湖南 推进外汇便利化改革落地见效

Core Insights - The State Administration of Foreign Exchange (SAFE) has implemented a series of policies to optimize trade foreign exchange management, which took effect in June 2024, aimed at facilitating trade foreign exchange operations [1][2] Group 1: Policy Implementation - The registration process for trade foreign exchange receipts and payments has been simplified, allowing businesses to handle registrations directly at banks instead of through SAFE, with 38 designated banks and 647 corporate foreign exchange outlets available in Hunan Province [1] - As of the end of May this year, 2,422 new foreign trade enterprises in Hunan Province have completed their registration [1] Group 2: Efficiency Improvements - The new policies have significantly reduced the time required for special refund transactions under $200,000, with over 70% of these transactions no longer needing registration with SAFE, thus shortening processing time to about one working day [2] - A total of 890,000 USD in special refund transactions has been processed for 59 enterprises in Hunan Province since the policy implementation [2] Group 3: Business Development - The SAFE in Hunan has encouraged banks to enhance their operational capabilities, supporting the development of new trade formats such as market procurement trade and cross-border e-commerce [2] - Market procurement trade receipts have increased by 2.4 times year-on-year, while cross-border e-commerce receipts have grown by 39.8% [2] - Over the past year, banks in Hunan have processed 87,000 convenience transactions for more than 400 quality enterprises, amounting to 21.87 billion USD, fostering a positive cycle of "more integrity leads to more convenience" [2]