Core Viewpoint - The People's Bank of China has issued a notice to support cross-border RMB settlement for new foreign trade business models, aiming to enhance financial services for the development of these new business forms [1][5]. Group 1: Support for Cross-Border Settlement - The notice aims to facilitate better financial services for cross-border e-commerce, market procurement, offshore trade, and overseas warehouses, which have seen significant growth in recent years [1][2]. - In the first four months of this year, the scale of cross-border RMB payments for goods trade reached 2.2 trillion yuan, a year-on-year increase of 26%, accounting for 16% of total cross-border payments in goods trade [3]. - The China Export & Credit Insurance Corporation has supported new foreign trade business models with a total underwriting amount of 88.9 billion USD this year, indicating strong demand for risk coverage in the current international environment [10][11]. Group 2: Financial Institutions' Role - Financial institutions are encouraged to collaborate and provide convenient financial services to foreign trade enterprises with real transaction backgrounds, as outlined in the government's opinions [7][12]. - Agricultural Bank of China has actively promoted foreign exchange derivative transactions to help companies manage exchange rate risks, successfully facilitating a 200 million yuan forward foreign exchange transaction for a local fruit import company [2]. - China Merchants Bank has reported a 24% year-on-year increase in international trade settlement services and a 44% increase in import and export trade financing in the first four months of this year [7]. Group 3: Innovative Financial Products - Construction Bank has developed a dedicated product for cross-border e-commerce, allowing companies to efficiently manage their overseas sales funds [9]. - Xinyu Group has benefited from innovative financing solutions provided by banks, ensuring smooth capital turnover for its overseas subsidiaries amid challenges in accessing traditional financing channels [8]. - The introduction of various financial products aims to reduce costs and improve efficiency for cross-border enterprises, helping them expand revenue streams [4][9].

Core Insights - Foreign trade is a crucial driver of economic growth in China, significantly impacted by global changes such as trade protectionism and geopolitical conflicts [1] - The Export-Import Bank of China, Fujian Branch, is actively supporting foreign trade through various financial measures and partnerships [2][3][4][5] Group 1: Policy and Financial Support - The Export-Import Bank of China has signed a strategic cooperation agreement with the Fujian provincial government, committing to a 5-year cooperation amount of 500 billion RMB, with 388 billion RMB specifically for foreign trade [2] - The Fujian Branch has established an 850 billion RMB special quota for foreign trade in collaboration with the provincial commerce department, exceeding targets [2] - The bank has consistently participated in the China International Import Expo, achieving an average annual growth of 30% in signed financing amounts, with a target of 45 billion RMB for 2024 [2] Group 2: Product and Service Innovation - The Fujian Branch focuses on supporting new foreign trade models, integrating financial products, and innovating service modes to boost sectors like cross-border e-commerce and offshore trade [3] - The bank has issued a manual for new offshore international trade business and provided comprehensive credit for cross-border e-commerce enterprises [3] Group 3: International Expansion Support - The Fujian Branch aims to facilitate enterprises' international expansion by establishing a financing window for the Belt and Road Initiative, with a target of 350 billion RMB [4] - The bank has successfully financed major projects under the Belt and Road Initiative, including the largest foreign joint venture project in Fujian [4] Group 4: Support for Small and Micro Enterprises - Small and micro foreign trade enterprises are a vital part of Fujian's economy, and the bank is addressing their financing challenges by increasing support through innovative products [5] - In 2024, the bank provided 440 million RMB in loans to over 140 small foreign trade enterprises and expanded its direct lending services [5] - The bank is committed to enhancing financial services for small and micro enterprises to improve their competitiveness in international markets [5]

Core Viewpoint - China's foreign trade is a crucial component of its open economy and plays a key role in facilitating domestic and international dual circulation, with a total import and export volume reaching 43.8 trillion yuan in 2024, marking a historical high and maintaining its position as the world's largest goods trader for eight consecutive years [1] Group 1: Market Expansion and New Opportunities - Star Refrigeration achieved a "nine consecutive increases" in exports, growing from $30 million to nearly $200 million, by consolidating traditional markets and accelerating expansion into the "Belt and Road" markets, particularly in Southeast Asia [2] - The company has established a production base in Thailand, with an annual capacity of 80,000 units, primarily targeting the Southeast Asian market [2] - The expansion into new markets and the establishment of smart factories have significantly improved production capacity and efficiency [2] Group 2: New Trade Models and Digital Transformation - The online exhibition model adopted by Litian Toys allows overseas buyers to place orders anytime, showcasing over 300,000 toy products [4] - The introduction of AI products in Yiwu International Trade City has enhanced product visibility and accessibility for foreign buyers [5] - New trade models, including cross-border e-commerce and live streaming sales, are becoming vital forces driving China's foreign trade growth [5] Group 3: Innovation and Product Development - Ecovacs Robotics has seen high demand for its smart lawn mowers, with 40% of its products exported, emphasizing the importance of continuous innovation to remain competitive in the global market [6][7] - Companies are focusing on high-tech, high-value-added products, with electric vehicles, 3D printers, and industrial robots gaining traction in international markets [7] Group 4: Brand Development and Market Penetration - Sen Dic Sports has transitioned from a traditional OEM to a multinational brand, exporting to over 60 countries and employing more than 3,000 people [8] - The company has developed six proprietary brands and collaborates with international sports brands to enhance its market presence [9] - The rise of domestic brands in international markets is evident, with self-owned brand exports increasing to 21.8% of total exports in 2024 [10] Group 5: Policy Support and Trade Facilitation - Hongfujin Precision Electronics has benefited from innovative customs policies, reducing clearance times significantly and achieving a 30% year-on-year increase in import and export volume [11] - Various policy measures have been implemented to support foreign trade stability, including simplifying import and export processes and expanding export credit insurance [12] - Despite external challenges, China's foreign trade demonstrates resilience and potential for growth through innovation and adaptation [12]