本年度，国家及深圳地区持续推动外汇政策升级，核心在于提升跨境贸易和投融资便利化水平。贸易便 利化方面，"拓宽深圳贸易高水平开放试点轧差净额结算业务种类"等系列政策出台；同时，依托跨境金 融服务平台，上线新型离岸贸易背景核验场景，大幅提升单据审核效率。跨境投融资便利化方面，"取 消外商投资企业再投资登记"等涵盖投资、融资等的一揽子便利化政策落地，深圳地区同步推出并落地 高版本本外币一体化资金池"3.0版"，进一步优化跨国公司资金归集使用效率。 与这种开放创新精神一脉相承，兴业银行深圳分行自1998年成立以来，作为总行在粤港澳大湾区的重要 分支机构，已成长为深圳股份制商业银行第一梯队、总行系统内领先的金融机构。立足"先行示范 区""粤港澳大湾区"双区建设前沿，深圳分行紧跟国家战略与区域发展步伐，深耕区域资源禀赋，坚持 创新驱动发展。深入贯彻落实中央金融工作会议精神，分行全力推进科技金融、绿色金融、普惠金融、 数字金融、养老金融五篇大文章，持续提升服务实体经济和社会民生质效。 近年来，兴业银行深圳分行将跨境金融作为战略重点，紧扣"跨境贸易和投融资便利化""深圳综合改革 试点方案"、"2025年深圳稳外贸支持政策要点 ...

活动中，中国银行深圳市分行副行长高文明、交易中心南方中心（中汇金科）副总经理张斌分别致辞。 高文明表示，中国银行不断丰富和提升各项跨境金融服务，为企业提供有价值的政策解读、市场资讯及 汇率风险管理解决方案，为企业全球化发展保驾护航。张斌表示，交易中心积极服务实体经济，发挥政 策传导和贴近市场主体的优势，推出以银企平台为核心的"CFETS助企汇"一揽子服务，并与中国银行等 合作伙伴共同努力，切实提升企业汇率风险管理能力，夯实了金融服务实体经济的市场基础。 中国银行高级交易员梁玥以专业视角剖析了当前全球汇率市场新态势，解读主要发达经济体宏观经济政 策与运行状况对汇率产生的多维度影响，为企业开展汇率风险管理提供有力依据与参考。中国银行香港 分行高级交易员刘仁宾介绍了常见汇率风险管理工具，帮助企业在不同场景下有效规避因汇率波动而引 发的非必要损失。交易中心南方中心外汇业务主管张蕾聚焦"汇率风险中性"理念，系统介绍银企平台的 功能优势与应用场景。 本报讯 记者张弛报道 近日，中国外汇交易中心（以下简称"交易中心"）和中国银行总行及深圳市分行 联合举办"助企共赢"企业汇率风险管理专场活动，百余家深圳本土制造行业企业代表参 ...

Core Viewpoint - The article emphasizes the importance of stabilizing foreign trade in the context of a complex and uncertain global economy, highlighting the proactive role of the Bank of Communications Henan Branch in supporting foreign trade enterprises [1][2]. Group 1: Financial Support for Foreign Trade Enterprises - The Bank of Communications Henan Branch has taken responsibility for providing financial services to the real economy, focusing on foreign trade enterprises, particularly in the used car import and export sector [1]. - As of September 2025, the bank has opened foreign currency accounts for 23 key foreign trade enterprises, with a related loan balance of 36.78 million yuan, reflecting a year-on-year increase of over 600% and a 10 basis point reduction in financing costs [1]. - The bank has improved customer experience by enhancing cross-border settlement and comprehensive financial services, utilizing the "cross-border RMB settlement facilitation" pilot to help enterprises increase capital turnover efficiency [1]. Group 2: Innovation and Collaboration - The Bank of Communications Henan Branch has strengthened cooperation with government departments, establishing an information exchange mechanism to integrate key data such as customs clearance and tax refunds [2]. - The bank has innovated financial products tailored to foreign trade enterprises, relying on a customized credit assessment system to enable "instant approval" for loans [2]. - Future plans include deepening scenario-based innovative services and enhancing financial service capabilities to better support enterprises [2].

