Core Points - The State Administration of Foreign Exchange (SAFE) has issued a notice to further facilitate foreign exchange fund settlement to support stable foreign trade [1] - The notice includes measures to expand the scope of high-level open pilot areas for cross-border trade [1] - It aims to optimize foreign exchange fund settlement for foreign trade comprehensive service enterprises [7] Group 1: Expansion of Pilot Areas - The notice supports regions with genuine needs and compliant operating entities to implement high-level open pilot projects for cross-border trade after fulfilling relevant reporting procedures [1] Group 2: Net Settlement Business Types - The pilot areas will allow qualified banks to handle net settlement for various types of transactions, including general trade between domestic and foreign affiliated enterprises, and related costs such as transportation and storage fees [2] Group 3: Simplification for Multinational Corporations - Qualified banks can simplify procedures for multinational corporations regarding centralized fund management and net settlement, provided they meet specific criteria [3] Group 4: Employee Salary Exchange Facilitation - Banks are allowed to directly handle foreign exchange for foreign employees' salaries based on provided documentation, exempting them from submitting additional documents within a specified limit [5] Group 5: Inclusion of New Trade Entities - The notice encourages banks to include compliant cross-border e-commerce platforms and foreign trade service enterprises in the facilitation policies [6] Group 6: Optimization for 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 [7] Group 7: Service Trade Expense Management - Banks can directly handle service-related expense advances for trade after verifying the authenticity and reasonableness of the transactions [8] Group 8: Overseas Fund Management for Engineering Enterprises - Engineering companies operating in multiple countries can establish centralized management accounts for overseas funds after registering with the local foreign exchange bureau [9][10] Group 9: Special Foreign Exchange Business Mechanism - Banks are required to establish a mechanism for handling special foreign exchange business and report to the local foreign exchange bureau for transactions with legitimate backgrounds [11]

Group 1 - Financial institutions are increasing policy support and innovating financial service models to assist foreign trade enterprises in securing orders, expanding markets, and stabilizing customer relationships, thereby providing strong support for stable growth in foreign trade [2] - The Export-Import Bank of China’s Xiamen branch issued a foreign currency shipbuilding prepayment guarantee for Xiamen Xiangyu Co., Ltd., helping the company secure orders for two bulk carriers over 200,000 tons, highlighting the importance of quick guarantee issuance in winning international orders [2] - Several banks, including the Export-Import Bank and Bank of China, have launched special plans to enhance service quality for foreign trade enterprises, focusing on increasing credit input, optimizing resource allocation, and improving service efficiency [2] Group 2 - The Export-Import Bank of China has introduced a special work plan to strengthen financial support in the foreign trade sector, aiming to promote stable growth in foreign trade by leveraging its advantages in overseas markets [3] - The bank plans to support manufacturing enterprises in their high-quality "going out" strategy and will continue to enhance financial support for key areas and weak links in foreign trade, addressing the challenges faced by foreign trade enterprises [3] - In the first five months of this year, the Export-Import Bank has issued loans totaling 460 billion yuan in the foreign trade sector and has issued 47 billion yuan in themed financial bonds related to foreign trade [3] Group 3 - The Deputy Governor of the People's Bank of China emphasized the need for further reforms in trade foreign exchange business management and the implementation of high-level open pilot projects to support trade innovation and development [4] - Financial management departments are encouraged to enhance service proactivity and accelerate product service innovation to meet the diverse needs of foreign trade enterprises, ensuring safe foreign exchange collection and reducing financing and transaction costs [4] - Structural monetary policy tools can provide banks with low-cost funds, increasing their motivation to engage in trade financing activities, thereby supporting stable growth in foreign trade [4]