为有效解决离岸贸易真实性核验难题、促进新型离岸国际贸易健康发展，同时缓解银行展业痛点，国家 外汇管理局上海市分局于6月9日在跨境金融服务平台创新推出"新型离岸国际贸易业务背景核验"应用场 景。江苏银行（600919）上海分行敏锐把握政策机遇，积极运用该场景，于6月18日为临港新片区某企 业高效完成离岸贸易业务背景真实性核验，并同步办理资金收付结算，标志着该行在服务新型离岸贸易 领域迈出关键突破性一步。 首单业务的成功落地，不仅验证了平台核验场景的可靠性与便捷性，更凸显江苏银行上海分行在跨境金 融领域的三大优势，一是科技赋能前瞻布局，依托跨境金融服务平台对接能力，实现系统与平台无缝衔 接；二是专业团队精准把控，由专项工作组提前研究场景规则，制定标准化操作流程；三是服务实体本 源初心，以企业需求为导向，快速响应新型离岸贸易业务痛点，切实提升客户获得感。 未来，江苏银行上海分行将紧跟跨境金融服务平台功能日益完善的步伐，深度挖掘并充分运用各类创新 应用场景，积极践行金融为民的服务理念，进一步提高金融服务实体经济质效，在依法合规、有效控制 实质风险的前提下，加大支持、积极探索，进一步赋能企业探索拓展新型离岸业务模式。 ...

Group 1 - The "BRICS cooperation" aims to uphold its founding purpose, align with the needs of the times, maintain and practice multilateralism, and contribute to global stability and development [1] - China emphasizes the importance of an open world economy, opposing unilateralism and protectionism, and promoting trade and investment liberalization [1][2] - Financial openness is a crucial part of China's external opening, which is essential for achieving high-quality development [1] Group 2 - Recent international trade order and multilateral trade systems have faced significant challenges, but China remains committed to opening up as the world's second-largest economy [2] - The State Administration of Foreign Exchange launched a new offshore international trade business verification application to enhance cross-border financial service convenience [3] - The new application aims to improve the efficiency of cross-border fund settlement for new offshore international trade, supporting the development of the real economy [3][4] Group 3 - The "Belt and Road" initiative has led to practical cooperation results, such as the expansion of the Caspian Sea asphalt plant, which will alleviate Kazakhstan's infrastructure needs [5][6] - Since the initiative's inception in 2013, China has signed over 200 cooperation documents with more than 150 countries, with a 2.2% year-on-year increase in trade with these countries in Q1 [6] Group 4 - Foreign financial institutions are accelerating their presence in China as the economy transitions and the financial market opens [7] - Attracting foreign investment can drive economic growth, job creation, and technological advancement in China [7] - Chinese banks are optimizing financial services to support foreign enterprises in deepening their market presence in China [7]

Core Viewpoint - The new offshore international trade model separates the flow of orders, goods, and funds, posing challenges for banks in verifying the authenticity of such trades. A pilot program for a cross-border financial service platform has been launched in Pudong to address these challenges [1][2]. Group 1: Pilot Program Implementation - The pilot program involves 21 domestic and foreign banks and aims to integrate various data sources to support the verification of offshore trade transactions [1]. - The "Offshore Pass" will connect with the cross-border financial service platform to streamline the verification process, utilizing customs data, shipping data, and other relevant information [1][2]. Group 2: Innovations and Benefits - The pilot program introduces innovations in intelligent verification, allowing banks to cross-check logistics documents from multiple data sources, generating authenticity verification reports automatically [2]. - The program significantly reduces the time required for document verification from 1-2 days to under 30 minutes, facilitating faster cross-border settlements for businesses [2]. Group 3: Industry Growth and Impact - The new offshore international trade sector is developing steadily, with approximately 350 companies operating in the bonded area, contributing to a 61% year-on-year growth in trade settlement volume for 2024 [2]. - The new model accounts for over 60% of the total trade volume in the city, indicating a robust growth trajectory for offshore international trade [2].

Group 1 - The State Administration of Foreign Exchange (SAFE) has launched a pilot program for a new offshore international trade background verification application in Shanghai, aimed at enhancing the efficiency and compliance of offshore trade financing services [1] - The new verification system integrates order flow, goods flow, and capital flow information, providing banks with a secure and efficient data technology support for verifying the authenticity of offshore trade [1] - Traditional offshore trade faced challenges such as lengthy bank verification processes and risks of duplicate financing and false trade, which the new system aims to address through intelligent verification and risk warning mechanisms [1][2] Group 2 - Twenty-one domestic and foreign banks in Shanghai are participating in the pilot program, with Bank of China Shanghai completing business background verifications online, reducing the verification process from 1-2 days to under 30 minutes [2] - The cross-border financial service platform effectively resolves industry pain points related to document traceability and slow bank verification, enhancing foreign exchange compliance management [2] - In recent years, SAFE has encouraged legitimate offshore trade, with significant policy support leading to a 69.2% year-on-year increase in offshore trade business in Shanghai, reaching nearly 100 billion USD in 2024 [3]

Core Viewpoint - The pilot program for the "Cross-Border Financial Services Platform New Offshore International Trade Business Background Verification Application Scenario" was launched in Shanghai, involving 21 domestic and foreign banks, aiming to enhance the verification of trade information through deep data integration [1][2]. Group 1: Pilot Program Implementation - The pilot program allows banks to conduct business operations entirely online, significantly reducing the verification process from 1-2 working days to under 30 minutes, thus facilitating faster cross-border settlements for enterprises [2]. - The "Offshore Pass" integrates various data sources, including customs, shipping, and logistics data, to provide comprehensive support for verifying the authenticity of offshore international trade [1][2]. Group 2: Industry Impact - Since the initiation of the "New International Trade Settlement Center Pilot" in 2010, the offshore international trade in Shanghai's free trade zone has developed steadily, with around 350 companies, including Yihai Kerry and Sony Electronics, engaged in such activities [3]. - The new offshore international trade settlement scale in the free trade zone is expected to grow by approximately 61% year-on-year in 2024, accounting for over 60% of Shanghai's total [3].

