Di Yi Cai Jing·2025-06-09 13:16Group 1 - The State Administration of Foreign Exchange is piloting a new offshore international trade business background verification application in Shanghai to enhance the quality of offshore international trade and support banks in their operations [1] - Industrial and Commercial Bank of China (ICBC) Shanghai Branch is one of the first banks to participate in this pilot, successfully processing offshore international trade business background verification for two enterprises on the same day the system went live [1] - The new verification process significantly reduces the time required for transaction documentation and fund transfer, completing the entire process in just 20 minutes, thus improving the efficiency of fund turnover for enterprises [1] Group 2 - The new offshore international trade business background verification scenario helps identify false trade logistics information and prevents duplicate payments, addressing long-standing challenges in offshore international trade audits [2] - The implementation of this function promotes safer, more efficient, and compliant offshore international trade, contributing to the long-term and stable development of the industry [2] - ICBC Shanghai Branch plans to continue enhancing its role as a financial intermediary by focusing on the construction of new offshore international trade scenarios, optimizing processes, simplifying procedures, and reducing costs for enterprises [2]