capabilities of their branches in the central and western regions in trade financing, settlement, and other businesses. Encourage banks and insurance institutions to expand cooperation in policy financing and credit enhancement, and increase support for financing and credit enhancement for small and micro foreign trade enterprises. Under the premise of legal compliance and controllable risks, encourage large state-owned financial institutions to increase resource allocation and actively meet the foreign trade financing needs of small and medium-sized enterprises. Encourage government financing guarantee institutions to provide financing and credit enhancement support for eligible small and micro foreign trade enterprises.

Better play the role of export credit insurance

Further expand the underwriting scale and coverage of export credit insurance. Increase support for new formats and models such as cross-border e-commerce, accelerate the expansion of industry chain underwriting, further expand the coverage of underwriting for small and medium-sized foreign trade enterprises, and optimize underwriting and claims conditions.

Optimize cross-border settlement services

Encourage financial institutions to innovate and improve foreign exchange derivatives and cross-border RMB business, further expand the scale of cross-border trade RMB settlement, and better meet the exchange rate hedging and cross-border RMB settlement needs of foreign trade enterprises. Support local governments to strengthen policy promotion, optimize public services, promote precise docking between banks and enterprises, and fully benefit enterprises.

On Innovative Development of Foreign Trade

Stabilize and enhance processing trade

Strengthen the guarantee of labor, energy, credit and other factors, guide the gradient transfer of processing trade to the central and western regions, and promote the sustained and healthy development of processing trade and the stability of the industrial chain supply chain. Newly identified a batch of national processing trade industrial parks. Organize the China Processing Trade Products Expo well and support industrial exchange and docking in the East, West, and Central regions. Accelerate the implementation of a batch of key bonded maintenance pilot projects with "two ends outside", and strengthen the guarantee of full lifecycle services.

Improve Border trade support policies

Expand the foreign trade of border provinces. Effectively and orderly promote the pilot work of landing and processing imported goods for border trade. Exploring the construction of a data monitoring platform for border trade and imported goods. Revise and introduce the management measures for border trade, optimize the policy environment for diversified development of border trade, and increase imports from neighboring countries.

Promote the digitization of trade

Support large-scale foreign trade enterprises to use new technologies to build their own digital platforms and cultivate third-party comprehensive digital solution suppliers that serve small and micro foreign trade enterprises. Support the development of the global trade digital pilot zone in the Guangdong Hong Kong Macao Greater Bay Area, accelerate the digital empowerment of the entire trade chain, fully leverage the leading demonstration effect, and timely summarize development experience. In the Guangdong Hong Kong Macao Greater Bay Area and the Yangtze River Delta region, 5-10 typical cases of digital promotion of high-quality trade development will be selected annually from 2023 to 2025, and promoted for application.

Developing green trade

Guide industry organizations such as business associations to formulate green and low-carbon standards for foreign trade products, and support related products to further explore the international trade market. Organize and carry out training for key industry enterprises to enhance their awareness and ability of green and low-carbon development.

Promote the healthy and sustainable innovation development of cross-border e-commerce

Support foreign trade enterprises to expand sales channels and cultivate independent brands through new formats and models such as cross-border e-commerce. Encourage local governments to innovate and build cross-border e-commerce comprehensive pilot zones based on their industrial and endowment advantages, actively develop the "cross-border e-commerce+industrial belt" model, and drive cross-border e-commerce enterprises to export to enterprises. Accelerate the introduction of cross-border e-commerce intellectual property protection guidelines, and guide cross-border e-commerce enterprises to prevent intellectual property risks. Build an online comprehensive service platform for the cross-border e-commerce comprehensive pilot zone and play its role well, guiding enterprises to make good use of tax policies and measures related to cross-border e-commerce retail exports. Continuously improve the assessment and evaluation mechanism for cross-border e-commerce comprehensive pilot zones, apply the evaluation results well, and fully play the leading role of excellent pilot demonstration.

On the Development Environment of Foreign Trade

Properly Dealing with Unreasonable Trade Restriction Measures from Abroad

Strengthen training and guidance for local and foreign trade enterprises, and provide assistance and relief to key affected entities. Give full play to the role of the early warning system and legal service mechanism, support workstations and early warning points at all levels to address trade frictions, enhance public service capabilities, and help enterprises actively respond to unreasonable trade restrictions. Give full play to the role of trade promotion agencies and conduct risk assessment and investigation.

Improve the level of trade facilitation

Deepen the construction of a "single window" for international trade, expand the application scope of measures such as "linkage unloading" and "ship side direct lifting", and improve the efficiency of goods circulation. Steadily implementing diversified tax guarantees to assist enterprises in reducing burden and increasing efficiency. Increase efforts to cultivate the credit of foreign trade enterprises, so that more foreign trade enterprises that meet certification standards become customs' certified operators (AEOs). Further facilitate the processing of export tax refunds, promote the implementation of international trade export tax refund declaration forms and invoices "free of filling", and better serve foreign trade enterprises. Local governments should coordinate supply and demand, improve emergency transportation capacity reserves, and improve emergency plans to ensure efficient and smooth transportation of foreign trade goods. Improve the efficiency of port clearance, strengthen diversion and diversion, fill the gaps in channels, and enhance the port's cargo handling capacity.

Better leverage the effectiveness of free trade agreements

High quality implementation of effective free trade agreements, compilation and issuance of application guidelines for key industries, in-depth training on topics such as the Regional Comprehensive Economic Partnership Agreement (RCEP), organization of forums and other forms of exchange activities, strengthening local and enterprise experience sharing, improving public service levels for enterprises, and continuously improving the comprehensive utilization rate of free trade agreements. Encourage and guide local organizations to promote trade with free trade partners such as RCEP.