Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has introduced nine facilitation measures aimed at enhancing the efficiency of foreign exchange support for stable foreign trade development, addressing current challenges in cross-border fund settlement [1][2]. Group 1: Policy Measures - The new policies focus on optimizing facilitation measures, supporting the healthy development of new trade formats, and improving the efficiency of fund usage for trade enterprises [1]. - Key measures include expanding the pilot scope for high-level cross-border trade openness and broadening the types of net settlement for current account funds, which will help reduce the frequency and cost of cross-border remittances for enterprises [1][2]. Group 2: Support for Employees and New Trade Formats - The policies also aim to facilitate salary-related foreign exchange needs for employees of quality enterprises, allowing banks to determine salary exchange amounts based on provided materials, thus improving processing efficiency [2]. - The new policies specifically support emerging trade formats such as cross-border e-commerce and market procurement, encouraging banks to include these entities in facilitation policies and optimizing their foreign exchange settlement processes [2][3]. Group 3: Compliance and Risk Management - The facilitation measures do not imply a relaxation of management; rather, they emphasize that "compliant banks" and "quality enterprises" are prerequisites for enjoying policy benefits, reinforcing the principle of "more integrity, more convenience" [3]. - The policies grant compliant banks greater autonomy while requiring them to establish robust risk management mechanisms, ensuring that foreign exchange operations remain healthy and stable [3]. Group 4: Economic Impact - The implementation of these measures is expected to strengthen the financial infrastructure of China's foreign trade, enhancing the vitality and momentum of cross-border trade [3].

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has announced new policies to facilitate foreign exchange fund settlement and support stable foreign trade development, introducing nine measures to deepen trade foreign exchange management reform and ease cross-border trade operations [1][2]. Group 1: Trade Facilitation Policies - The policies will expand the pilot areas and types of businesses involved in trade facilitation, covering more regions with genuine needs and compliant business entities [1]. - The types of businesses eligible for net settlement of current account funds will be broadened, allowing for the net settlement of service fees related to transportation, storage, maintenance, and compensation linked to goods trade [1]. Group 2: Support for New Trade Models - The measures will enhance the convenience of settlement for innovative businesses, encouraging banks to include more small and medium-sized enterprises in the category of quality enterprises eligible for favorable trade fund settlement policies [1][2]. - Banks are encouraged to shift from traditional document review methods to automated batch reviews based on electronic transaction information generated online by foreign trade service enterprises [2]. Group 3: Improvement in Service Trade Fund Utilization - The management of service trade advance payment business will be relaxed, allowing domestic enterprises to directly handle related fund receipts and payments at banks for transportation, storage, and maintenance fees [2]. - The policies aim to effectively mobilize "idle" funds from overseas engineering projects, reducing financial costs for enterprises and supporting high-quality development of the Belt and Road Initiative [2].

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has introduced a notification to further facilitate foreign exchange fund settlement, supporting stable development of foreign trade through nine policy measures aimed at optimizing convenience policies, supporting innovative business models, and enhancing the efficiency of fund utilization for service trade enterprises [1][2]. Group 1: Policy Measures - The notification includes nine policy measures that focus on promoting high-level openness in cross-border trade and expanding pilot areas to include more regions with compliant business entities that align with national strategic development [1][2]. - Since the pilot program began in 2022, regions such as Shanghai, Beijing, Jiangsu, and Guangdong have implemented policies that facilitate foreign exchange fund payments for current account items and support new international trade settlement methods [2][3]. - The notification aims to simplify procedures for high-quality multinational companies regarding current account fund concentration and net settlement, allowing banks to efficiently handle foreign exchange business for these companies [2][3]. Group 2: Support for New Business Models - The notification encourages the inclusion of more new trade entities in the facilitation policies, leveraging reputable e-commerce platforms and foreign trade service companies to recommend and enhance credit for small and medium-sized enterprises [2][3]. - Banks are guided to shift from traditional document review methods to automated batch reviews based on electronic transaction information provided by foreign trade service companies, streamlining the payment process for new trade entities [3]. Group 3: Enhancing Fund Utilization Efficiency - The notification allows for the relaxation of management on service trade advance payment businesses, enabling domestic enterprises to directly handle payments for transportation, warehousing, and maintenance fees with their trading partners [3][4]. - It supports the centralized management of funds for overseas engineering contracting enterprises, facilitating the allocation of funds across countries and regions, which can effectively reduce financial costs and enhance project efficiency [4].

