中国推动跨境贸易高水平开放试点优化扩围

Core Viewpoint - China is promoting the optimization and expansion of high-level cross-border trade pilot programs to facilitate foreign exchange settlement and support stable foreign trade development [1][2]. Group 1: Policy Optimization - The State Administration of Foreign Exchange (SAFE) aims to broaden the coverage of cross-border trade high-level open pilot programs to more regions with genuine needs and compliant business entities [1]. - The notification includes measures to optimize and expand facilitation policies, support the healthy development of new trade formats, and enhance the efficiency of fund utilization for trade enterprises [1]. Group 2: Financial Settlement Improvements - The notification allows for the expansion of net settlement types for enterprises under the current account, supporting the net settlement of service fees related to transportation, warehousing, maintenance, and compensation associated with goods trade [1]. - It simplifies procedures for high-quality multinational companies regarding centralized receipt and payment of current account funds, enabling banks to facilitate foreign exchange business more conveniently [1]. Group 3: Support for SMEs and Engineering Enterprises - The notification emphasizes leveraging reputable e-commerce platforms and foreign trade service companies to recommend and enhance the creditworthiness of small and medium-sized enterprises (SMEs) involved in new trade formats [2]. - It supports engineering companies in the centralized allocation and use of funds across countries and regions, effectively activating "idle" funds from overseas projects and reducing financial costs for enterprises [2].