General

Zhongken Guobang (Tianjin) Co., Ltd. is an imported soybean processing enterprise located in Tianjin Port Free Trade Zone. Affected by the epidemic and other factors, the price fluctuations of international bulk agricultural products have intensified, the business risks of enterprises have increased, and cash flow turnover has encountered certain difficulties.

"Today, with the new type of offshore international trade, companies can transfer excess raw materials back to the international market. This new approach provides companies with hedging options and liquidity channels, which can help dynamically adjust the scale of imports and avoid raising international prices. , destroying the balance of domestic supply and demand, and is conducive to improving the international trade status and voice of Chinese enterprises, reducing the adverse impact of the epidemic, and enterprises can make full use of both domestic and international markets and resources." Zhongken Guobang (Tianjin) Co., Ltd. Liu Yueshu, general manager of the operation management department, said.

In order to stimulate the vitality of import enterprises, Tianjin has innovated the way of offshore trade of entity enterprises. In May of this year, the Binhai New Area Central Sub-branch of the State Administration of Foreign Exchange, together with the Tianjin Pilot Free Trade Zone Administrative Committee Office and the Tianjin Port Free Trade Zone, held an on-site promotion meeting for offshore trade business at Gollier (Tianjin) Packaging Co., Ltd. + territorial administrative department + commercial bank + offshore trade implementation enterprise” together to support the real economy to develop new trade formats. Gollier (Tianjin) Packaging Co., Ltd. completed the first offshore trade settlement through the Bank of China Bonded Zone Branch. "The company has completed 9 foreign exchange receipts and payments for offshore business, with a total transaction (trading) volume of about 3 million yuan, which is very convenient for operation and management," said Wang Bowen, sales manager of the company's overseas business.

The above-mentioned offshore trade methods have been replicated and promoted in other functional areas of Binhai New Area, covering multiple business scenarios such as "integrated trade", bulk commodity trading, and overseas project contracting. Among them, the Free Trade Zone companies Golier (Tianjin) Packaging Co., Ltd. and China Reclamation Guobang (Tianjin) Co., Ltd. have become supporting enterprises. The offshore business needs of the overseas engineering contracting projects of General Hydropower Company have been proposed by the Bank of China Bonded Zone Branch.

"We must target specific problems such as slowing external demand, difficulty in obtaining orders, and difficulty in cash flow turnover faced by foreign trade enterprises and import and export processing enterprises. Offshore trade is one of the new formats and new models of international trade strongly supported by the state, and it is also a free trade zone. The focus of innovation and promotion of the Office of the Management Committee is expected to become the starting point for stimulating the vitality of international trade enterprises." Zhu Changcun, Deputy Director of the Office of the Management Committee of the Tianjin Pilot Free Trade Zone, said that in order to further guide more enterprises and banks to carry out offshore trade in accordance with laws and regulations, The Tianjin Port Free Trade Zone recently formulated and issued the "Several Opinions on Supporting Offshore Trade in the Real Economy in the Tianjin Airport Area of China (Tianjin) Pilot Free Trade Zone".

The person in charge of the relevant departments of the Tianjin Port Free Trade Zone Management Committee said that in the future, the innovation of offshore trade methods will be deepened, commercial banks will be encouraged to support real economy enterprises to carry out offshore trade, and further replication will be made outside the Pilot Free Trade Zone to help more international trade enterprises develop rapidly. .