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a notification to enhance the convenience of cross-border trade settlement and improve the quality of foreign exchange services supporting stable foreign trade development, with new policies aimed at expanding pilot areas and optimizing foreign exchange fund settlement for trade [1][2]. Group 1: Policy Optimization - The notification aims to optimize and expand convenience policies for cross-border trade, covering more regions with compliant business entities that align with national strategic development [2]. - It includes the expansion of net settlement types for quality enterprises under current account, supporting the settlement of fees related to transportation, warehousing, maintenance, and compensation linked to goods trade [2]. - The procedures for quality multinational companies regarding centralized payment and net settlement will be simplified, enhancing the efficiency of foreign exchange policies [2]. Group 2: Support for New Trade Models - The notification supports the healthy development of new trade models, such as cross-border e-commerce, which have become crucial for stabilizing and optimizing foreign trade [3]. - It encourages banks to include more small and medium-sized enterprises engaged in new trade models as quality enterprises eligible for more convenient trade fund settlement policies [3]. - Banks are guided to adopt automated batch review processes for electronic transaction information generated online, facilitating easier foreign exchange transactions for new trade entities [3]. Group 3: Efficiency in Fund Utilization - The notification enhances the efficiency of fund utilization for service trade enterprises, particularly for those involved in overseas contracting projects [4]. - It supports the centralized allocation of funds across countries and regions for contracting enterprises, effectively mobilizing "idle" funds from overseas projects and reducing financial costs [4]. - The management of service trade advance payment business is relaxed, allowing domestic enterprises to conveniently handle related fund transfers with counterparties [4].

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].

Group 1 - The State Administration of Foreign Exchange (SAFE) has introduced a series of nine new policies to facilitate foreign exchange settlement for foreign trade enterprises, aiming to enhance the efficiency and convenience of cross-border trade [1] - The pilot program for cross-border trade has been expanded to 11 regions, with a total of approximately $1.7 trillion in transactions processed under the pilot, which is expected to significantly reduce operational costs for companies [2] - The new policies will allow for the offsetting of service fees related to goods trade, such as freight and insurance, with payment for goods, thereby improving the efficiency of trade settlements [2] Group 2 - Cross-border e-commerce has become a vital support for foreign trade, with imports and exports reaching approximately 2.06 trillion yuan, a growth of 6.4% in the first three quarters of the year [3] - Banks are encouraged to adapt to the high-frequency and online nature of cross-border e-commerce transactions by automating the processing of payments based on electronic orders and logistics information [5] - The new policies will enhance the efficiency of service trade, which has seen rapid growth, with service trade imports and exports totaling $509.1 billion in the first half of 2025, a year-on-year increase of 6% [6] Group 3 - The new regulations allow construction companies to manage and allocate overseas funds across different projects and countries, addressing the issue of uneven distribution of overseas funds [7] - The implementation of these policies is expected to reduce foreign exchange losses by approximately 30 million yuan annually for companies, thereby enhancing their competitiveness in overseas markets [9] - The policies also simplify the procedures for handling service trade advance payments, allowing for more efficient processing of related financial transactions [9]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has introduced nine policy measures to facilitate foreign exchange fund settlement and support the stable development of foreign trade, focusing on optimizing convenience policies, supporting new trade business models, and enhancing the efficiency of fund usage for service trade enterprises [1][3]. Group 1: Optimization of Cross-Border Trade - The notification aims to expand the pilot program for high-level open cross-border trade, covering more regions with compliant business entities that align with national strategic development [3]. - Since the pilot program's launch in 2022, regions like Shanghai, Beijing, Jiangsu, and Guangdong have seen effective outcomes, promoting foreign-related economic development while managing risks [3]. - The notification proposes 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 [3]. Group 2: Support for New Trade Business Models - The notification encourages the inclusion of more new trade business entities in the facilitation policies, leveraging reputable e-commerce platforms and foreign trade service companies to recommend and enhance credit for small and medium-sized enterprises [4]. - Banks are guided to shift from traditional document review methods to automated batch reviews based on electronic transaction information provided by foreign trade service companies, facilitating easier fund transfers for new trade entities [4][5]. Group 3: Enhancing Fund Usage Efficiency for Service Trade - The notification relaxes management of service trade advance payment, allowing domestic enterprises to directly handle related fund transfers for transportation, warehousing, and maintenance fees through banks [6]. - It simplifies procedures for domestic enterprises engaged in overseas contracting projects to manage funds across multiple countries, enabling centralized management of overseas project funds [6]. - This support for overseas contracting is crucial for promoting product and service exports, contributing to the construction of a new development pattern and fostering mutually beneficial cooperation with relevant countries [6].

