积极推进金融风险防范化解，坚持稳妥有序，切实维护辖区金融稳定。着力提升金融服务满意度，扎实 推进县域金融服务管理突破年专项行动，切实发挥征信促融资作用，持续推进支付环境便利化建设，提 升现金保障能力，认真开展金融统计、科技保障、法治央行建设、前瞻性和务实性研究等工作。 北京商报讯（记者 刘四红）8月8日，据人民银行黑龙江省分行官网当日消息，人民银行黑龙江省分行 召开2025年下半年全省人民银行工作会议暨外汇管理工作会议，总结上半年主要工作，分析当前形势， 部署下半年重点任务。 持续加力服务向北开放，稳步推进优质企业贸易外汇收支便利化试点优化扩围，多措并举宣传汇率风险 中性理念，降低企业汇率避险成本，切实规范外汇市场秩序。 会议对下半年重点工作提出具体要求。其中包括，实施好适度宽松的货币政策，综合运用多种货币政策 工具，保持流动性充裕，引导金融机构保持信贷合理增长。全面增强服务实体经济质效，要着力扩总 量，加速优结构，聚焦金融"五篇大文章"，提升金融政策和优惠产品知晓度、覆盖面，稳步降低企业综 合融资成本，进一步拓宽企业融资渠道。 ...

Core Viewpoint - The National Foreign Exchange Administration's Wuwei Branch has successfully initiated a pilot program for the cross-border financial service platform "Enterprise Exchange Rate Risk Management Service," which aims to help enterprises manage exchange rate risks effectively and improve operational efficiency [1] Group 1: Pilot Program Implementation - The pilot program was launched on July 31, with the first exchange rate hedging transaction completed by the Bank of Communications Wuwei Branch for a local enterprise [1] - The program has significantly enhanced the efficiency of business operations while helping enterprises mitigate exchange rate risks [1] Group 2: Promotion and Support - The Wuwei Branch has actively organized financial institutions to promote the concept of neutral exchange rate risk through visits and seminars, guiding enterprises to use hedging tools to cope with exchange rate fluctuations [1] - The branch aims to focus on small and micro enterprises, deepening the application of the cross-border financial service platform and integrating pilot policies with regional economic development [1]

会议首先宣读了《关于设立日照市外汇及跨境人民币县域赋能点的通知》，并为日照市首家外汇及跨境 人民币县域赋能点（莒县·中国银行）揭牌。随后，来自外汇局日照市分局、人民银行日照市分行及中 国银行的多位专家，围绕外汇便利化政策、跨境人民币政策、中国银行对私跨境服务及汇率风险中性理 念等内容进行了深入解读和分享，为参会企业提供切实可行的业务指导与风险管理建议。 县域赋能点是省市两级自律机制的延伸，同时也是人民银行日照市分行、外汇局日照市分局在县域选设 的政策传导和优质服务窗口。下一步，人民银行日照市分行、外汇局日照市分局将指导日照市外汇及跨 境人民币自律机制下沉服务，选设更多县域赋能点，并通过县域赋能点机制不断提升县域跨境金融服务 水平，为县域经济高质量发展不断注入新的活力。 为进一步提升县域外汇及跨境人民币业务服务水平，助力县域涉外经济高质量发展，8月1日，由中国人 民银行日照市分行、国家外汇管理局日照市分局、日照市外汇及跨境人民币自律机制联合主办，中国银 行日照分行承办的"汇享县域 双线赋能"—日照市外汇及跨境人民币县域赋能培训会议在莒县成功召 开。会议邀请30余家莒县涉外企业负责人、12家金融机构负责人现场参会 ...

Core Insights - The "免申即享" (No Application Required) policy enhances efficiency and convenience for businesses, allowing them to enjoy policy benefits without the need for active applications [1] - The implementation of the "政务数据共享条例" (Government Data Sharing Regulations) marks a new phase of legal and standardized data sharing, facilitating the rollout of business support policies in Chengdu [1] Group 1: Policy Implementation - Chengdu's Business Bureau has initiated the "免申即享" policy to streamline the process for businesses to access benefits, significantly improving the business environment [1][6] - The policy allows small and medium-sized foreign trade enterprises to receive subsidies for foreign exchange derivatives without submitting any materials, thus reducing administrative burdens [3][5] Group 2: Financial Support and Impact - Since the launch of the foreign exchange risk hedging policy in July 2022, over 360 small and medium-sized foreign trade enterprises have benefited, with support funds exceeding 5.1 million yuan and facilitating over 1 billion USD in foreign exchange derivative transactions [5] - In 2023, the Chengdu Business Bureau has implemented two "免申即享" measures, benefiting over 880 enterprises and disbursing nearly 21 million yuan, with a processing time reduced by approximately three months compared to traditional methods [5] Group 3: Business Operations and Market Focus - The "免申即享" model allows companies to redirect their resources from administrative tasks to core business activities such as customer development and market expansion [5][6] - The policy reflects an upgraded service awareness from relevant departments, showcasing Chengdu's commitment to an enterprise-centered approach in improving the business environment [7] Group 4: Future Recommendations - There is a call for expanding the coverage of the "免申即享" policy and promoting the model of "government data sharing - no material submission required" to further support businesses [7] - Suggestions include targeted support measures for small and medium-sized foreign trade enterprises, such as training on foreign exchange risk management and assistance for cross-border e-commerce market expansion [7]

