General

Benefiting from the implementation of the facilitation measures for foreign exchange receipts and payments of high-quality enterprises, the business processing time for a single service trade receipt and payment of an airline company in Guangdong has been shortened to 5 minutes. As of the end of May, 19 pilot banks in Jiangsu for facilitation measures for trade foreign exchange receipts and payments have handled a total of 55.36 billion US dollars of facilitation business for 701 high-quality pilot enterprises; 10 pilot banks in Sichuan have handled 13,700 yuan of facilitation business for 166 pilot enterprises. Pen, total amount of 9.638 billion US dollars...

At present, the facilitation measures for high-quality enterprises' trade foreign exchange receipts and payments have achieved nationwide coverage. This facilitation measure greatly simplifies the document review process by optimizing the document review, exempting special foreign exchange returns for trade in goods and other special remittances from prior registration, and exempting foreign exchange payments for trade in goods from the verification procedures for import declaration forms. It has improved the capital settlement efficiency of foreign trade enterprises, and is providing assistance for more foreign trade enterprises to improve quality and efficiency.

In order to effectively help stabilize foreign trade and foreign investment, according to a package of policies and measures to stabilize the economy deployed at the executive meeting of the State Council on May 23, the "Notice on Promoting the Establishment of a Long-term Mechanism for Financial Services for Small and Micro Enterprises Dare to Loan, Willing to Loan, Can Loan and Meeting Loan" A series of documents such as "About Further Facilitating Foreign Institutional Investors to Invest in China's Bond Market" and "Notice on Supporting High-tech and "Specialized, Specialized and New" Enterprises to Carry out Cross-border Financing Facilitation Pilots" have been successively issued to further stabilize the financial economic support.

For example, in promoting the settlement facilitation of new forms of cross-border trade, relevant policies guide banks and payment institutions to provide efficient and convenient foreign exchange settlement and sales and fund collection and payment services for cross-border e-commerce. Some banks have reduced the cross-border e-commerce settlement fee to 2‰, basically realizing the real-time arrival of overseas funds. The market procurement trade settlement process was optimized, and the online self-service foreign exchange collection and settlement of registered merchants accounted for about 70%, benefiting more than 80,000 small, medium and micro merchants. At the same time, the level of facilitation of foreign debt business has been further improved.

At present, the number of pilot areas for cross-border financing facilitation has increased to 17, covering 80% of the country's high-tech and "specialized, special and new" enterprises. worth $10 million.

In the face of the two-way fluctuation of the RMB exchange rate, the foreign exchange bureau has continuously enriched the types of RMB-foreign exchange derivatives, expanded the scope of cooperation in handling RMB-foreign exchange derivatives, and carried out publicity and training to guide enterprises to establish a risk-neutral awareness. manage.

According to Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, in order to help enterprises improve their exchange rate hedging capabilities, the SAFE supports the China Foreign Exchange Trading Center to improve the bank-enterprise foreign exchange transaction service platform. At present, 82 banks have settled in to facilitate enterprises to obtain the most Excellent transaction prices; reduce the cost of foreign exchange hedging for enterprises. This year, the China Foreign Exchange Trade Center expects to exempt more than 11 million yuan of foreign exchange hedging related transactions for small and medium-sized enterprises of about 2.3 trillion yuan; and cooperate with relevant departments and financial institutions to reduce foreign exchange hedging As of the end of April, the occupancy of security deposits has been reduced by about 100 million yuan. With the support of relevant policies, in the first four months, the scale of corporate foreign exchange hedging increased by 48% year-on-year, and nearly 10,000 "first-time accounts" were added.

Foreign trade and foreign-funded enterprises use RMB in cross-border trade and investment, which can reduce exchange rate risks and exchange costs. In this regard, the People's Bank of China has continued to optimize the RMB settlement environment for cross-border trade and investment, abolished the requirements for the management of special accounts related to foreign direct investment business, and facilitated domestic reinvestment of foreign-invested enterprises; it has steadily carried out settlement facilitation pilots, encouraged banks to simplify settlement processes, and created high-quality enterprises. Provide convenient and efficient cross-border RMB investment and financing services; support banks to "implement policies tailored to enterprises" to meet foreign trade enterprises' exchange rate hedging needs.

According to Li Bin, director of the macro-prudential bureau of the People's Bank of China, since the beginning of this year, the scale of RMB settlement has steadily expanded. From January to April, the scale of cross-border receipts and payments in RMB for trade in goods totaled 2.2 trillion yuan, a year-on-year increase of 26%; it accounted for 16% of cross-border receipts and payments in RMB and foreign currencies for trade in goods, an increase of 1.3 percentage points from the end of last year. During the same period, the scale of cross-border receipts and payments of direct investment in RMB totaled 1.9 trillion yuan, a year-on-year increase of 19%; it accounted for 66% of cross-border receipts and payments of direct investment in both domestic and foreign currencies.

In the next stage, the People's Bank of China will continue to strengthen its financial support for foreign trade and foreign investment, focus on optimizing the cross-border RMB business policy, accelerate the introduction of cross-border RMB settlement policies to support new forms of foreign trade such as cross-border e-commerce, and steadily expand the integration of domestic and foreign currencies. Pilot projects of capital pooling, study and optimize the key supervision list system for RMB settlement enterprises; guide financial institutions to optimize business processing procedures, provide enterprises with comprehensive financial services covering RMB trade financing and settlement, and help stabilize the basic market of foreign trade and foreign investment.