China News Service, May 20, according to the website of the State Administration of Foreign Exchange, in order to better support the development of new trade formats, promote the quality and efficiency of foreign trade, do a solid job of "six stability" and fully implement the "six guarantees" task The State Administration of Foreign Exchange issued the “Notice of the State Administration of Foreign Exchange on Supporting the Development of New Trade Formats” (hereinafter referred to as the “Notice”) to facilitate the handling of relevant foreign exchange businesses.
The main contents of the "Notice" include: First, broaden the settlement channels for new trade formats. Support qualified banks to conduct foreign exchange business based on transaction electronic information. The second is to facilitate the settlement of cross-border e-commerce export business funds. Cross-border e-commerce can settle the costs of overseas warehousing, logistics, taxation, etc. against the export payment. The third is to optimize the cross-border substitution of cross-border e-commerce related taxes and fees. Enterprises can provide advancement of warehousing, logistics, taxes, etc. for customers across borders. The fourth is to meet individual foreign trade settlement needs. Individuals can handle foreign exchange settlement under cross-border e-commerce and market purchase trade through foreign exchange accounts. Fifth, improve the settlement of market procurement trade funds. Subjects registered by the market procurement trading platform, the bank can use the platform information to handle the collection and settlement of foreign exchange entrusted by a third party. Sixth, support foreign trade comprehensive service enterprises to charge for export collection. A comprehensive foreign trade service enterprise that meets the technical requirements can handle the export foreign exchange collection procedures for the clients it serves through a bank that has the ability to verify transaction electronic information. Seventh, it is convenient for enterprises to handle foreign exchange business remotely. Enterprises can be directly connected to the foreign exchange bureau system to realize more foreign exchange business online. The eighth is to optimize the declaration of foreign receipts and payments for small transactions. Support enterprises to collect and declare small amounts of foreign-related receipts and expenditures in their own name to meet their export tax rebate and financing declaration needs. Nine is to keep track of the innovative development of new trade formats. In accordance with the principles of "serving entities, facilitating opening up, leaving traces of transactions, and controlling risks", we proactively responded to new demands of foreign exchange businesses of market entities. In addition, the SAFE will strengthen supervision after the event, and guide banks and payment institutions to improve internal control and strengthen risk prevention.
The "Notice" shall be implemented as of the date of promulgation.