Core Viewpoint - Chinese enterprises are increasingly expanding into overseas markets, but they face significant financial risks due to global currency fluctuations. The introduction of the "Action Plan" aims to enhance cross-border financial services and promote the concept of currency risk neutrality among businesses [2][3]. Group 1: Currency Risk Management - The recent volatility in the foreign exchange market has made it difficult for companies to predict currency movements, leading to a reluctance to engage in currency hedging [3][4]. - The proportion of foreign trade enterprises in China utilizing foreign exchange hedging has increased from 21.7% in 2021 to 27% in 2024, indicating a growing willingness to manage currency risks [5]. - Companies are increasingly seeking advice from banks on currency risk management, with some banks providing tailored hedging solutions and training to help businesses understand the benefits of hedging [4][6]. Group 2: Cost Considerations - Small and medium-sized enterprises (SMEs) often face pressure from costs associated with currency hedging, which can deter them from utilizing these financial instruments [6]. - The government has initiated measures to reduce the costs of foreign exchange hedging for SMEs, including subsidies for guarantee fees and encouraging banks to offer competitive quotes [6][7]. - A case study of a bearing machinery company illustrates how a bank's policy-backed hedging service allowed the company to convert unused loan amounts into hedging products without incurring additional costs [7]. Group 3: Innovative Financial Solutions - The "Action Plan" emphasizes the need to optimize currency risk management services and improve the capabilities of enterprises to respond to foreign exchange risks [8]. - A new financing scheme developed by a bank allows companies to convert high-cost foreign currency liabilities into lower-cost, controlled-risk RMB liabilities, effectively managing financing costs and risks [8][9]. - This innovative approach includes locking in exchange rates for future payments, thereby mitigating potential risks associated with currency fluctuations and interest rate changes [9].

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Shijiazhuang Branch is actively supporting foreign trade enterprises by providing comprehensive financial services to enhance their international competitiveness and facilitate high-level opening-up in Shijiazhuang [1][2]. Group 1: Financial Support for Enterprises - ICBC Shijiazhuang Branch addresses the challenges of "difficult and expensive financing" faced by manufacturing foreign trade enterprises by diversifying its financial product offerings [2]. - The branch has a long-standing partnership with Hebei Xinhang Pharmaceutical Co., which has become a key supplier of anti-tuberculosis raw materials, achieving a domestic market share of 70% for its main product, Rifampicin [2][3]. - In response to increased overseas market demand, the bank provided a specialized loan of 10 million yuan to support the company's raw material procurement and is expediting a financing credit of 50 million yuan to enhance its international market competitiveness [3]. Group 2: Risk Management and Efficiency - The bank has implemented a "convenience+" policy integration model to improve foreign exchange risk management capabilities and enhance cross-border settlement efficiency, processing international settlements of 1.67 billion USD and cross-border RMB settlements of 4.08 billion yuan by the end of April [4]. - ICBC Shijiazhuang Branch has supported Shijiazhuang Yadong Polyurethane Co., a leading exporter in the polyurethane industry, by providing foreign exchange derivative transactions worth 20 million USD to improve liquidity management [4]. Group 3: Credit and Financing Solutions - The bank has introduced the "Cross-Border Quick Loan" product to assist Hebei Duyang Silk Screen Printing Equipment Co., which faced long payment cycles, by providing a credit line of 3 million yuan based on dynamic analysis of the company's export and collection records [7]. - ICBC Shijiazhuang Branch is actively engaging with small and micro foreign trade enterprises through initiatives like the "Thousand Enterprises and Ten Thousand Households" campaign to enhance communication and financing channels [7].

