General

On October 18, Lianlian International announced that Lianlian Foreign Trade Payment was officially launched into the import payment business. Through cooperation with banks and other financial institutions, it provided convenient, efficient and low-cost foreign exchange purchase and payment services for international trade import enterprises, so as to promote cross-border trade facilitation and consolidate the steady growth of foreign trade.

The repeated epidemic, the constant game between globalization and regionalization, the contraction of external demand, and the fragile recovery of the world economy... This year, the uncertainty and instability of the foreign trade environment have increased significantly. However, thanks to the strong economic resilience and long-term improvement, China's foreign trade is still strong. At the same time, in the context of actively promoting exports and expanding imports, China's trade structure has also undergone minor changes. According to customs statistics, in the first eight months of this year, China's total import and export value of goods trade was 27.3 trillion yuan, up 10.1% year on year. Among them, 11.82 trillion yuan was imported. The 2021 China Import Development Report also pointed out that the role of import trade in the new development pattern will be further highlighted.

At present, China's import potential in international trade is being gradually released. However, with the intensification of global trade competition and international exchange rate fluctuations, many import enterprises still face many problems in the process of cross-border settlement, including complicated offline operation processes, slow arrival time, exchange rate fluctuation risk, etc.

The relevant person in charge of Lianlian International said that after in-depth understanding of the foreign exchange demand of import enterprises, Lianlian International actively cooperated with its partners to innovate the import payment business by relying on the mature cross-border full link collection, payment and exchange capabilities and domestic and foreign bilateral licensing qualifications, so that import enterprises can easily complete the purchase and payment of foreign exchange in RMB through a series of accounts, To truly realize the "online, efficient, quick receipt and controllable exchange rate" of foreign exchange purchase and payment.

First, online. In the past, cross-border trade enterprises generally needed to bring relevant import trade paper materials to offline bank outlets for foreign exchange payment, which took a long time to queue up. The continuous import payment business realizes the online operation of the whole process. Just bind the customs electronic port IC card, import the declaration form online, and you can initiate the purchase and payment process online. No more materials are needed to improve the work efficiency.

Secondly, the payment is fast. Lianlian has both domestic payment license and cross-border payment qualification, and cooperates with partners to achieve more convenient and rapid payment to the account by cross-border payment and local withdrawal.

In addition, the exchange rate is controllable. The enterprise can view the exchange rate in real time and lock the super optimal exchange rate to initiate the purchase and payment of foreign exchange, effectively avoiding the potential losses caused to the enterprise due to exchange rate changes; At the same time, relatively low handling fees can help international trade enterprises reduce costs and increase efficiency.

In the context of accelerating the construction of a new development pattern and achieving a higher level of opening up, China's regulatory authorities have successively introduced a number of measures to promote the reform of trade foreign exchange revenue and expenditure facilitation and improve the efficiency of cross-border trade settlement. In April this year, the People's Bank of China and the Foreign Exchange Administration issued the Notice on Improving the Prevention and Control of Epidemic Diseases and the Financial Services for Economic and Social Development, which clearly stated that, "Improve the level of trade facilitation. We will extend the policy of facilitating foreign exchange receipts and payments for high-quality enterprises to the whole country, steadily carry out a pilot project to facilitate RMB settlement of higher level trade and investment, and encourage banks to include more high-quality small and medium-sized enterprises in the scope of facilitation policies. We will further expand settlement channels, support eligible non bank payment institutions and banks to use electronic trading information to provide cross-border e-commerce, comprehensive foreign trade services and other new trade industries Relevant market entities provide efficient and low-cost cross-border fund settlement services. "

According to the data, Lianlian International has established a full link cross-border trade solution for users' needs through years of intensive cultivation. In view of a series of payment difficulties faced by international trade import and export enterprises, such as complex offshore account opening process, high charges, lack of compliance collection, payment and exchange channels, easy to be frozen, long fund collection and payment cycle, and cumbersome foreign exchange exchange process, Lianlian International's import and export collection, payment and exchange products Lianlian International's foreign trade payments have always kept pace with changes in market demand, And based on the accumulation of more than 60 payment licenses and qualifications connecting many countries and regions around the world and their own professional payment capabilities, we have created a professional, efficient and safe collection, payment and exchange service for import and export enterprises to help global foreign trade enterprises achieve cost reduction and efficiency increase in the whole link to the sea and better integrate into the global trade chain.

Lian Lian International said that it can be seen that during the epidemic, China's foreign trade showed strong resilience and made positive contributions to the smooth operation of the national economy. Lianlian International will continue to go deep into various foreign trade industries and industrial belts, relying on its profound insight and rich experience accumulated by serving enterprises in different industries for a long time, create customized payment and receipt solutions for foreign trade and related enterprises, and help foreign trade enterprises to guarantee orders, stabilize expectations, expand the market with practical actions, so as to fully promote the steady development of China's international trade.