This Year, The Whole Nation Promotes Export Earnings And Stores Overseas Management.
Since October 1st last year, pilot projects for the export of foreign income in Beijing, Guangdong (including Shenzhen), Shandong (including Qingdao) and Jiangsu (four cities and municipalities) have achieved initial results.
The State Administration of foreign exchange has announced that goods will be launched throughout the country starting from January 1st this year.
Trade export
For overseas storage, this initiative is expected to improve the efficiency of capital utilization of domestic enterprises, further facilitate trade facilitation, support domestic enterprises to "go out" and balance the flow of capital under trade.
The circular issued by the foreign exchange bureau on the implementation of the management of the export earnings for overseas management indicates that since January 1, 2011, the Interim Measures for the storage of foreign trade in the export of goods trade and its operation procedures have been implemented nationwide.
The main contents of this policy include: first, the registration system of opening accounts for the export earnings of domestic enterprises.
If domestic enterprises meet the requirements of export revenue and have actual demand for payment abroad, and have not violated the regulations on foreign exchange management in the past two years, they may apply to the local foreign exchange bureau. Two, scale management of overseas export earnings of domestic enterprises.
The scale of storage abroad shall be submitted to the local foreign exchange bureau by the domestic enterprises according to the actual demand, and the registration shall be carried out by the foreign exchange bureau. The three is to simplify the business operations such as export verification, networking verification, etc., and implement the enterprise ex post reporting system; four, carry out off-site monitoring of the overseas accounts receipts and payments of domestic enterprises, and carry out on-site verification of abnormal situations.
Foreign exchange bureau official said that the introduction of this policy is to adapt.
market economy
Major measures such as development needs, deepening the reform of the foreign exchange management system and further promoting trade facilitation can not only balance the flow of capital under trade, but also facilitate the cross-border capital operation of domestic enterprises, and support the development and growth of "going out" of domestic enterprises.
Especially for
Cross-border Trade
Enterprises with more frequent receipts and payments can reduce cross border pfer fees and exchange costs of their foreign exchange funds, and help enterprises to participate in higher international market and group management capabilities to improve their efficiency of capital use, reduce the cost of overseas financing, and further enhance their international competitiveness.
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