Sou Hu Cai Jing·2025-10-30 23:48Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Jingdezhen Branch is actively responding to the foreign exchange hedging needs of export-oriented enterprises by utilizing derivative tools such as forward foreign exchange settlements and foreign exchange swaps, effectively helping local foreign-related enterprises enhance their foreign exchange risk management capabilities and achieve cost savings [1][3]. Group 1: Policy Guidance - The Jiangxi Provincial Foreign Exchange Administration has established a comprehensive foreign exchange hedging service mechanism, providing clear policy guidance for banks to conduct foreign exchange hedging business [2]. - A service system covering the entire province has been developed, promoting cooperation between government, banks, and enterprises, and establishing a financial guarantee support system to reduce the margin costs for enterprises engaging in hedging [2]. - The policy framework encourages banks to lower transaction costs and design customized hedging solutions for enterprises, thereby enhancing the efficiency of foreign exchange business processes [2]. Group 2: ICBC's Practical Application - ICBC has established a comprehensive service system for foreign exchange hedging products, utilizing various financial tools such as forward contracts and swaps, and innovating product design to meet diverse client needs [3]. - A recent case involved a manufacturing enterprise that received USD payments from abroad and had import needs in the near future. ICBC recommended a "near-end settlement + far-end purchase" foreign exchange swap, allowing the enterprise to meet its immediate RMB funding needs while locking in future purchase costs [3]. - The practice of "foreign exchange hedging" by ICBC demonstrates that enterprises can secure immediate funding support and lock in exchange rate costs through foreign exchange derivatives, effectively mitigating exchange rate volatility risks [3]. Group 3: Future Directions - ICBC Jingdezhen Branch plans to deepen cooperation with the Foreign Exchange Administration and continue optimizing services for enterprise foreign exchange risk management, expanding the coverage of foreign exchange derivative products [4]. - The bank aims to guide enterprises in establishing their own foreign exchange risk management mechanisms to effectively address the uncertainties posed by exchange rate fluctuations, thereby contributing to the high-quality development of the foreign-related economy in Jingdezhen [4].