Core Insights - Zhangjiagang Rural Commercial Bank has provided trade financing amounting to 410 million RMB since April 1, effectively supporting the development of foreign trade enterprises [1] - The bank has established a special task force to alleviate the financial pressures on foreign trade companies, focusing on stable credit support and innovative financing products [1][2] - The bank promotes export credit insurance to mitigate risks for small and medium-sized foreign trade enterprises, enhancing their confidence in exploring overseas markets [2] - The bank has upgraded its foreign exchange risk hedging services, offering real-time exchange rate information and promoting the use of foreign exchange derivatives to manage currency fluctuations [3] Group 1 - The bank's trade financing support has reached 410 million RMB, aiding foreign trade enterprises [1] - A special task force was created to implement measures that help enterprises stabilize operations and increase order intake [1] - The bank commits to maintaining credit support without withdrawal or pressure on foreign trade enterprises [1] Group 2 - The establishment of an export credit insurance support task force aims to enhance risk management for small and medium-sized enterprises [2] - The bank has facilitated the insurance application process, resulting in 75 enterprises obtaining coverage [2] - The bank promotes a unique trade financing product linked to export credit insurance, providing risk protection and financing support [2] Group 3 - The bank has enhanced its foreign exchange risk management services, providing real-time information and analysis to clients [3] - A total of 558 foreign exchange derivative contracts have been signed with 105 clients, amounting to 1.178 billion USD [3] - The bank continues to focus on high-quality development in foreign trade through collaborative efforts with government and enterprises [3]

Core Viewpoint - Suzhou's foreign trade is thriving, supported by the "Suzhou Intelligent Manufacturing Ten Actions" initiative, which emphasizes high-level open innovation and market expansion. The Bank of China Suzhou Branch plays a crucial role in providing financial support to enhance foreign trade stability and quality [1][9]. Financial Support for Foreign Trade Stability - The Bank of China Suzhou Branch has established a "Stabilizing Foreign Trade" task force and developed a comprehensive action plan with 15 specific measures to strengthen financial supply and optimize trade promotion [1][2]. - In the first four months of this year, the bank issued over 58 billion yuan in financing to local import and export enterprises, demonstrating its commitment to supporting small and micro foreign trade companies [2][3]. Innovative Financial Products and Services - The bank has introduced various financing products such as "Suzhou Trade Loan" and "Cross-border E-commerce Loan" to address the financing challenges faced by small and micro enterprises [2][3]. - The bank has also launched a range of foreign exchange risk management services, including customized hedging products and a "one-stop" foreign exchange risk management service [3]. Support for International Expansion - The bank has facilitated the issuance of over 2 billion yuan in foreign-related guarantees in the first four months of this year, covering 38 countries involved in the Belt and Road Initiative [5][8]. - The bank has successfully assisted a leading equipment manufacturing company in securing a contract in Nicaragua by providing a specialized Spanish performance guarantee [5]. Cross-border Financial Services - The bank has developed a comprehensive cash management service that operates 24/7 across multiple time zones and currencies, enhancing the efficiency of global fund management for enterprises [6][7]. - The bank has actively promoted the use of RMB for cross-border transactions, supporting a company in Malaysia with 70 million yuan in cross-border RMB investment [7][8]. Policy Implementation and Market Response - The bank has effectively responded to the market's demand for high-level cross-border trade facilitation, serving over 500 quality enterprises in the region [8][9]. - In the first four months of this year, the bank provided over 20 billion yuan in cross-border RMB facilitation services to more than 90 quality enterprises [8].

Core Viewpoint - The article emphasizes the role of Suzhou as a key player in China's foreign trade and the proactive measures taken by the Bank of China Suzhou Branch to support foreign trade stability and quality improvement through innovative financial services and products [1][2]. Financial Support Initiatives - The Bank of China Suzhou Branch has established a "Stabilizing Foreign Trade" task force and developed a comprehensive action plan with 15 specific measures to enhance financial support for foreign trade [2]. - From January to April, the bank has provided over 58 billion yuan in various financing to local import and export enterprises, including specialized products like "Zhongyin Foreign Trade Loan" and "Zhongyin Cross-border E-commerce Loan" to address financing challenges for small and micro enterprises [2][3]. Financial Service Quality Enhancement - The bank has set up multiple "Exchange Rate Risk Neutral Demonstration Outlets" to offer customized hedging products and services for foreign trade enterprises [3]. - In the first four months of the year, the bank processed over 77,000 cross-border online transactions amounting to more than 8.4 billion USD, significantly improving the financial service experience for foreign trade companies [3]. Support for International Expansion - The bank has facilitated the issuance of foreign-related guarantees, totaling over 2 billion yuan, to support local enterprises in expanding into international markets [4]. - The bank has also processed nearly 54,000 international settlement transactions for Belt and Road countries, amounting to over 6.3 billion USD from January to April [4]. Cross-border Financial Management - The bank has been a leader in cross-border cash management services, providing customized solutions for multinational companies to optimize their cash flow and reduce financial costs [5][6]. - The bank offers 24/7 comprehensive cash management services across multiple time zones, currencies, and languages, enhancing global fund visibility and control for clients [6]. Promotion of Cross-border Trade Facilitation - The bank has implemented a "local currency first" principle to encourage enterprises to use RMB for cross-border transactions, successfully facilitating 700 million yuan in cross-border RMB investment for a local enterprise [7]. - As a pilot bank for high-level cross-border trade investment policies, the bank has served over 500 high-quality enterprises, leading the region in this initiative [8].