Group 1: Current Status of Bank Foreign Exchange Hedging Business Digital Transformation - Since the "8·11" exchange rate reform, the flexibility of major foreign currencies against the RMB has significantly increased, leading to a rise in foreign exchange hedging demand from enterprises [2] - The State Administration of Foreign Exchange released a new version of the "Enterprise Exchange Rate Risk Management Guidelines" in August 2024, encouraging enterprises to enhance treasury systems and information management for digital processing of hedging business [2] Group 2: Challenges in Digital Transformation of Bank Foreign Exchange Hedging Business - Data element construction needs further enhancement, particularly in the collection, processing, analysis, and application of data, with a lack of specialized databases to support business development [5] - Predictive exposure hedging requires digital empowerment, as different industries face challenges in identifying various exchange rate risk exposures [6] - The digital models used by banks need to be further enriched and improved to support efficient credit approval and margin payment processes for small and medium-sized enterprises [7] - The foreign exchange market's quoting ability needs to be enhanced, especially for non-standard products, which require high-level service teams and intelligent systems [8] Group 3: Recommendations for Promoting Digital Transformation of Bank Foreign Exchange Hedging Business - Strengthen the data foundation to enhance intelligence, focusing on high-quality specialized datasets to provide comprehensive digital solutions for enterprises [9] - Utilize digital tools to customize foreign exchange hedging products and achieve precise marketing strategies tailored to different types of exchange rate risk exposures [11] - Enhance the support of a professional market-making team, integrating training systems and market analysis capabilities to improve the efficiency of foreign exchange hedging services [12]

Core Viewpoint - The National Financial Supervision Administration has issued a notice to enhance financial services for small and micro enterprises, aiming to stabilize expectations, stimulate vitality, and promote economic recovery through improved financing mechanisms and support for small businesses [1][5]. Group 1: Financial Support for Small and Micro Enterprises - The notice emphasizes the need for financial institutions to deepen support for small and micro enterprises, particularly in sectors like foreign trade, private enterprises, technology, and consumption [2][5]. - Financial institutions are encouraged to innovate credit products tailored to the unique needs of small and micro enterprises, utilizing data such as tax records and account flows to enhance credit offerings [2][4]. Group 2: Risk Management and Control - Banks are establishing comprehensive risk management systems to balance lending and risk control, ensuring that small and micro enterprises can access loans effectively [5][6]. - The implementation of a credit rating system using multi-dimensional data is suggested to better assess the creditworthiness of small enterprises and mitigate potential risks [5][6]. Group 3: Investment and Economic Growth - Financial institutions are urged to prioritize investments in agriculture modernization and rural revitalization, with specific targets for loan allocations to these sectors [3][4]. - Customized services for agricultural enterprises are being developed to ensure adequate funding and support for rural economic growth [3][4]. Group 4: Cross-Border Financial Services - Financial institutions are focusing on enhancing cross-border financial services to support small foreign trade enterprises, including risk management strategies for currency fluctuations [2][6]. - The promotion of cross-border RMB settlement services is highlighted as a means to facilitate international trade and reduce exchange costs for enterprises [2].

Core Viewpoint - The article highlights the increasing exchange rate risks faced by companies engaged in cross-border e-commerce, particularly in emerging markets like Africa, due to significant currency fluctuations and the need for effective hedging strategies [1][2][8]. Group 1: Exchange Rate Risks in Cross-Border E-commerce - Companies are experiencing substantial profit losses due to currency depreciation, with some African currencies dropping over 5% in just a few days, leading to a profit reduction of over 70% for exporters [1][2]. - The traditional USD-centered global trade settlement system is shifting towards a more diversified model involving local currencies, complicating the exchange rate risk landscape for Chinese companies [1][8]. - A significant portion of cross-border e-commerce transactions now involves local currencies, increasing the complexity of exchange rate risks for Chinese exporters [1][8]. Group 2: Hedging Strategies - Companies are adopting forward foreign exchange swap transactions to lock in exchange rates and mitigate risks associated with currency fluctuations [1][6]. - The hedging strategies include locking in exchange rates for local currencies against USD and subsequently against RMB, which helps stabilize profits despite currency volatility [6][8]. - The effectiveness of these hedging strategies is contingent on accurately predicting currency trends, as misjudgments can lead to losses [6][8]. Group 3: Industry Trends and Challenges - The demand for foreign exchange risk management tools is increasing, with over 1.1 trillion USD utilized in foreign exchange derivatives for risk management in the first three quarters of the previous year [17]. - Financial institutions are enhancing their offerings of foreign exchange risk management products, including forward contracts and options, to support companies in managing their exposure [17][18]. - There is a growing recognition among companies of the need for a "neutral" approach to exchange rate risk management, focusing on cost and profit stabilization rather than speculative gains [17][22]. Group 4: Operational Pain Points - Companies face operational challenges in executing foreign exchange transactions due to lengthy processes involving multiple banks, which can take several days and expose them to currency fluctuations [3][6]. - Many companies lack clarity on which foreign exchange hedging tools are suitable for their specific needs, leading to ineffective risk management practices [18][19]. - Financial institutions are working to address these operational pain points by providing tailored solutions and educating companies on effective hedging strategies [18][23].