Core Viewpoint - The successful implementation of cross-border financing services by Industrial Bank's Kunming branch, leveraging the State Administration of Foreign Exchange's cross-border financial service platform and China Export & Credit Insurance Corporation's (Sinosure) policy enhancement, addresses the funding challenges faced by small and micro enterprises engaged in foreign trade [1][3]. Group 1: Cross-Border Financing Service - Industrial Bank's Kunming branch facilitated the first cross-border financing transaction for Dali Binchuan TJ Import and Export Co., Ltd., utilizing the cross-border financial service platform and Sinosure's policy enhancement [1][3]. - The company specializes in exporting fresh grapes and citrus fruits, with an annual export volume exceeding 20 million yuan, primarily to Laos and Vietnam [1][3]. - The financing service provided a credit limit of 5 million yuan, which is crucial for the company's expansion into overseas markets [3]. Group 2: Platform Features and Benefits - The cross-border financial service platform was upgraded on July 7, 2025, introducing new functionalities to support small and micro enterprises with annual export volumes under 3 million USD [4]. - The platform allows for online verification of insurance policies and accounts receivable, streamlining the financing process and reducing costs [4]. - The upgraded platform enhances communication between banks and enterprises, effectively lowering the financing threshold for foreign trade companies, particularly small and micro enterprises [4].

Core Viewpoint - The core focus of foreign exchange management is to serve the real economy, with digital technology providing strong support for achieving this goal [1] Group 1: Digital Transformation in Foreign Exchange Management - During the "14th Five-Year Plan" period, the foreign exchange technology department aims to create a "digital foreign exchange management" system, integrating digital construction into all aspects of foreign exchange business to facilitate banking and enterprise operations [1][2] - The department has launched 15 application scenarios, serving over 160,000 enterprises, facilitating financing of over $440 billion and supporting convenient foreign exchange payments exceeding $2.4 trillion [1] Group 2: Enhancing Convenience and Risk Management - The foreign exchange technology department focuses on integrating services to enhance the convenience for banks and enterprises, establishing a one-stop service platform for foreign exchange operations [3] - The department is committed to building a "safe foreign exchange management" system, emphasizing cybersecurity and data protection to ensure stable operation of production systems [3] Group 3: Future Directions - The State Administration of Foreign Exchange plans to explore the construction of a "smart foreign exchange management" system, aiming for a more convenient, open, secure, and intelligent foreign exchange management mechanism [4] - The focus will be on providing intelligent support for deep reforms and high-level openness in the foreign exchange sector, utilizing advanced technologies such as AI and big data to enhance monitoring and decision-making capabilities [4]

Core Insights - Guangxi has been enhancing the convenience of foreign exchange services, optimizing the business environment, and promoting trade and investment facilitation [1][2] - As of the end of September, the total amount of trade settlement and digital services reached 445.29 billion USD, benefiting over 2,000 enterprises [1] - The foreign exchange market in Guangxi showed a positive trend, with foreign-related income and expenditure reaching 527.58 billion USD, a year-on-year increase of 17.67% [2] Group 1 - Guangxi has implemented financial support measures for stable foreign trade growth, including special actions like "Assist Enterprises, Stabilize Foreign Trade" and "Digital Intelligence to Enterprises" [1] - The region has established a cross-border cash supply network, with the scale of Vietnamese Dong cash transport reaching 17 billion VND this year [1] - The "Hui Xiao Er" online and offline service matrix has been optimized, with banks providing financing to 468 enterprises amounting to 38.36 billion RMB [1] Group 2 - Guangxi is actively promoting cross-border financial service platforms, including the "One Platform, Three Markets" and "Trade Finance Link" initiatives [2] - The region has pioneered a unified online registration for enterprise directories, facilitating customs information verification and settlement [2] - The foreign exchange market's total bank settlement and sale volume reached 28.61 billion USD, a slight increase of 2.98% year-on-year, marking a three-year high [2]

