Core Viewpoint - The Bank of China Shanghai Branch has made significant advancements in offshore international trade business background verification, enhancing efficiency and convenience in cross-border trade operations [1][2] Group 1: Business Innovations - The Bank of China Shanghai Branch has implemented an online cross-border financial service platform that reduces the verification process from 1-2 working days to under 30 minutes [1] - The platform addresses industry pain points such as document traceability and slow bank verification, utilizing technology and data to improve foreign exchange compliance management [1][2] Group 2: Strategic Initiatives - The bank has established a trusted data-sharing mechanism among enterprises, banks, and regulatory authorities to ensure the authenticity of verification results [2] - The transition from traditional paper document review to an online contactless process has significantly enhanced review efficiency [2] - The upgraded risk control system employs intelligent comparison of order flow, cargo flow, and capital flow to accurately identify risks associated with fictitious trade backgrounds [2] Group 3: Future Outlook - The Bank of China Shanghai Branch aims to continue enhancing its cross-border financial services, focusing on innovative applications of the financial service platform to improve customer experience [2] - The bank is committed to contributing to the competitiveness and influence of the Shanghai International Financial Center and promoting high-quality economic development and openness [2]

Core Viewpoint - The Heilongjiang Province's cross-border financial service platform has introduced a new application scenario, "Enterprise Exchange Rate Risk Management Service," aimed at enhancing financial support for the province's real economy [1][2]. Group 1: New Application Scenario - The "Enterprise Exchange Rate Risk Management Service" scenario is designed to assist banks in evaluating enterprise operational risks and foreign exchange derivative trading risks, thereby helping enterprises lower the trading threshold for foreign exchange derivatives [2]. - This new service allows banks to access information on enterprises' foreign exchange transactions and derivative contracts, which serves as a reference for determining the scale of foreign exchange derivative trading [2]. Group 2: Implementation and Support - The provincial foreign exchange bureau has meticulously planned the pilot work for the new scenario, selecting banks with strong risk control capabilities and responsiveness to enterprise needs for participation [4]. - Preparatory work included promoting the service, conducting training for bank staff, and issuing operational manuals to ensure smooth implementation of the new service [4]. - As of now, the cross-border financial service platform has successfully launched seven application scenarios in Heilongjiang, facilitating nearly $1.7 billion in online financing credit for small and micro enterprises [4].