The reporter learned today that a manufacturing enterprise in Nansha District of Guangzhou, with the assistance of Nansha branch of Industrial And Commercial Bank Of China Limited(601398) Guangdong pilot Free Trade Zone, successfully handled the first new offshore international trade business in the region. The scope of Nansha’s new offshore trade business has been further expanded. In addition to traditional international business, Nansha’s business has been further integrated with the international market, helping Nansha build a new offshore international trade demonstration zone.
The reporter learned that recently, Guangzhou Nansha issued the implementation plan on promoting offshore trade in Nansha free trade area, which will try first in the field of offshore trade, promote the innovation of offshore trade policies and promote the high-quality development of offshore trade industry.
Including the introduction of a series of documents such as the detailed rules for the implementation of the pilot reform of cross-border trade and investment and high-level opening up of foreign exchange management in Guangzhou Nansha New Area of China (Guangdong) pilot Free Trade Zone issued by the Guangdong Branch of the State Administration of foreign exchange, which added impetus to the facilitation of cross-border trade, investment and financing in Nansha and helped to improve the ability of Nansha to provide financial services to the real economy.
According to the requirements of the implementation rules, the financial institutions in Nansha District give full play to the policy advantages of the banks in the free trade zone. By strengthening the due diligence of the enterprise, and on the premise of being fully familiar with the background, production and trade and other information of the enterprise, the financial institutions in Nansha District make a comprehensive evaluation on the rationality of the off shore resale of the enterprise. Relying on the classification of enterprises to implement accurate management, we can effectively deal with the problems of background verification difficulty and bank side business information asymmetry in the new offshore international trade due to “two ends out”.
In the process of business processing, banks optimize the review process of trade contracts, invoices, transportation documents and other data, and efficiently compare and verify the type, price, trade path and other information of trade goods involved in the transaction process with the documents provided. On the basis of ensuring the authenticity and rationality of the trade background, we can achieve efficient capital settlement for enterprises’ offshore trade.
Industrial And Commercial Bank Of China Limited(601398) the relevant person in charge of Nansha branch of Guangdong pilot Free Trade Zone said that ICBC Nansha would seize the opportunities of innovation policies in the free trade zone, improve the classification accuracy of new offshore international trade customers, constantly innovate products and optimize business processes, and further promote the implementation of various cross-border trade, investment and financing facilitation policies to benefit enterprises.
Guangzhou Nansha cross-border finance has made new progress in promoting the facilitation of cross-border investment and financing. It has carried out pilot policies for cross-border finance such as free trade account, cross-border two-way RMB financing and foreign exchange management reform, and has been approved to become the first batch of pilot areas for high-level opening-up of cross-border trade and investment in China. The cumulative cross-border RMB settlement volume has exceeded 513.9 billion yuan. Enterprises in Nansha free trade area have opened 4999 ft accounts, issued 51.848 billion yuan of loans under ft to enterprises, opened 131 full-function capital pools, and the net inflow amount is 161472 billion yuan, benefiting 301 enterprises at home and abroad.
