Core Viewpoint - Shenzhen, recognized as the "first city of foreign trade" in China, is actively implementing measures to stabilize foreign trade through financial support from various banking institutions [1][2]. Group 1: Financial Measures - Five banks in Shenzhen, including Bank of China and Industrial and Commercial Bank of China, have launched "financial stability for foreign trade" measures since May 2023 [1][2]. - The "Micro Trade Loan" product, specifically designed for foreign trade enterprises, was introduced by the Export-Import Bank of China Shenzhen Branch in collaboration with other financial institutions [1][2][3]. - The Export-Import Bank is providing low-cost special funds, while WeBank offers automated approval and precise pricing for the loans [2][3]. Group 2: Economic Performance - Shenzhen's foreign trade is projected to reach 4.5 trillion yuan in 2024, marking a 16.4% year-on-year increase, with both imports and exports hitting historical highs [1][2]. - In April 2023, Shenzhen's import and export volume was 404.61 billion yuan, reflecting a 3.8% year-on-year growth [2][6]. - The city has maintained a strong resilience in foreign trade, achieving significant growth despite challenging international trade conditions [2][6]. Group 3: Collaborative Model - The financial support model involves a collaboration among policy banks, digital banks, insurance providers, and government information platforms, creating a comprehensive support system for foreign trade enterprises [2][5]. - The "Micro Trade Loan" aims to address the financing difficulties faced by small and micro foreign trade enterprises, with a focus on reducing financing costs and improving access to funds [3][5]. Group 4: Future Commitments - Shenzhen banks have committed to providing substantial credit support to foreign trade enterprises, with plans to offer at least 1.8 trillion yuan in credit and 180 billion USD in international trade settlement support by 2025 [4][5]. - The local government continues to encourage financial institutions to enhance their support for foreign trade enterprises, aiming to foster high-quality development in this sector [5][6].