FINANCIAL STREET(SZ:000402) Xin Hua Cai Jing·2025-10-29 06:46Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a notification to enhance the facilitation of foreign exchange fund settlement to support stable foreign trade development, aiming to optimize policies and improve service quality for cross-border trade [1][2]. Group 1: Policy Optimization - The notification promotes the expansion of facilitation policies, covering more regions with genuine needs and compliant business entities, beyond existing pilot areas [1]. - It aims to broaden the types of net settlement for current account funds, supporting the net settlement of service fees related to goods trade, thereby reducing settlement costs [1]. - Simplification of procedures for quality multinational companies regarding current account fund concentration and net settlement is emphasized, allowing banks to facilitate foreign exchange business more conveniently [1]. Group 2: Support for New Trade Models - The notification encourages the healthy development of innovative businesses in trade, leveraging reputable e-commerce platforms and foreign trade service companies to include more small and medium-sized enterprises in the scope of quality enterprises [2]. - It guides banks to shift from traditional document review methods to automated batch reviews based on electronic transaction information provided by foreign trade service companies [2]. - A mechanism for handling special foreign exchange business for current accounts is to be established, focusing on efficient processing of personalized and complex foreign exchange transactions for domestic institutions with legitimate trading backgrounds [2]. Group 3: Enhancing Fund Utilization Efficiency - The notification relaxes management of service trade advance payment businesses, allowing direct handling of related fund receipts and payments by banks for domestic enterprises [2]. - It supports engineering companies in the centralized allocation of funds across countries and regions, effectively utilizing "idle" funds from overseas projects to reduce financial costs [2]. - The initiative aims to contribute to the high-quality development of the Belt and Road Initiative [2].