Foreign trade is a key hub connecting domestic and international dual circulation. In the current foreign trade situation, the adequacy of liquidity is very important.
80% of our products are sold to the international market, and the amount of foreign exchange business is large and large. In the past, large-scale cross-border inward remittances required dozens of pages of various background support materials, plus bank review, which often took one or two days to process. Recently, Zhao Yakun, fund manager of the finance department of Shandong Yingke Environmental Protection Renewable Resources Co., Ltd., said, "Nowadays, it only takes a few minutes to enter the account, and the efficiency of capital turnover has been greatly improved." ”
From a day or two to a few minutes, this change comes from the pilot work of the foreign exchange industry.
As one of the first batch of pilot banks in the country and the only one in Shandong Province, Bank of China Zibo Branch has signed contracts for more than 100 honest and high-quality foreign trade enterprises to directly remit inward remittances, and handled 8,435 transactions with instructions for honest and high-quality foreign trade enterprises, involving an amount of 33.7 billion US dollars, to achieve "exemption from examination by instructions", so that the foreign exchange receipts and expenditures "in seconds", greatly improving the rate of enterprise capital settlement.
In Shandong, there is also a pilot project that is being promoted, so that more foreign trade enterprises can reduce the cost of soles, which is the pilot of foreign exchange payment facilitation for high-quality enterprises.
We collect about 40 transactions of $2 million a month. In the past, every outward remittance business had to be handled at the bank counter, which took an average of two to three hours, and sometimes there were many customers in queues, which affected the efficiency of enterprise capital settlement. Chen Xingbiao, general manager of Jining City, said. The company is mainly engaged in garlic processing and sales, and its products are sold to South America, Europe and Africa. Nowadays, enterprises are included in the pilot project of foreign exchange payment facilitation for high-quality enterprises, and they do not need to submit documents to the counter, and can complete cross-border collection and payment without leaving home, shortening the processing time by 90% and saving capital costs by 60%.
Since the beginning of this year, the foreign exchange management department of Shandong has continuously expanded the scope of the pilot project of foreign exchange revenue and expenditure facilitation. Originally, this pilot policy was only applicable to production enterprises, and now, small and medium-sized enterprises like Lauder are also included.
From March to October this year, the Shandong Branch of the State Administration of Foreign Exchange carried out the "high-quality and convenient double hundred" activity, visited 100 high-quality enterprises on the spot, selected and established 100 bank demonstration outlets, during which the province added 1,164 high-quality facilitation enterprises, and the number and amount of high-quality enterprise facilitation business increased year-on-year respectively, and the degree of facilitation of foreign exchange receipts and payments in the province continued to improve.
The more honest the enterprise, the more convenient the procedures. For high-quality enterprises that are in line with the national strategic development direction, small and medium-sized businessmen or distributors who have obtained first-chain financing credit and have carried out due diligence, and "specialized, special and new" small and medium-sized enterprises, foreign exchange management departments at all levels in Shandong advocate appropriately relaxing the requirements for the years of cooperation between banks and enterprises, so that the facilitation policies can directly reach the actual needs of enterprises.
Laiwu District of Jinan City is an important agricultural product export base in Shandong, and the local characteristic agricultural products represented by ginger and garlic are the bright business cards of Shandong's foreign trade. For the enterprises under its jurisdiction, the Laiwu Central Branch of the State Administration of Foreign Exchange has established a reserve library of high-quality enterprises, and a mature batch has been incorporated into a batch to create a good atmosphere of "the more compliant the more convenient, the more compliant and more independent", and there are 14 high-quality and convenient enterprises in the jurisdiction, including 9 agricultural product export enterprises.
Laiwu Taifeng Food*** is one of them. After being included in the high-quality enterprise pilot, it is also more convenient for enterprises to obtain financing. The foreign exchange management department of Shandong Province guides the banks under its jurisdiction to map out the financing needs of high-quality enterprises, and formulates service plans for "one enterprise and one policy". In the early stage, the procurement cost of ginger *** enterprise has increased, and it is in urgent need of capital turnover. The foreign exchange administration department introduced the cross-border financial service platform to the enterprise and accepted the application for export financing of US$1.5 million, which solved the urgent needs of the enterprise.
*There is also a positive interaction between the pilot project of foreign exchange payment facilitation and monetary policy tools. Shandong Xinda Heavy Industry Machinery Co., Ltd. has collected a large number of bank acceptance bills from downstream customers, which has caused a certain pressure on working capital. The Shandong Branch of the State Administration of Foreign Exchange instructed the Linyi Branch of China Merchants Bank to introduce the foreign trade guidance policy of rediscount to the enterprise, and handled the discount of bills with a face value of 2 million yuan for the enterprise, which alleviated the pressure on the liquidity of the enterprise. From March to August this year, Shandong Province promoted the implementation of banks to guide the rediscount business of foreign trade with an amount of 313.3 billion yuan, benefiting 119 foreign exchange enterprises, giving full play to the precise drip irrigation role of monetary policy tools on high-quality foreign exchange enterprises.
The more compliant the bank, the more autonomous the audit. In order to alleviate the pressure on banks, the foreign exchange management departments at all levels in Shandong have guided banks to promote the transformation and upgrading of authenticity review, from emphasizing the review of documents during the event to due diligence in advance, simplifying in the event and monitoring after the event, giving banks more autonomy and maximizing the efficiency of cross-border settlement of foreign exchange funds. Among them, the Zaozhuang Branch of the State Administration of Foreign Exchange instructed banks to use the sampling test theory to design random inspection plans, and create a template for the post-evaluation and verification procedures of facilitated business, so as to help banks improve their post-event monitoring capabilities.
The level of foreign-related financial services in Shandong has been continuously improved, and cross-border capital flows have been active. In the first three quarters, the province's cross-border RMB receipts and payments totaled 1,003.8 billion yuan, exceeding one trillion yuan for the first time in the same period since the establishment of cross-border RMB business in 2010, a year-on-year increase of 926%。Wang Jinghui, vice president of the Shandong branch of the People's Bank of China, introduced ten measures to support the high-quality development of high-quality foreign exchange enterprises, and promoted the quality and expansion of foreign exchange revenue and expenditure facilitation, and handled the pilot business of 47.9 billion US dollars in the first three quarters, a year-on-year increase of 91%.
*:Volkswagen**.