Cross-border trade receipt and payment facilitation has reached a new level. CCB helps enterprises in the Lingang New Area to resume work and productionFly into the homes of ordinary people
“It’s too convenient for us,” said a corporate finance manager in the new area. “This time, the high-level opening of cross-border trade and investment in the new area allows us to ‘lightly pack’ and resume work and production with all our strength.”
The company in this new area is mainly engaged in the production and sales of wind turbine blades. It is responsible for the export sales and raw material import of itself and its six subsidiaries on a daily basis. It often has needs for cross-border trade receipts and payments. In daily communication, the account manager of CCB Lingang New Area Branch is well aware of the needs of the enterprise. As soon as the pilot project of high-level opening of cross-border trade and investment in the new area is launched, he will call the enterprise’s finance department to explain the convenience of the new policy and ask whether need to be done. In the end, under the careful guidance of the Shanghai Branch of the State Administration of Foreign Exchange, the Shanghai Branch of CCB quickly carried out the “quality enterprise” access work following obtaining the pilot qualification, and completed the first order of the pilot business through CCB Lingang New Area Branch. , to provide enterprises with efficient financial services in which foreign exchange receipts and payments under current accounts are handled by instructions. Enterprises do not need to provide documents in advance, which greatly simplifies the settlement process and improves the efficiency of capital use.
It is understood that in the past, when an enterprise handled foreign exchange payments under trade in goods at banks, it was necessary to provide proof materials such as contracts, invoices or customs declarations one by one. Bank review is time-consuming and labor-intensive, and it is not easy. Whether it is during the epidemic or a critical stage for enterprises to resume work and production, enterprises’ needs for the liberalization and facilitation of foreign exchange receipts and payments in cross-border trade have become more urgent. The high-level opening-up pilot policy of the Lingang New Area covers 4 reform measures for current account facilitation and 9 capital account facilitation reform measures. Previously, CCB has taken the lead in handling the business of willing foreign exchange settlement for capital funds, free of foreign exchange settlement and pending payment accounts, to facilitate foreign investment. Domestic use of corporate capital is less account-opening, exempt from document review, and online payment, which effectively reduces the cost of corporate account management and improves the efficiency of capital use.
In order to promote the rapid implementation of high-level opening-up policy dividends for cross-border trade and investment in the Lingang New Area, CCB will actively explore and timely convert the latest policies into practical and effective landing businesses, so as to support and help enterprises to “reduce the burden” in a practical way. Help enterprises resume work and production with cross-border financial services that are benchmarked once morest International. In the future, CCB will also thoroughly implement the new development concept, relying on regional policy advantages, practice pilot reform and innovation, improve the level of financial services, promote the stable recovery of foreign trade and foreign investment, and create a new highland for reform and opening up and strategic economic growth for the Lingang New Area. The extreme strategy plays a positive role.
Correspondent Qian Jiajun Xinmin Evening News reporter Yang Shuo
