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Selector: Guo Hongli   |   Release date:2019/1/7 9:51:48   |   Number of views: 1443

Optimizing the business environment、Facilitate import and export trade for enterprises，The State Administration of Foreign Exchange has issued another major policy。Reporter learned from the website of the State Administration of Foreign Exchange on January 2nd，The foreign exchange bureau will establish a new headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area、Shanghai and Zhejiang Province launch the first batch of pilot projects to facilitate foreign exchange receipts and payments for trade in goods (hereinafter referred to as the pilot)。According to the pilot plan，Prudent management、Banks that operate in compliance with regulations operate in compliance with the law、When an enterprise with good credit handles goods trade business，Implement more convenient measures。

Statement from the relevant person in charge of the Foreign Exchange Administration，For the promotion of all-round development、Multiple levels、A new pattern of comprehensive opening up in a wide range of fields，The pilot policy is to encourage banks and enterprises to operate in compliance with laws and regulations，A useful attempt to explore and establish a positive incentive mechanism，It is expected to effectively shorten the processing time of enterprise-related business，Reduce business costs，Improving the capital utilization efficiency of enterprises。The person in charge also said，Based on the first batch of pilot projects，The Foreign Exchange Administration will track the effects of pilot policies、Summary of pilot experience、Evaluation and Optimization Pilot Plan，Expand the pilot scope in due course。

Pilot enterprises are determined independently by the bank

According to the reporter’s understanding，Eligible pilot banks in pilot areas，Select some enterprises as pilot enterprises independently。“Pilot banks should operate in compliance with regulations、Promote business prudently、Excellent dafabet online betting websitecredit、Have perfect internal control management system and risk prevention and control capabilities。These pilot banks should choose business specifications、Compliance with laws and regulations、Enterprises with good business operations carry out pilot business。” The relevant person in charge of the Foreign Exchange Administration told the reporter of Economic Information Daily，The Foreign Exchange Administration will not determine the specific list of pilot enterprises，Pilot banks can use their understanding of customers，Freely choose the jurisdiction with high integrity、Law-abiding enterprises carry out pilot business，Bank authenticity、Greatly improved autonomy in compliance audits。However，Based on the principle of equal rights and responsibilities，Pilot banks must fulfill their own business risk responsibilities。

The person in charge also said，To prevent pilot risks，The State Administration of Foreign Exchange will also carry out special supervision and management of the pilot business，And establish an irregular spot inspection system as well as an evaluation and exit mechanism。“For failure to perform due diligence obligations、Suspected of assisting enterprises to carry out organized trade、Fake trade and other abnormal transactions，As well as local cross-border capital flows、Banks negatively affected by financial stability，The pilot will be cancelled。"The person in charge said。

Pilot enterprises will welcome four major benefits

According to the pilot plan，Prudent management、A bank that develops business in compliance with regulations，To operate in compliance with the law、When handling business with an enterprise with good credit，More convenient measures can be implemented in the authenticity review of goods trade balances。

First，Further optimization of trade balance and payment document review。According to the current foreign exchange management regulations，When an enterprise handles foreign exchange receipts and payments for trade in goods at a bank，The bank needs to review the customs declaration or contract or invoice。"This pilot，Banks can understand their customers as follows、Understand the business、The "Three Principles of Business Development" for due diligence review are used for pilot enterprises to handle foreign exchange receipts and payments for trade in goods。”That is to say，On the premise dafabet casino mobile appthat the bank can ensure the authenticity of the transaction，Can simplify the document review for pilot enterprises，Handle relevant foreign exchange receipts and payments for them。

Secondly，Foreign exchange income from trade in goods does not need to go through the account to be verified。This pilot further clarifies，Real pilot enterprise、Foreign exchange income from legal trade in goods，You do not need to enter the company’s export income pending verification account，Directly enter the current account foreign exchange settlement account or settle foreign exchange。

AGAIN，Cancel the registration procedures for special remittance refunds such as overdue periods。According to current regulations，Refunds that exceed 180 days (exclusive) or cannot be handled as required due to special circumstances，Enterprises should go to the foreign exchange bureau to register for trade and foreign exchange business。This pilot is clear，Cancel this requirement for pilot enterprises with good credit，The above remittance refund business can be handled directly at the bank。

Finally，Exemption from electronic information verification of import customs declaration when paying foreign exchange。According to current regulations，When an enterprise handles a single transaction of foreign exchange payment for goods trade worth more than 100,000 US dollars (exclusive)，In principle, banks need to verify the corresponding electronic information of import customs declaration。This pilot is clear，On the premise that the bank can confirm that the pilot enterprise’s foreign exchange payment business for trade in goods is genuine and legal，Can be exempted from electronic information verification of import customs declaration。“For enterprises with a large volume of foreign exchange payment business，This move will further shorten the processing time for foreign exchange payment。"The above-mentioned person in charge said。

The scope of the pilot will be expanded in due course

Expressed by the relevant person in charge of the above-mentioned foreign exchange bureau，The pilot policy is to adapt to the new requirements of development，An attempt to optimize the foreign exchange management method for trade in goods。The above measures are expected to effectively shorten the processing time of enterprise-related business，Reduce business costs，Improving the capital utilization efficiency of enterprises。The person in charge also said，Based on the first batch of pilot projects，The Foreign Exchange Administration will track the effects of pilot policies、Summary of pilot experience、Evaluation and Optimization Pilot Plan，Expand the pilot scope in due course。

He further pointed out，On the one hand, the foreign exchange management department explores the establishment of a positive incentive dafabet online betting websitemechanism through pilot policies，On the other hand, it deters criminals by increasing the intensity of crackdowns and notifications on foreign exchange violations，All to guide market entities to operate in compliance，This is to implement the requirements of the State Council to deepen the reform of “delegation, regulation and service”，Also intended to create a good business environment。

State Administration of Foreign Exchange spokesperson previously stated，The foreign exchange management department will speed up the reform of key areas and key links of foreign exchange management，Adopt comprehensive measures to maintain the stability of the foreign exchange market。First, continue to deepen reforms in key areas，Implement broader and higher-level trade and investment liberalization and facilitation policies。The second is to maintain the intensity of crackdown on illegal foreign exchange activities，Also ensure that true and compliant cross-border trade and investment are not affected。The third is to improve the two-in-one management framework of “macro-prudential + micro-supervision”，Building a macro-prudential management system for cross-border capital flows，Countercyclical adjustment of short-term fluctuations in the foreign exchange market，Maintaining the security of the financial system and the balance of international payments;Improving the micro-regulatory framework of the foreign exchange market，Maintaining order in the foreign exchange market。

  Source: Economic Reference Network