Core Insights - The successful completion of an offshore trading transaction by a local company marks the first application of a new offshore international trade background verification scenario in the city [1][2] - The cross-border financial service platform enhances the efficiency of cross-border fund settlement and addresses the challenges of verifying the authenticity of offshore international trade [1][2] Group 1: Offshore International Trade - The new offshore international trade model is characterized by "two ends abroad and cross-border transaction data," which presents verification challenges for banks under traditional models [2] - The cross-border financial service platform introduces a background verification function that creates a digital information-sharing platform involving banks, enterprises, and free trade zones [2] Group 2: Financial Services Efficiency - The platform broadens the sources of trade background information by incorporating data from international cargo transport, overseas port loading and unloading, and customs declarations [2] - Information sharing among banks helps prevent risks of duplicate settlements and financing by enterprises across different banks, addressing the issue of information asymmetry in offshore trade [2] Group 3: Future Developments - The local foreign exchange bureau plans to further promote the application of the cross-border financial service platform and encourage more commercial banks and enterprises to participate [2] - Continuous optimization of the cross-border trade business environment is a key focus for the local authorities [2]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) is focused on alleviating the financing difficulties faced by small and medium-sized foreign trade enterprises through the establishment of a cross-border financial service platform, which has significantly improved financing efficiency and success rates for these enterprises [1][3]. Group 1: Cross-Border Financial Service Platform - The cross-border financial service platform was initiated by SAFE in 2019 to address the financing challenges of small and medium-sized enterprises (SMEs) in foreign trade [3]. - As of February 28, 2022, the platform has completed 230,000 financing transactions, with a total loan amount exceeding $140 billion [1][3]. - The platform has established an information-sharing and end-to-end verification mechanism among government departments, banks, insurance companies, and enterprises [3]. Group 2: Financing Challenges for SMEs - SMEs often face significant barriers in cross-border financing due to their small scale, limited funds, and lack of standardized management and credit information [2]. - Banks are cautious in extending credit to SMEs due to concerns over the authenticity of collateral and the potential for fraudulent financing practices [2]. - The absence of effective channels for verifying the authenticity of collateral makes it difficult for banks to assess the creditworthiness of SMEs [2]. Group 3: Application Scenarios and Innovations - The platform has introduced five financing application scenarios, including export accounts receivable financing and cross-border credit information verification, which enhance the efficiency and success rate of SME financing [3][4]. - Banks have reported a significant increase in their willingness to process financing applications due to reduced financing risks and costs associated with the platform [4]. - Innovative financing products have been developed by banks, such as Ningbo Bank's "Export Micro Loan," which offers online applications and approvals, with a low financing rate of around 2% [5][6]. Group 4: Future Developments - SAFE plans to continue expanding the application scenarios of the platform in 2022, including enhancing the convenience of foreign exchange payments for shipping fees and exploring support for "Belt and Road" related applications [6].

Group 1 - The State Administration of Foreign Exchange (SAFE) Liaoning Branch focuses on supporting the real economy and enhancing cross-border trade and investment facilitation to provide strong financial support for high-quality foreign economic development [1] - In the first half of the year, foreign-related enterprises utilized RMB foreign exchange derivatives to manage exchange rate risks amounting to 3.22 billion USD, with a foreign exchange hedging ratio of 22.3% and 97 new enterprises engaging in exchange rate hedging for the first time [1] - The cross-border financial service platform has seen 7 banks assist 26 enterprises in conducting RMB foreign exchange derivative transactions, with a total signed amount of 130 million USD, improving the efficiency of these transactions [1] Group 2 - The SAFE Liaoning Branch promotes banks to provide foreign exchange settlement and related fund payment services for cross-border e-commerce enterprises, enhancing the convenience of foreign exchange settlements in this new trade format [2] - In the first half of the year, 17 direct export cross-border e-commerce transactions were processed, totaling 31,180 USD [2] - The branch has established 5 demonstration zones for payment services for foreign visitors, with 2,046 bank outlets and 53 authorized currency exchange institutions available to meet various cash exchange needs [2]

Core Viewpoint - The National Foreign Exchange Administration's Laiwu Branch is committed to enhancing foreign exchange financial services for enterprises and individuals, focusing on strategic areas and improving efficiency through various initiatives since 2025 [1] Group 1: Policy Implementation - The Laiwu Branch organized a "Service Team" to conduct in-depth research on foreign trade enterprises, visiting 85 foreign-related entities and resolving 31 practical issues by June 2025 [2] - The branch facilitated trade foreign exchange services for Laiwu Taihe Biochemical Co., Ltd., allowing the company to complete transactions within 5 minutes without needing to visit the bank, thus improving efficiency and reducing costs [2] Group 2: Collaborative Efforts - The Laiwu Branch is enhancing foreign currency exchange services by collaborating with tourism departments to identify suitable locations for service facilities and conducting satisfaction surveys to improve service quality [3] - The establishment of a green channel for foreign exchange services for specific groups, such as foreign nationals and the elderly, has been implemented, with 63 personal foreign exchange service outlets established in the area [3] Group 3: Service Optimization - The optimization of registration management for goods trade foreign exchange is a significant reform, with the Laiwu Branch providing guidance and support to banks to ensure efficient processing of registration business [4] - The first successful registration for a small and micro enterprise was completed on June 1, 2024, demonstrating the effectiveness of the new system in reducing costs and meeting funding needs [4] Group 4: Technological Empowerment - The Laiwu Branch is promoting a cross-border financial service platform to facilitate financing for small and micro enterprises, with $210 million in financing achieved by June 2025 [5] - The electronic tax filing system has significantly reduced the time required for enterprises to process payments, with the business handling time shortened to half an hour [6]

