Core Insights - The offshore trading tax exemption policy implemented in Qingdao Free Trade Zone has led to a significant increase in offshore trade volume, with a year-on-year growth of over 70% in the first three quarters of 2025 [1] - The policy has attracted more than 30 new companies to engage in offshore trading, resulting in tax savings exceeding 10 million yuan for businesses [1] - Offshore trade now accounts for over 90% of Qingdao's international balance of payments and approximately 85% of Shandong Province's total [1] Group 1: Policy Impact on Companies - Shandong Port International Trade, one of the first companies to benefit from the tax exemption, reported an offshore trade volume of 11.68 billion yuan in Q2 2025, a 250% increase year-on-year [2] - The company has adjusted its business strategy to focus more on offshore trade, establishing new operational centers in Singapore and Dubai to expand into the Middle East and Africa [2] - The tax exemption is projected to save the company over 15 million yuan in taxes for an estimated annual offshore trade volume of 50 billion yuan, allowing for reinvestment in market expansion and innovation [2] Group 2: Supportive Measures and Financial Innovations - The Qingdao Free Trade Zone has introduced a tiered reward policy for compliant offshore trade businesses and allows the merging of offshore trade turnover with import/export volumes for financing eligibility [3] - A risk compensation fund for bulk commodity trade has been established, collaborating with over 10 financial institutions to enhance credit approval processes, resulting in over 5 billion yuan in new credit for small and medium-sized offshore trade enterprises [3] - The "Self-Trade Loan" policy enables companies engaged solely in offshore trade to qualify for benefits, significantly increasing credit limits for businesses [4] Group 3: Technological Advancements in Trade Verification - The Qingdao Free Trade Zone has developed an innovative offshore international trade verification system called "Offshore Reach," which integrates data from various sectors to enhance transaction verification efficiency [4] - The platform allows for automatic data retrieval and cross-verification, generating immutable electronic verification reports that improve business processing speed [4] - The system has alleviated concerns regarding tax audits post-exemption, providing businesses with greater confidence in market expansion [4] Group 4: Overall Economic Growth and Future Outlook - The 70% growth in the Qingdao Free Trade Zone is attributed to the precise alignment of policy supply with market demand, as well as innovations in regulation and service optimization [6] - The zone aims to continue exploring innovative and integrated reform measures while ensuring risk control, contributing to a vibrant industrial ecosystem [6]