According to the news on February 8, the State Council issued the reply on agreeing to establish a comprehensive pilot zone for cross-border e-commerce in 27 cities and regions such as Inner Mongolia Eerduosi Resources Co.Ltd(600295) . It is necessary to further improve the cross-border E-Commerce Statistical System and implement the supporting policies of exemption from value-added tax and consumption tax for cross-border e-commerce retail export goods in the comprehensive pilot zone. Enterprises can choose to collect enterprise income tax after verification, The pilot policy of cross-border e-commerce retail import will be automatically applied to the cities (regions) where the comprehensive pilot zone is confirmed by the local customs to meet the regulatory requirements, and enterprises will be supported to jointly build and share overseas warehouses.
CICC pointed out that in the long run, the epidemic has accelerated the formation of online shopping habits, and there is still room for cross-border e-commerce to penetrate; Diversify the platform pattern and broaden the channels for brands to go to sea; Improve logistics efficiency and open restrictions on cross-border e-commodities. Compared with traditional trade, the value of Chinese brands has nearly 8% room for improvement in the cross-border e-commerce value chain, and their competitiveness is expected to be enhanced. During the epidemic period, overseas warehouse investment was hot, which made up for the performance difficulties of direct mail in specific scenarios, and improved the resource layout of Chinese logistics providers in the overseas tail. The future development of overseas warehouse will move from extensive expansion to fine integration. The continuous rise of air and sea freight rates in 2021 is the result of repeated epidemics, supply chain disturbances and other factors; The main beneficiaries of high freight rates are the transport capacity side. It is believed that the investment focus of cross-border e-commerce logistics lies in brand going to sea and logistics upgrading. A cross-border logistics enterprise focusing on full link card layout, building integrated products and obtaining high-quality direct customers is expected to grow into a global leader in cross-border logistics.
China Merchants Securities Co.Ltd(600999) believes that benefiting from the development of cross-border e-commerce and the coordinated integration of the whole industrial chain, cross-border e-commerce logistics has also ushered in development opportunities. In recent five years, the compound growth rate of cross-border e-commerce logistics market scale has reached 42.3%, the market scale will reach 1.3 trillion yuan in 2020, the compound growth rate is expected to be 22.5% in the next five years, and the market scale is expected to reach 3.6 trillion yuan in 2025. We are optimistic about companies with full link resource integration capability, look for industry chain leaders, and recommend S.F.Holding Co.Ltd(002352) (Ezhou airport helps cross-border network and cooperates with Kerry Logistics to develop international market), Cosco Shipping Holdings Co.Ltd(601919) (Master cross-border trunk logistics network and establish end-to-end digital supply chain network).