Core Insights - The State Administration of Foreign Exchange (SAFE) in Shanghai has launched a new offshore international trade business background verification application to ease the authenticity verification challenges in offshore trade [1] - The application was piloted on June 9, allowing Agricultural Bank of China (ABC) Shanghai Branch to conduct authenticity verification for multiple trading companies in the Lingang New Area [1] - The new application integrates various verification data from customs, international transport, and port operations to provide banks with document verification and risk prevention services [1] Group 1 - The new offshore international trade business background verification application aims to facilitate offshore trade transactions and alleviate the difficulties faced by banks in their operations [1] - The application connects with the Shanghai Free Trade Zone's "Offshore Link" platform, enhancing the verification process through data sharing [1] - The initiative is part of a broader effort to promote high-level openness and convenience in cross-border trade, leveraging technology and data [1] Group 2 - ABC Shanghai Branch has actively utilized the cross-border financial service platform to optimize its services and enhance risk management capabilities [2] - The bank plans to continue leveraging the growing applications and functionalities of the cross-border financial service platform to support enterprises in exploring new offshore business models [2] - This initiative contributes to the high-quality development of Shanghai's foreign-related economy and strengthens China's ability to manage global trade resources [2]

Group 1 - The State Administration of Foreign Exchange is piloting a new offshore international trade business background verification application in Shanghai to enhance the quality of offshore international trade and support banks in their operations [1] - Industrial and Commercial Bank of China (ICBC) Shanghai Branch is one of the first banks to participate in this pilot, successfully processing offshore international trade business background verification for two enterprises on the same day the system went live [1] - The new verification process significantly reduces the time required for transaction documentation and fund transfer, completing the entire process in just 20 minutes, thus improving the efficiency of fund turnover for enterprises [1] Group 2 - The new offshore international trade business background verification scenario helps identify false trade logistics information and prevents duplicate payments, addressing long-standing challenges in offshore international trade audits [2] - The implementation of this function promotes safer, more efficient, and compliant offshore international trade, contributing to the long-term and stable development of the industry [2] - ICBC Shanghai Branch plans to continue enhancing its role as a financial intermediary by focusing on the construction of new offshore international trade scenarios, optimizing processes, simplifying procedures, and reducing costs for enterprises [2]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has launched a new offshore international trade business background verification application scenario, initially piloted in several provinces, aimed at enhancing the authenticity verification of trade backgrounds for banks [1]. Group 1: New Application Scenario - The new application scenario integrates logistics data such as international cargo transportation, overseas port loading and unloading, and customs declaration, providing banks with enhanced capabilities for verifying logistics information and document endorsement [1]. - This initiative addresses the challenges of verifying the authenticity of new offshore international trade, marking an important exploration by SAFE [1]. Group 2: Pilot Implementation - The Bank of China Ningbo Branch successfully completed background verification for two foreign trade enterprises on the same day the pilot was launched, becoming one of the first financial institutions in Ningbo to utilize this new platform [1]. - Since the pilot began, the Bank of China Ningbo Branch has actively engaged in policy training and customer service to promote the new application features [1]. Group 3: Future Development - The Bank of China Ningbo Branch plans to continue leveraging its professional advantages and the innovative applications of the cross-border financial service platform to optimize service processes and expand the pilot program [2]. - The goal is to support the development of new offshore international trade businesses and contribute to high-quality regional economic development and open-up efforts [2].

Core Insights - The State Administration of Foreign Exchange launched a new offshore international trade background verification application scenario on June 9, aimed at enhancing banks' ability to verify the authenticity of offshore trade transactions [1][2] - The new scenario was first piloted in several provinces including Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, and Chongqing, with Ping An Bank being the first to successfully complete a verification process [1][2] - The application utilizes big data and blockchain technologies to streamline the verification process, significantly improving efficiency and reducing operational costs for banks [2] Group 1 - The new offshore international trade verification scenario provides banks with logistics information verification and document endorsement functions, addressing the challenges of authenticity verification in offshore trade [2] - On the first day of the scenario's launch, Ping An Bank's Ningbo branch completed the verification of a shipping bill of lading in just 20 minutes, showcasing a significant improvement in operational efficiency compared to previous methods [1][2] - The scenario allows banks to input logistics information related to offshore trade and receive automatic feedback on bill of lading and air waybill information, enhancing the accuracy and convenience of the verification process [2] Group 2 - The new scenario also includes a function for endorsing logistics documents, enabling banks to track historical endorsements and improve the authenticity review of trade foreign exchange receipts [2] - Ping An Bank plans to leverage the new verification application to provide financial services for more enterprises engaged in offshore international trade, aiming to further enhance trade facilitation levels [3]