Core Insights - The 2025 China International Service Trade Fair is being held in Beijing, focusing on financial services under the theme "Digital Intelligence Drives Open Win-Win" [1] - The Beijing branch of the People's Bank of China and the State Administration of Foreign Exchange are actively promoting foreign exchange management reforms and facilitating cross-border trade and investment [1] Cross-Border Trade Facilitation - The level of cross-border trade facilitation in Beijing has improved, with 30 pilot banks handling over 150,000 transactions worth more than $170 billion by the end of June [2] - Seven payment institutions and commercial banks have supported nearly 400,000 cross-border e-commerce enterprises this year, enhancing efficient and low-cost fund settlement [2] - A total of 79 pilot enterprises have signed agreements for cross-border financing, with a cumulative amount exceeding $4.8 billion [2] Growth in Cross-Border Transactions - The total amount of cross-border transactions in Beijing has rapidly increased, with a cumulative growth of 202.9% from 2019 to 2024, significantly outpacing the national growth rate [4] - In 2024, the region's foreign-related payment and receipt scale is expected to reach $2.4 trillion, accounting for 16.9% of the national total, with an annual growth rate of 13.8% [4] - The use of cross-border RMB has accelerated, with a year-on-year increase of 12.4% in the first half of 2025, reaching 6.2 trillion RMB [4] Currency Risk Management - Companies in Beijing have improved their ability to manage currency fluctuations, but challenges remain, particularly in understanding foreign exchange derivative products [5][6] - The Beijing branch of the State Administration of Foreign Exchange has established a "one platform, three pillars" mechanism to enhance corporate currency risk management capabilities [6] - The total signed amount of foreign exchange derivatives in Beijing increased by 28.1% year-on-year in the first half of the year, with a hedging ratio of 20.3%, up by 5 percentage points [6]
北京跨境收支跃上新台阶
Bei Jing Shang Bao·2025-09-11 15:02