Core Viewpoint - Jingdezhen, known as the "Porcelain Capital," is enhancing its tourism and ceramic trade through innovative payment solutions and international collaboration, aiming to attract more foreign visitors and facilitate exports [1]. Group 1: Tourism and Visitor Statistics - In 2024, Jingdezhen is expected to receive nearly 60 million domestic and international tourists, with over 5,000 foreign visitors participating in local events [1]. - The city will host the International Ceramic Expo with participation from over 1,100 global enterprises, while 173 local companies will export Jingdezhen-made ceramics [1]. Group 2: Payment Ecosystem for Foreign Tourists - A "1+4+N" working mechanism has been established by the People's Bank of China in Jingdezhen, focusing on payment convenience and including four major projects to enhance the payment experience for foreign tourists [2]. - In 2024, local banks provided card services to 3,087 incoming tourists, assisted 1,100 with QR code payments, and offered foreign currency cash services to 3,400 individuals [2]. - The city has over 1,000 merchants accepting foreign cards, with more than 300 ATMs supporting foreign card withdrawals [2]. Group 3: Support for International Artists and Creators - A "30-minute payment service response circle" has been created to assist foreign artists in Jingdezhen, providing zero-fee services for currency exchange and account opening [3]. - The city has established bilingual service windows and self-service machines at 18 foreign-related bank branches, facilitating the opening of 2,835 bank accounts for foreign creators [3]. - The People's Bank of China is collaborating with local institutions to offer small loans to foreign artists through the "Bai Fu New Citizens Jingpiao Loan" program [3]. Group 4: Cross-Border Payment Solutions - The People's Bank of China has implemented a cross-border payment bridge, allowing foreign merchants to complete transactions quickly, exemplified by a Malaysian merchant completing a sale in just half an hour [4]. - The integration of foreign currency and local currency accounts has reduced the processing time for cross-border remittances from 48 hours to 15 minutes [4]. - Since 2024, local banks have issued 32.244 million yuan in non-repayable loans to foreign-funded ceramic enterprises, boosting exports to 790 million yuan, a 3.2-fold increase from 2020 [4].

Core Viewpoint - Fuyou Payment has submitted an application for a Hong Kong IPO, with CITIC Securities and Shenwan Hongyuan Hong Kong as joint sponsors. The company aims to enhance its digital payment services across various business scenarios in China [1]. Financial Performance - From 2022 to 2024, Fuyou Payment's revenue has shown a compound annual growth rate (CAGR) of 19.6%, with revenues of RMB 1.142 billion, RMB 1.506 billion, and RMB 1.634 billion respectively [6][8]. - In 2024, the company reported a net profit attributable to shareholders of RMB 84.065 million, a decline from RMB 93.165 million in 2023 [7][8]. - The company has declared dividends multiple times since 2022, with a total of approximately RMB 185 million declared from 2022 to 2024. For 2025, a mid-term dividend of RMB 40 million has been declared, with RMB 24.4 million already paid [11][12]. Market Position - As of December 31, 2024, Fuyou Payment ranked 8th among third-party payment service providers in China, holding a market share of 0.8% with a total payment transaction volume (TPV) of RMB 2.1 trillion [4][6]. - The overall TPV for China's digital payment service market in 2024 was RMB 268.6 trillion, dominated by three major non-independent providers that collectively held 75.6% of the market share [3]. Regulatory Compliance - Fuyou Payment has faced four administrative penalties totaling RMB 6.9 million since 2021 for non-compliance with relevant laws and regulations [12]. Future Plans - The company plans to use the funds raised from the IPO to enhance its product offerings through innovative solutions, invest in technology platforms and infrastructure, expand its payment network, and deepen relationships with ecosystem partners [12].

Core Insights - The article highlights the proactive customer service approach of Industrial Bank's Nanjing branch in assisting foreign clients, exemplified by the case of Mr. Roger from France who faced difficulties retrieving his swallowed ATM card [1][3][5] - The bank's response aligns with the Chinese government's initiative to enhance payment services for foreign visitors, showcasing a commitment to improving the overall payment experience [5] Group 1: Customer Service Enhancement - The Nanjing branch staff, particularly teller Tang Pu, demonstrated exceptional customer service by quickly addressing Mr. Roger's needs in English, which eased his anxiety [1][3] - The bank implemented a multi-faceted verification process to ensure the security and accuracy of the card retrieval, reflecting a balance between customer service and risk management [3][5] Group 2: Regulatory Compliance and Service Optimization - Following the State Council's directive in March 2024 to optimize payment services, the bank has actively upgraded its service system across various dimensions, including cash usage, mobile payments, and acceptance of foreign cards [5] - The bank's approach emphasizes the creation of warm and accessible payment service scenarios, enhancing the experience for international clients and fostering a positive perception of China's payment environment [5]