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has introduced nine policy measures to facilitate foreign exchange fund settlement and support the stable development of foreign trade, focusing on optimizing convenience policies, supporting new trade business models, and enhancing the efficiency of fund usage for service trade enterprises [1][3][5]. Group 1: Optimization of Cross-Border Trade High-Level Open Pilot - The new policies will expand the pilot areas for high-level open cross-border trade, covering more regions with genuine needs and compliant business entities [3]. - Since the pilot's initiation in 2022, regions like Shanghai, Beijing, Jiangsu, and Guangdong have seen effective implementation, promoting foreign-related economic development while managing risks [3]. - The measures include broadening the types of net settlement for current account funds and simplifying procedures for multinational companies [3][5]. Group 2: Support for New Trade Business Models - The policies encourage the inclusion of more new trade business entities in the facilitation framework, leveraging e-commerce platforms and foreign trade service companies to enhance credit [5]. - Banks are urged to adopt automated systems for reviewing electronic transaction information, streamlining the process for new trade entities [5]. - Cross-border e-commerce has shown significant growth, with an estimated import and export volume of approximately 2.06 trillion yuan, reflecting a 6.4% increase in the first three quarters of the year [5]. Group 3: Enhancing Fund Usage Efficiency for Service Trade Enterprises - The new regulations will relax management of service trade advance payment, allowing domestic enterprises to directly handle related fund settlements with trading partners [7][8]. - The policies will simplify fund settlement procedures for common scenarios in international trade, such as customs, storage, and logistics [8]. - The measures also support construction enterprises in managing overseas funds, allowing them to open centralized management accounts abroad for better fund allocation [8].

Core Viewpoint - The article discusses the recent policies introduced by the State Administration of Foreign Exchange (SAFE) to facilitate foreign exchange fund settlement and support the stable development of foreign trade, highlighting nine key measures aimed at optimizing cross-border trade operations and enhancing the efficiency of fund usage for service trade enterprises [2][3]. Group 1: Optimization of Cross-Border Trade - The new policies will expand the pilot program for high-level open cross-border trade to more regions, building on existing trials in cities like Shanghai, Beijing, Jiangsu, and Guangdong [7]. - The pilot program includes measures such as facilitating foreign exchange fund payments for current account items and expanding the scope of net settlement for trade receipts and payments [7]. - The policies aim to simplify procedures for multinational companies regarding current account fund concentration and net settlement, thereby enhancing the effectiveness of foreign exchange facilitation policies [7]. Group 2: Support for New Trade Formats - The policies encourage the inclusion of more new trade format entities in the facilitation measures, leveraging reputable e-commerce platforms and foreign trade service companies to enhance credit for small and medium-sized enterprises [9]. - Banks are urged to adopt automated systems for reviewing electronic transaction information provided by foreign trade service companies, streamlining the process for new trade format entities [9]. - Cross-border e-commerce has seen significant growth, with an estimated import and export volume of approximately 2.06 trillion yuan in the first three quarters of the year, reflecting a 6.4% increase [9]. Group 3: Enhancing Fund Utilization Efficiency - The policies will relax management of service trade advance payment businesses, allowing domestic enterprises to directly handle related fund payments through banks for transportation, warehousing, and maintenance costs [12]. - The measures will simplify fund settlement procedures for common scenarios in foreign trade, such as advance payments for customs clearance and logistics [13]. - The policies also support construction enterprises in managing overseas funds centrally, allowing them to open accounts abroad for better fund allocation and management, which is crucial for international cooperation and project execution [13].

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a notification to further facilitate foreign exchange fund settlement and support stable development of foreign trade through nine policy measures aimed at optimizing convenience policies, supporting new trade business models, and enhancing the efficiency of fund usage for trade enterprises [1]. Group 1: Optimization of Convenience Policies - The expansion of cross-border trade high-level open pilot areas will cover more regions with genuine needs and compliant business entities, building on the success of the pilot program that has processed approximately $1.7 trillion in transactions since 2022 [3][15]. - The types of net settlement for cross-border trade will be broadened to include service fees related to transportation, warehousing, maintenance, and compensation, thereby reducing settlement costs [4][16]. - Simplification of procedures for multinational companies regarding the centralized collection and payment of current account funds will be implemented, allowing banks to facilitate foreign exchange business more efficiently [5][17]. - Enhanced convenience for quality enterprises in handling foreign employee salary payments will be provided, allowing banks to determine salary exchange amounts based on company-provided materials, significantly improving processing efficiency [6][18]. Group 2: Support for New Trade Business Models - Encouragement for more new trade business entities to be included in the convenience policy framework, leveraging reputable e-commerce platforms and foreign trade service companies to facilitate bank inclusion of small and medium-sized enterprises [7][21]. - Optimization of foreign exchange fund settlement for foreign trade service enterprises will be achieved by allowing banks to process transactions based on electronic trading information provided by these service companies, thus improving efficiency [8][22]. - Establishment of a mechanism for handling special foreign exchange business for current accounts will be directed, ensuring that banks efficiently process complex and innovative foreign exchange transactions with legitimate backgrounds [9][24]. Group 3: Enhancing Fund Usage Efficiency for Trade Enterprises - Relaxation of management for service trade advance payment business will allow domestic enterprises to directly handle payments for transportation, warehousing, and maintenance services at banks [11][26]. - Support for overseas project funding management for contracting enterprises will be provided, enabling centralized management of funds across different countries and projects, which will help reduce financial costs and enhance competitiveness [12][27]. - The new policies are expected to reduce overseas fund occupation by approximately 500 million RMB and decrease foreign exchange losses by around 30 million RMB annually, thereby strengthening the overall competitiveness of enterprises in overseas markets [13].