Core Viewpoint - The State Administration of Foreign Exchange (SAFE) is soliciting opinions on a draft notice aimed at further facilitating foreign exchange fund settlement to support stable foreign trade development, encouraging the inclusion of more new trade entities in the facilitation policy [1] Group 1: Trade Facilitation Policies - The draft encourages compliant banks to include trustworthy cross-border e-commerce platforms and foreign trade service enterprises, along with their recommended clients, in the trade facilitation policy or high-level open pilot [1][6] - It outlines various net settlement methods for trade-related payments, including general trade receipts between domestic and foreign affiliated enterprises, and expenses related to goods transportation, storage, and repairs [4][5] Group 2: Simplification for Multinational Corporations - Compliant banks can simplify the procedures for multinational corporations regarding the centralized management of current account funds and net settlement, provided they meet specific criteria [4][5] - The draft specifies that multinational corporations should conduct net settlements at least once a month and adhere to the trade facilitation policy or high-level open pilot regulations [5] Group 3: Employee Remuneration and Payment Facilitation - The draft allows compliant banks to determine exempt amounts for foreign employees' salaries based on provided documentation, enabling direct currency exchange without additional documentation within specified limits [5] - Banks are required to create tailored plans for enterprises, detailing the scope of applicable foreign employees and their salary arrangements [5] Group 4: Optimizing Foreign Trade Service Enterprises - Banks can process cross-border e-commerce settlements and related expenses based on electronic transaction information provided by foreign trade service enterprises, which must meet certain conditions [8] - Foreign trade service enterprises are required to have a robust risk control system and must disclose actual exchange rates to clients [8] Group 5: Service Trade and Project Management - The draft allows banks to directly handle service-related payment advances for trade, such as transportation and logistics costs, under certain conditions [9] - Enterprises engaged in overseas contracting can establish centralized management accounts abroad for better fund allocation and must report their account activities quarterly [9][10] Group 6: Special Foreign Exchange Business Handling - Banks are instructed to establish a system for handling special foreign exchange business related to current accounts, ensuring compliance with the principle of "substance over form" [10][11] - The notice emphasizes the importance of transaction authenticity and compliance monitoring by the SAFE [11]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) is soliciting opinions on a notice aimed at further facilitating foreign exchange fund settlement to support stable foreign trade development, emphasizing the inclusion of more new trade entities in the facilitation policy [1] Group 1: Policy Encouragement - The notice encourages the inclusion of more new trade entities under the facilitation policy, particularly focusing on cross-border e-commerce platforms and comprehensive foreign trade service enterprises that demonstrate good compliance and integrity [1] - It supports prudent and compliant banks in integrating trustworthy cross-border e-commerce platforms and their recommended clients into the trade facilitation policy or high-level opening pilot programs [1]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) is seeking public feedback on a draft notification aimed at facilitating cross-border trade payment and enhancing foreign exchange support for stable foreign trade development [1] Group 1 - SAFE has drafted a notification titled "Notice on Further Facilitating Foreign Exchange Fund Settlement to Support Stable Development of Foreign Trade" [1] - The notification is intended to improve the efficiency of foreign exchange services for foreign trade [1] - Public feedback is being solicited through email, mail, and fax, with a deadline set for October 5, 2025 [1]