Core Viewpoint - The article emphasizes the importance of stabilizing foreign trade in the context of a complex and uncertain global economy, highlighting the proactive role of the Bank of Communications Henan Branch in supporting foreign trade enterprises [1][2]. Group 1: Financial Support for Foreign Trade Enterprises - The Bank of Communications Henan Branch has taken responsibility for providing financial services to the real economy, focusing on foreign trade enterprises, particularly in the used car import and export sector [1]. - As of September 2025, the bank has opened foreign currency accounts for 23 key foreign trade enterprises, with a related loan balance of 36.78 million yuan, representing a year-on-year increase of over 600% [1]. - The financing cost for these enterprises has decreased by 10 basis points, and the bank has improved customer experience by enhancing cross-border settlement and comprehensive financial services [1]. Group 2: Innovative Financial Products and Services - The Bank of Communications Henan Branch has strengthened cooperation with government departments to establish an information exchange mechanism, integrating key data such as customs clearance and tax refunds [2]. - The bank has innovated financial products tailored to foreign trade enterprises, utilizing a customized credit assessment system to enable "instant approval" for loans [2]. - Future plans include deepening scenario-based innovative services to enhance financial service capabilities for enterprises [2].

Core Viewpoint - The article discusses the shift in foreign trade enterprises' currency exchange strategies in response to the Federal Reserve's interest rate cuts and the depreciation pressure on the US dollar, leading to an increased willingness to convert foreign currency into domestic currency [2][4][7]. Group 1: Currency Exchange Strategies - Following the Federal Reserve's interest rate cut in mid-September, many foreign trade enterprises, such as those in the consumer electronics sector, are opting to convert a portion of their dollar payments to lock in favorable exchange rates [2][4]. - Enterprises that previously adopted a "non-essential do not convert" strategy are now increasing their currency conversion efforts, recognizing that the Fed's rate cuts will lower the returns on dollar-denominated investments [4][6]. - The average currency conversion rate for foreign trade enterprises has slightly increased to 53.7% in the first eight months of the year, compared to the previous year's average [6]. Group 2: Impact of Interest Rates and Exchange Rates - The interest rate differential between US dollar investments and domestic RMB investments had previously attracted foreign trade enterprises to hold onto their dollar funds, with US dollar money market funds yielding around 4.6% [6][7]. - The recent shift in sentiment is attributed to the decline in US Treasury yields and the expectation of a rising RMB against the dollar, prompting enterprises to convert more of their dollar earnings [7][8]. - The RMB/USD exchange rate has recently strengthened, breaking the 7.1 mark, which has further encouraged enterprises to increase their currency conversion amounts [9][10]. Group 3: Risk Management and Financial Tools - Companies are adjusting their risk management strategies for currency fluctuations, with some opting to hedge against exchange rate risks by betting on RMB appreciation for future imports [4][12]. - Financial institutions are offering customized forward exchange solutions to help enterprises lock in favorable exchange rates and manage their cash flow needs [11][13]. - The use of foreign exchange hedging tools has increased, with the corporate foreign exchange hedging ratio rising to approximately 30% in September, up from 17% in 2020 [13].

Core Viewpoint - Recently, Industrial Bank Co., Ltd. Kunming Branch successfully executed its first foreign exchange options business, aiding a company in Qujing to effectively hedge against exchange rate risks in cross-border operations [1] Group 1: Business Development - The company has established a professional team to address the foreign exchange risk hedging needs of 27 key import and export enterprises in Qujing [1] - A recommendation meeting on exchange rate risk neutrality was conducted in collaboration with the Qujing Branch to better serve local enterprises [1] Group 2: Product Offering - The foreign exchange options business allows companies to agree on nominal principal, execution exchange rate, and expiration date, providing the right to exchange USD for RMB at the agreed rate on a future date [1] - The bank can facilitate reverse hedging, full or partial settlement for the option contracts, effectively mitigating exchange rate risks [1] Group 3: Client Support and Education - The bank emphasizes the importance of educating enterprises on foreign exchange knowledge and regularly visits them to promote hedging products [1] - The initiative aims to help enterprises overcome core issues such as misunderstanding policies, unfamiliarity with tools, and concerns about costs, thereby enhancing their ability to utilize hedging tools effectively [1]