Core Viewpoint - The Laiwu branch of the State Administration of Foreign Exchange (SAFE) emphasizes a "finance for the people" approach, implementing various measures to enhance foreign exchange financial services for enterprises and individuals, thereby creating a favorable environment for economic development [1] Group 1: Policy Implementation and Support - The Laiwu branch has established the "Laiwu Trade and Enterprise Service Team" to conduct in-depth research on foreign trade enterprises, visiting 85 foreign-related entities and resolving 31 practical issues by June 2025 [3] - Laiwu Taihe Biochemical Co., Ltd., a green manufacturing enterprise, has benefited from streamlined foreign exchange processes, allowing for trade foreign exchange transactions to be completed within 5 minutes, significantly improving fund settlement efficiency [3] Group 2: Collaborative Efforts and Service Enhancement - Since 2024, the Laiwu branch has focused on improving foreign currency exchange services by collaborating with tourism departments to identify suitable locations for currency exchange facilities, enhancing service accessibility for tourists and foreign visitors [4] - The branch has established 63 personal foreign exchange service outlets, significantly increasing the convenience for the public and foreign visitors in currency exchange [4] Group 3: Regulatory Reforms and Efficiency Improvements - The optimization of the registration management system for goods trade foreign exchange is a significant reform, with the Laiwu branch actively guiding banks to ensure efficient processing of registration business [5] - The first registration business was successfully completed on June 1, 2024, allowing enterprises to register and open accounts simultaneously, thus reducing operational costs and meeting funding needs promptly [5] Group 4: Technological Empowerment and Financial Services - The SAFE is leveraging technology and data integration to create a cross-border financial service platform, promoting various financing and payment scenarios to facilitate small and medium-sized enterprises [6] - By June 2025, the cross-border platform has assisted enterprises, primarily small and micro businesses, in obtaining financing of $210 million and facilitated tax verification for payments amounting to $79.7395 million [6] Group 5: Streamlined Processes for Enterprises - The implementation of electronic tax filing has significantly reduced the time required for enterprises to process payment requests, with the time for handling payment business reduced to 0.5 hours through automated systems [7]

Group 1 - The Export-Import Bank of Jilin Province focuses on policy-oriented financial functions and supports the development of foreign trade industries in Jilin Province [1] - A loan of 40 million RMB was provided to Jilin Logistics Group to support the construction of the China-Europe Railway Express "Belt and Road" flagship project [1] - Jilin Logistics Group operates the China-Europe Railway Express and has established a new route from Changchun to Moscow [1] Group 2 - The Export-Import Bank of Jilin Province will continue to leverage its role as a policy bank and enhance support for foreign trade enterprises and international logistics companies [2] - The bank aims to improve Jilin Province's level of openness and assist foreign trade enterprises in growing stronger [2]

Core Insights - The forum focused on the dual empowerment of finance and technology to build a strong financial nation and innovation zones [2] - Key challenges in achieving effective interaction between technology and finance were highlighted, particularly the mismatch in financial supply and the varying risk characteristics of tech enterprises at different lifecycle stages [2][3] Financial Institutions and Support - The People's Bank of China emphasized the need to enhance bank credit services, particularly for small and medium-sized tech enterprises, to promote rapid growth in tech loans [3] - A proposal was made to establish a "technology board" in the bond market to support the issuance of technology innovation bonds by financial institutions, tech companies, and equity investment institutions [4] - The Financial Regulatory Bureau is pushing for the establishment of specialized tech finance departments within financial institutions and has set up 2,178 tech branches nationwide [5] Financial Products and Services - The knowledge property pledge loan balance in the banking sector has exceeded 300 billion yuan, reflecting a year-on-year growth of 33.7% [5] - Financial institutions are encouraged to develop specialized financial products that consider the innovation capabilities and intellectual property values of enterprises [5] Insurance and Risk Management - The Financial Regulatory Bureau is optimizing insurance services for tech enterprises, including risk guarantees for major national tech tasks and pilot programs for insurance compensation [6] Foreign Exchange Management - The State Administration of Foreign Exchange is leveraging technology to enhance trade and investment facilitation for tech enterprises, including the use of blockchain for cross-border financial services [7] - Digital technologies are being utilized to streamline processes and improve regulatory efficiency in foreign exchange management [8][10] - The integration of big data and AI is aimed at enhancing the identification and crackdown on foreign exchange violations [9]