Shenzhen trade facilitation and pushing new measures: Cancellation of pilot enterprises' income and expenditure scale restrictions

On June 24, the State Administration of Foreign Exchange issued a notice on the printing and issuing the "Guidance Opinions of the Shenzhen Branch of the State Administration of Foreign Exchange on the Pilot of the Pilot of the Convenience of the Foreign Exchange and Exchange of High -quality Enterprises (2022 Edition)" (hereinafter referred to as "Guidance Opinions" "), A total of 5 chapters and 24 items.

"Daily Economic News" reporter learned that compared with previous pilot policies, the content of this adjustment is mainly reflected in "one cancellation, relaxation, and one expansion." At the same time, the "Guidance" also reiterated specific measures in pilot bank business filing, convenience measures, and business management.

Pilot enterprises do not set up revenue and expenditure requirements

Since the State Administration of Foreign Exchange, since November 2018 became the first batch of pilot sub -bureaus, it has actively promoted the implementation of pilot policies.

In March 2019, the pilot business of the trade facilitation of goods was launched. The first batch of 5 banks and 12 companies participated in the pilot; the pilot scope of June 2020 expanded to the "transportation services" and "travel" items of service trade. Under the entire service trade item.

As of the end of May 2022, the pilot of the facilitation of cargo trade covered 6 banks and 64 companies, with a cumulative revenue and expenditure of US $ 44.33 billion; the pilot of the service trade facilitation pilot of 5 banks and 17 companies participated, with a cumulative revenue and expenditure of US $ 14.97 billion.

Recently, the Shenzhen Foreign Exchange Bureau revised and improved the guidance of the original trade foreign exchange revenue and expenditure pilot business. Compared with the previous pilot policies, the content of this adjustment is mainly reflected in "one cancellation, two relaxation, and one expansion". Specifically:

The "one cancellation" is to cancel the limit of 10 million US dollars in the revenue and expenditure scale of the application of the service trade pilot enterprise, and the pilot enterprises that apply for goods trade and service trade will not have the requirements for the scale of income and expenditure.

"Two relaxation" is to relax the requirements of the pilot bank assessment level and the requirements of the cooperation of pilot enterprises and pilot banks at the same time. Specifically refers to the requirements of the bank's foreign exchange business compliance and prudent business evaluation level in the past three years. The time requirements for enterprises to continue to handle the frequent project foreign exchange revenue and expenditure business from pilot banks are relaxed from three years to more than two years.

"One expansion" is the scope of business applicable to expand the policy, and incorporates the initial revenue and secondary income of the service trade item into the pilot.

Enterprise capital flow accelerates

The pilot bank can implement the following convenient measures for the bank's pilot enterprise on the basis of ensuring that the transaction is authentic and legal and in line with reasonable and logical.

1. Optimize document audit. According to the principles of "understanding customers", "understanding business", and "due diligence" principles for pilot enterprises to handle cargo trade/service trade foreign exchange revenue and expenditure business. For business with unclear funding nature, banks should ask enterprises to provide relevant documents. For a single equivalent of more than $ 50,000 or more, the foreign exchange expenditure of more than $ 50,000 can be verified the "Tax Package Form for Foreign Services and other projects such as service trade and other."

2. Special refund business such as the overdue term of goods trade is exempted from registration in advance. A single -equal value of more than 50,000 US dollars is separated from the original collection and payment date of 180 days (excluding) or more or more or more or not refund the foreign exchange business due to special circumstances. The foreign exchange bureau goes through the registration procedures.

Third, the goods trade is exempted from the application procedures for the import declaration form. If the bank can confirm that the cargo trade payment business of the pilot enterprise is true and legal, it can be exempted from the procedures for the import declaration electronic information verification.

Fourth, the agency pads or allocation occurred between domestic and foreign institutions under the service trade items, or the replacement or allocation business of over 12 months, or the pilot bank will be checked after reviewing authenticity and rationality.

Fifth, other trade foreign exchange revenue and expenditure measures filed by the Shenzhen Branch Bureau.

It is worth mentioning that the Shenzhen Branch conducts regular evaluation of pilot banks on a regular basis. The qualified banks can continue to carry out pilot business. After evaluating unqualified banks, the Shenzhen Branch shall promptly inform the relevant banks to evaluate the reasons for unqualified, and the pilot bank should rectify within 3 months. According to Article 10 of the Guidance Opinions, except for the pilot qualifications shall be canceled, rectification and rectification should be rectified. Pilot banks cannot add pilot enterprises during the period. If the rectification does not meet the access standards, the Shenzhen Branch shall notify the pilot bank in writing to cancel its pilot qualification.

The Bank of China Shenzhen Branch said that since the pilot of the bank's business, the average time of the banking business has been shortened to one -third of the original. The improvement of settlement efficiency has accelerated the speed of corporate funds and helps the real economy release efficiency.

Ping An Bank Shenzhen Branch stated that the bank promotes the bank's active use of scientific and technological power to achieve the online and online operation of the exhibition industry and the business processing.

Daily Economic News

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