Core Insights - The article emphasizes the increasing demand for specialized, efficient, and convenient foreign exchange financial services due to the deepening of economic globalization and the continuous improvement of China's opening-up level [1] Group 1: Policy Implementation and Service Enhancement - The State Administration of Foreign Exchange in Shandong Province has issued a notice to facilitate capital project management, allowing non-financial enterprises to handle foreign debt registration directly with banks, significantly streamlining the process [2] - In July, the bank provided a one-stop service for a foreign enterprise by handling historical foreign debt cancellation and new foreign debt registration, saving time for the enterprise [2] Group 2: Online Service Optimization - The bank has developed a comprehensive online product system called "Cross-Border Instant Access," which includes various services for both export and import, enabling self-service operations and a paperless process [3] - The bank's online services have fully digitized foreign exchange and letter of credit operations, allowing enterprises to initiate transactions through online banking, enhancing flexibility and efficiency [3] Group 3: Direct Engagement with Enterprises - The bank actively engages with enterprises to understand their needs and challenges, providing tailored financial solutions, including cross-border direct lending to address low-cost financing demands [4] - The bank promotes risk management tools such as forward foreign exchange and options to help enterprises mitigate currency fluctuation risks [4] Group 4: Future Directions - The bank aims to continuously optimize cross-border investment and trade settlement services, integrating digital financial capabilities with national facilitation policies to offer more efficient and cost-effective solutions for enterprises [5]

Core Insights - The Guangdong Free Trade Zone (FTZ) has seen significant developments in financial support and innovation over the past decade, particularly in cross-border trade and investment facilitation [1][7] - The introduction of the "FT Account" has provided companies with advantages in foreign exchange risk management, allowing for more efficient capital turnover and reduced costs [3][7] - The establishment of the cross-border data verification platform has enhanced the efficiency of credit assessments and loan approvals for businesses operating in the Guangdong-Macao cooperation zone [4][5] Financial Innovations - The "FT Account" allows for integrated onshore and offshore currency transactions, providing a more favorable exchange rate for enterprises, which has been crucial for companies facing long-term contracts and exchange rate volatility [3][7] - The implementation of the "fund flow credit information sharing platform" aims to address the credit information gap for small and micro enterprises, facilitating easier access to financing [5][7] Industry Impact - The shipbuilding industry in Guangzhou is experiencing high demand, with orders extending to 2029, but companies are increasingly concerned about the impact of currency fluctuations on profitability [2] - High-tech enterprises in the environmental monitoring sector are leveraging innovative financing solutions, such as the "fund flow + science and technology quick loan," to meet substantial R&D funding needs [6]

Core Insights - The Guangdong Free Trade Zone (FTZ) has seen significant developments in its ten years of establishment, with a focus on financial support and cross-border trade facilitation [1][7] - The introduction of the "Gold Reform 30" policies has improved cross-border RMB settlement, reducing exchange costs and enhancing capital turnover efficiency for businesses [1][7] - The FT account system has been instrumental in providing businesses with favorable exchange rates and risk management solutions [3][7] Group 1: Financial Innovations and Support - The FT account offers a more advantageous exchange rate compared to domestic forward settlement rates, allowing companies to hedge against currency risks effectively [3] - A shipbuilding company has secured forward settlement of $64 million through the FT account, demonstrating the practical benefits of the financial policies in the FTZ [3] - The cross-border data verification platform has streamlined the loan approval process for individuals and businesses, enhancing efficiency and reducing operational costs [4][5] Group 2: Business Growth and Challenges - A shipbuilding enterprise has orders extending to 2029 but faces significant risks from currency fluctuations, highlighting the sensitivity of export-oriented companies to exchange rate volatility [2] - A high-tech company in the environmental monitoring sector has benefited from tailored financing solutions that leverage data flow for credit assessment, resulting in a quicker loan approval process [6] - The establishment of a national credit information sharing platform aims to support small and micro enterprises in obtaining financing by addressing credit information gaps [6]

Group 1 - The foreign exchange hedging ratio for enterprises reached approximately 30% in the first half of this year, marking a historical high [1] - Foreign exchange hedging involves using derivatives such as forwards, swaps, or options to lock in future exchange rates, helping companies manage the impact of exchange rate fluctuations [1] - Companies engaged in import and export trade face exchange rate risks, making hedging a common risk management strategy [1] Group 2 - In an open economy with a market-oriented exchange rate, companies should focus on "preservation" rather than "appreciation" as the core principle of exchange rate risk neutrality [2] - Banks are encouraged to enhance services for managing exchange rate risks, promote the concept of exchange rate neutrality among foreign trade enterprises, and correct speculative mindsets [2] - There is a need for banks to diversify financial products and provide customized exchange rate hedging services, particularly for small and medium-sized enterprises and new foreign trade business models [2]