Core Viewpoint - CITIC Bank has launched its International Business Smart Online Banking 4.0, enhancing digital financial services for enterprises, particularly in cross-border financial services, to support small and medium-sized enterprises during the pandemic [1][2]. Group 1: Product Features - The new online banking platform offers a comprehensive range of services including global account management, cross-border settlement, investment financing, supply chain management, and foreign exchange trading, covering over 100 products in both domestic and foreign currency [1][2]. - The "Cross-Border Cash Management Comprehensive Service Plan" enables Chinese enterprises to manage global account information visually, facilitating quick cross-border fund transfers and small payments [2]. - "Cross-Border Capital Treasure" provides digital services for capital project foreign exchange income and payments, streamlining processes and creating a "green channel" for clients [2]. - The platform offers personalized foreign exchange management solutions and self-service online trading for foreign exchange derivatives, enhancing the timeliness and accuracy of foreign exchange management [2]. Group 2: Customer Experience - The Smart Online Banking features tailored services for different customer segments, providing various versions such as standard and international business versions to enhance personalized service [3]. - It includes flexible foreign exchange services, with intelligent generation of remittance applications and real-time tracking of remittance progress, ensuring quick fund transfers [3]. - The platform supports multiple mainstream browsers and offers a secure login method, enhancing user experience and accessibility [3]. Group 3: Strategic Direction - CITIC Bank's foreign exchange business is characterized by professionalism, speed, and flexibility, focusing on supporting small and medium-sized export enterprises and leading in cross-border e-commerce [4]. - The bank is committed to digital transformation and has established a blockchain forfaiting trading platform recognized by the central bank as an industry platform [4]. - Future plans include continuous exploration of innovations in financial technology, such as artificial intelligence and big data, to provide advanced cross-border financial services [4].

Core Viewpoint - The Chinese government is implementing various measures to support foreign trade enterprises amid ongoing COVID-19 challenges, including increasing credit support, enhancing export credit insurance, and stabilizing the RMB exchange rate [1][6]. Group 1: Trade and Economic Data - From January to April, China's total import and export value reached 125,799 billion yuan, a year-on-year increase of 7.9%. Exports were 69,674 billion yuan, up 10.3%, while imports were 56,125 billion yuan, up 5.0% [1]. - The proportion of imports and exports by private enterprises increased to 48.5%, up 1.4 percentage points from the same period last year [1]. - Trade with countries along the "Belt and Road" saw a growth of 15.4%, with exports increasing by 12.9% and imports by 18.6% [1]. Group 2: Financial Support Measures - The People's Bank of China and the State Administration of Foreign Exchange are promoting policies to facilitate trade foreign exchange receipts and payments for quality enterprises, enhancing the efficiency of RMB usage [2]. - Financial institutions are encouraged to provide various foreign exchange risk management services, including spot, forward, swap, and options to help enterprises hedge against exchange rate risks [3]. - The Zhejiang Banking and Insurance Regulatory Bureau is urging banks to utilize monetary policy tools to increase credit support for foreign trade enterprises, especially small and micro enterprises [4]. Group 3: Export Credit Insurance - Export credit insurance plays a crucial role in stabilizing the confidence and expectations of foreign trade enterprises, with the People's Bank of China emphasizing its importance [7]. - In 2021, the China Export & Credit Insurance Corporation provided financing guarantees amounting to 2,213.3 billion yuan, a growth of 22.5% [7]. - In the first four months of this year, China Export & Credit Insurance Corporation achieved an insured amount of 284.87 billion USD, a year-on-year increase of 13.7% [9]. Group 4: Innovative Financing Solutions - The China Bank in Zhejiang Province developed specialized products for small and micro foreign trade enterprises, including small-amount, multi-frequency, and quick-disbursement loans [4]. - A tailored financing plan of 10 million USD was successfully implemented for a company facing cash flow issues due to the pandemic, showcasing the effectiveness of the "bank-insurance-enterprise" cooperation model [5]. - The introduction of online financing processes has significantly reduced the time required for loan approvals, enhancing service efficiency for enterprises [3][8].