跨境贸易数字化

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计算机行业:贸易政策目标推动跨境支付行业发展
GUOTAI HAITONG SECURITIES· 2025-04-23 09:45
Investment Rating - The report assigns an "Overweight" rating for the cross-border payment industry [1][10]. Core Insights - The People's Bank of China and other departments aim to enhance the functionality and global coverage of the Cross-Border Interbank Payment System (CIPS), which is expected to open new growth opportunities for the cross-border payment industry [3][4]. - The implementation of high-level opening-up strategies through free trade zones is anticipated to increase demand for cross-border payment services, thereby supporting the industry's overall growth [4]. - The digital transformation and application of advanced technologies such as blockchain and big data are driving the upgrade of the cross-border payment system, indicating an irreversible trend towards digitalization in cross-border settlements [4]. Summary by Sections Policy Support - The report highlights that the enhancement of CIPS and the promotion of free trade zones will require the collaborative development of the cross-border clearing industry, with innovation being crucial for achieving policy goals [4]. - The demand from export enterprises and the government for cross-border payment services is expected to increase, providing better growth opportunities for related companies [4]. Recommended Stocks - The report recommends the following stocks: Yuxin Technology, Jingbeifang, Newland, Xinguodu, and Lakala as primary beneficiaries, while Changliang Technology, Sifang Jichuang, Baoshui Technology, Ruimaotong, and Anshuo Information are identified as secondary beneficiaries [4][5]. Financial Projections - The report provides earnings per share (EPS) forecasts for 2024A, 2025E, and 2026E for the recommended stocks, indicating a positive outlook for their financial performance [5].
国泰海通:贸易政策目标推动跨境支付行业发展
智通财经网· 2025-04-23 06:56
智通财经APP获悉,国泰海通发布研报称,央行等四部门方案提出提升人民币跨境支付系统(CIPS)功能 和全球网络覆盖,推动更多银行加入CIPS。另外,国务院部署实施自由贸易试验区提升战略,推进高 水平对外开放。政策导向有望支撑跨境支付行业打开新的增长空间。无论是推动CIPS功能提升和范围 扩容,还是通过自由贸易区试点推进高水平对外开放,都需要跨境清算行业的协同发展,企业的创新创 造能力对政策目标的实现至关重要。多维政策目标有利于共同打开跨境清算企业需求空间,支持相关企 业上下游转型升级,推升跨境支付行业整体景气度。 国泰海通主要观点如下: 央行等部门方案推动提升人民币跨境支付系统(CIPS)功能和全球网络覆盖 中共中央和国务院加快实施自由贸易试验区提升战略,推动自贸区建设 探索建设高水平自由贸易试验区,实现开放型经济质量全面提升,必然伴随着人民币本币结算比重的不 断提高,让人民币在自贸试验区发挥贸易和投融资的作用。这其中离不开跨境支付企业的业务支持,自 贸试验区进出口贸易对跨境支付企业的需求提升,推动行业内业务升级以适应不同贸易类型的结算需 求,激发行业发展活力。 数字化转型以及前沿科技助力跨境支付体系升级 C ...