Since the beginning of this year, the Shaanxi Branch of SAFE has always adhered to the concept of "innovation is the first driving force leading development", and in accordance with the unified deployment of the State Administration of Foreign Exchange, the cross-border financial service platform has been regarded as an important starting point for financial and foreign exchange to serve the people and promote the development of small and micro foreign trade enterprises, based on the advantages of technology empowerment and data empowerment. Actively promote the four application scenarios of "export receivables financing", "bank-enterprise financing docking", "export credit insurance policy financing" and "China-Europe Train Chang 'an Financing" in Shaanxi on a pilot basis, and strive to solve the problems of lack of enterprise financing credit and high cost of bank risk control in cross-border trade financing, so as to effectively improve the sense of acquisition and satisfaction of foreign exchange financial services for market subjects within its control.

Revitalize enterprise receivables and strengthen confidence in enterprise operation and development

Repeated financing of export receivables and over-limit financing have always been the focus and difficulty of bank credit risk prevention. The cross-border financial service platform "export receivables financing" application scenario pilot, using blockchain anti-tampering and digital signature technology, establish two mechanisms of end-to-end trusted information exchange and effective verification between banks and enterprises, and real-time interaction between banks, to help banks quickly and accurately complete document review and credit review. Avoid enterprises using export receivables and other documents for repeated financing and over-limit financing, reduce bank credit risks, make banks "dare to lend, willing to lend, can lend", and help foreign trade enterprises to "increase the volume, expand the scope, and reduce the price". The pilot was launched in 2019, and by the end of April 2023, 627 business transactions had been handled, 81 service enterprises had been served, and $492 million in financing had been helped.

We will promote the docking of financing between banks and enterprises and stimulate the development of foreign-related entities

It is difficult for banks to obtain customers and enterprises to grant credit, which are important factors restricting the development of small, medium and micro enterprises. The pilot application scenario of cross-border financial service platform "bank-enterprise financing docking" aims to alleviate the asymmetric problem of bank-enterprise credit supply and financing demand as a breakthrough. Through the independent registration function of cross-border financial service platform, it builds an online "face-to-face" bridge between banks and enterprises, realizes the online processing of financing application, bank credit and quota approval, and improves the financing efficiency of enterprises. Reduce the time cost of paper material application and review, and increase the credit, growth and increment of enterprise financing. The pilot in Shaanxi on March 1, 2023, as of the end of April 2023, has landed 21 business, for the enterprise credit of 175 million US dollars.

We will strengthen support for credit insurance and improve the efficiency of rescue services for enterprises

Export credit insurance is an internationally accepted trade and investment promotion tool that complies with the rules of the World Trade Organization. The State Administration of Foreign Exchange and China Export Credit Insurance Corporation jointly created the application scenario of the cross-border financial service platform "Export Credit Insurance Policy Financing" in response to the export financing demands of foreign trade enterprises. By deepening the cooperation among foreign exchange, insurance, bank and enterprise, we can realize the sharing of information such as insurance policy information, indemnity transfer agreement, buyer limit, underwriting notice and foreign exchange payment, so as to ease the trade background examination problems of banks' export credit insurance policy financing business, give full play to the risk sharing efficiency of export credit insurance policies, and increase enterprise financing credit. The application scenario was piloted in Shaanxi on March 20, 2023, and by the end of April 2023, it had provided $70,000 in financial support for enterprises.

To serve the national opening-up strategy and promote the high-quality development of China-Europe Express trains

Focusing on alleviating the financing problems of enterprises related to the chain of China-Europe Railway Changan, with the strong support of the State Administration of Foreign Exchange, the Shaanxi Branch of SAFE has launched the cross-border financial service platform of China-Europe Railway Changan financing application scenario, and supported the construction of China-Europe Railway Changan digital financial comprehensive service platform through direct connection and data direct connection. Jointly build four functions such as "enterprise operation information query", "asset-light enterprise credit loan", "enterprise manifest financing" and "railway waybill financing", fully explore the advantages of data element resources, guide banks to carry out innovation in specialized financial products and services, and allow more enterprises to enjoy financing convenience. Since the beginning of this year, the second phase of construction has been steadily promoted, and the operation efficiency of the scene has been continuously improved from the aspects of enriching system functions, expanding data scope, and optimizing business processes. This scenario has been on the line since June 2021, and by the end of April 2023, a total of 111 landed businesses, 43 service enterprises, and a financing amount of 5.988 billion yuan have been achieved.

In the next step, the Shaanxi Branch of SAFE will continue to increase the pilot promotion of the cross-border financial service platform, continue to expand the functions of the cross-border financial service platform, give full play to the advantages of the platform in easing the financing difficulties of enterprises, accurately connect the needs of banks and enterprises, innovate foreign exchange management and services, and contribute to the steady and healthy development of Shaanxi's foreign-related economy and the construction of a new pattern of open economy.

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The copyright of this article belongs to the original author, some pictures from the Internet. If there is infringement, please contact the background of this number, we will correct and delete in time.