Core Insights - Shanghai Customs has introduced blockchain and artificial intelligence technologies to streamline the process of modifying and canceling customs declarations, significantly improving efficiency and reducing the time required for these operations [1][2]. Group 1: Technology Implementation - The integration of blockchain and AI allows for dual authentication of related legal entities through IC cards and digital identities, ensuring compliance and security in online operations [2]. - Each document undergoes authenticity verification and full traceability, ensuring that every step of the process is trustworthy and auditable [2]. Group 2: Efficiency Gains - The average time required to modify or cancel a customs declaration at Shanghai ports has been reduced from 1.5 working days to under 6 hours [1]. - Companies can now track the progress of their declaration modifications in real-time, transforming the experience into a "contactless, paperless, and predictable" process [1]. Group 3: Trade Statistics - In the first seven months of this year, Shanghai's goods trade import and export reached 2.55 trillion yuan, representing a 3.4% increase compared to the same period last year [3].

Core Viewpoint - The Shanghai Free Trade Zone (FTZ) has achieved significant progress in trade facilitation and regulatory innovation, with a total import and export value exceeding 900 billion yuan in the first five months of the year, accounting for over 26% of the national FTZ total [1][5]. Group 1: Trade Facilitation Measures - The customs authority has simplified domestic quarantine measures for fruits already processed abroad, resulting in 10,500 fruit shipments utilizing this model for customs clearance [3]. - The "single window" platform has drastically reduced customs clearance time from nearly a day to just one or two hours, benefiting over 700,000 enterprises and saving over 2 billion yuan in trade costs annually [9][7]. - The Shanghai FTZ has implemented 80 pilot measures to align with international high-standard trade rules, leading to significant institutional innovations and advanced experiences [5][4]. Group 2: Data Cross-Border Flow - The Shanghai FTZ has enhanced the freedom of cross-border data flow, establishing data service centers and reducing compliance costs through a negative list for data movement in finance, trade, and shipping [15]. - A financial company in the FTZ has streamlined the encrypted transmission of monthly financial reports to its overseas headquarters, significantly improving efficiency [11]. - Shanghai aims to actively participate in the formulation of international rules and standards for cross-border data flow and data security [17]. Group 3: International Transit and Logistics - The international transit consolidation center in the Shanghai FTZ has rapidly improved its operational efficiency, achieving transit times comparable to international standards within two years [18][19]. - The implementation of a digital platform for the consolidation center has enabled full-process tracking of goods, enhancing operational efficiency [20]. - The Yangshan Port achieved a container throughput of 14.056 million TEUs in the first half of 2025, with international transit and consolidation volumes reaching 2.696 million TEUs, marking a 10.6% year-on-year increase [23].

Core Insights - Customs companies play a crucial role in international trade by assisting businesses and individuals with customs procedures for import and export goods, ensuring smooth clearance of goods across borders [1][2] Challenges Faced by Customs Companies - One major challenge is the complexity of international trade regulations, as different countries have varying laws and customs policies, which are subject to frequent changes. Customs companies need to establish efficient information collection and feedback mechanisms to stay updated on policy changes [1][2] - The rapid advancement of technology presents both challenges and opportunities. Traditional manual customs processes are being replaced by electronic systems, necessitating customs companies to enhance their technical capabilities and invest in modern customs software [1][2] - The increasing complexity of global trade adds to the workload of customs companies, as multinational supply chains involve multiple countries and regions, making the process more cumbersome [2] Solutions and Strategies - To address regulatory challenges, customs companies should focus on training professionals to improve their understanding of regulations and enhance their adaptability [1] - Collaborating closely with logistics companies can optimize supply chain management and improve overall efficiency [2] - Providing value-added services such as consulting, logistics design, and tax planning can enhance competitiveness and attract more clients [2] Future Development Directions - The future of customs companies will emphasize specialization and intelligence, with a focus on deepening expertise in specific areas to meet the demand for high-quality services [2][3] - The application of intelligent technologies like artificial intelligence and blockchain will drive transformation, making customs processes more efficient and transparent [2][3] - Environmental protection and sustainable development will increasingly influence the customs industry, with companies needing to consider the environmental impact of their services [3] Market Opportunities - The ongoing globalization presents customs companies with significant business opportunities as more enterprises seek to expand into international markets [2][3] - By enhancing customer experience and building strong client relationships, customs companies can increase their market share [2][3]