Core Insights - The State Administration of Foreign Exchange (SAFE) issued a notification on October 29, 2025, to optimize foreign exchange fund settlement for foreign trade service enterprises, allowing banks to process cross-border foreign exchange settlements based on electronic transaction information provided by these enterprises [1][3] - A foreign trade service company, established in 2022, integrates digital tools with traditional trade services to create a comprehensive cross-border e-commerce digital service platform, supporting numerous small and medium-sized cross-border e-commerce businesses [1][3] Group 1 - The notification aims to facilitate foreign exchange fund settlement for foreign trade service enterprises, enhancing the efficiency of cross-border transactions [1][3] - The Guangdong branch of SAFE quickly implemented the policy, successfully processing the first foreign exchange settlement based on electronic transaction information [1][3] - The foreign trade service company has previously benefited from simplified documentation processes, but still faced challenges in preparing customs declarations for audits, impacting efficiency [1][3] Group 2 - Banks can establish risk control systems to automate the review of electronic transaction information, significantly reducing the time and increasing the efficiency of foreign exchange fund settlements [2][4] - Recently, China Merchants Bank's Guangzhou branch processed 18,000 electronic transactions for 49 small and micro businesses in under 2 minutes, improving settlement efficiency by 60% [2][4] - The Guangdong branch of SAFE plans to enhance policy promotion and support more quality foreign trade service enterprises in utilizing electronic transaction information for efficient foreign exchange settlements [2][4]