Core Insights - The introduction of the "New Offshore International Trade Business Background Verification" application by the State Administration of Foreign Exchange aims to address the challenges of verifying the authenticity of offshore trade and promote healthy development in this sector [1][2] - Jiangsu Bank's Shanghai branch successfully completed the first offshore trade background verification on June 18, marking a significant breakthrough in serving the new offshore trade sector [1] Group 1: Application and Functionality - The new application integrates various authoritative third-party data resources, including customs declarations, international shipping bills, and port loading records, to provide a comprehensive digital verification service [1] - Key features include online document verification, transaction redundancy alerts, and electronic document endorsement, creating a digital risk control system that covers the entire business process [1] Group 2: Advantages and Future Plans - The successful implementation of the first transaction highlights Jiangsu Bank's three main advantages in cross-border finance: technological empowerment, a specialized team for precise control, and a customer-centric service approach [2] - The bank plans to continue leveraging the evolving capabilities of the cross-border financial service platform, exploring innovative application scenarios to enhance financial services for the real economy while ensuring compliance and risk control [2]