Cross Border E-Commerce Achievements In New Ways Of International Trade

The concept of building the world electronic trading platform (eWTP) was written into the summit announcement at the G20 Hangzhou summit this year.

This week, China's Construction Bank (5.330, -0.02, -0.37%) cross border e-commerce financial center was formally established in the first cross border electricity supplier comprehensive test area in Hangzhou to host the "Chao Qian Tang global cross-border electricity supplier summit".

Since the 2008 financial crisis, the global economic growth has been weak,

Sluggish.

Correspondingly, the vigorous rise of the new economy represented by the Internet, especially the new format of the Internet + foreign trade, has become a new trend in the development of international trade.

Long Yongtu pointed out that the new changes brought by cross-border electricity providers to the global trade pattern are reflected in four aspects: first, the pformation from Global trade as the main body to Global trade and multinational enterprises and small and medium-sized enterprises to dominate global Pratt & Whitney trade; second, from the importing side, the global trade began to pform to win-win cooperation between buyers and sellers, importers and exporters; third, from the rules system of Global trade to the symbiosis and integration of traditional trade and cross-border electricity supplier rules system; fourth, China gradually changed from international trade rules learners and executors to international rules, especially the enablers and leaders of the formulation of cross-border electricity supplier rules.

Tong Guili, deputy head of the leading group of cross border e-commerce comprehensive experimentation area and director of the office of the Hangzhou office, said that cross-border e-commerce will become a new way of international trade. It has three new characteristics: the flat trade chain, the precision of big data and the globalization of supply chain.

Tong Guili believes that the digital economy and the real economy are not antagonistic. The digital economy is the digital industrial economy and the agricultural economy. The digital economy is the real economy, and the two economies should be coordinated development.

Chen Yu, PingPong cross-border financial CEO, said in an interview with reporters that eWTP is an ecological concept and advocates a fair and efficient environment. The most beneficial ones are not super enterprises, but thirty million small and medium-sized enterprises in China.

"Finance is the intermediate link of eWTP. As a basic service facility of a big ecosystem, it is more efficient, cheaper and safer."

Chen Yu told reporters that when Chinese sellers collect money through overseas platforms, the cost can be as high as 3% to 8%. As a retail industry, the cost of individual links can be described as sky high.

Chen Yu believes that although there are difficulties in cross-border settlement, the high cost is not reasonable, and the export industry needs new changes.

"At present, cross border electronic trade also has difficulties in taxation," Chen Yu added. "The supporting financial system of electric business in China is relatively mature, but there still exist faults in cross-border trade.

The EU, the United States and other regions of the cross-border electronic commerce tax policy is not clear, and foreign companies localization in China, Chinese companies overseas localization and so on has been barriers, development is still lagging behind.

Since 2012, the five major lines of trade between workers and peasants have begun to set foot in the field of electricity providers, and have launched the banking business platform one by one.

China Construction Bank has launched "cross-border e+" series of financial products. Through direct connection with the "single window", it has provided financial services such as payment and settlement, trade financing, capital pactions, revenue and expenditure declaration, account management for various cross-border e-commerce models such as B2B and B2C.

Deputy general manager, international business department, China Construction Bank

In an interview with reporters, "enterprises that have established business relations with banks can apply for financing online, identify the authenticity of their business from the information displayed in a single window, and do not need to provide any paper information."

Sun Jianbo added, "relying on

And big data means, when data volume is accumulated enough, enterprise loans do not need to rely on third party guarantees or assets collateral. They can directly score credit scores through big data, and dynamically manage the amount of financing according to their past trading volume, combined with relevant records such as tax and customs data, so as to achieve online self loan and enhance efficiency.

In addition, the financing cost of enterprises will be greatly reduced by evaluating historical data.

In the online loan link, mortgage, registration, assessment, and third party guarantees will all incur expenses. Credit data can be used as a reference to reduce loan costs.

Information symmetry and traceability reduce the operating cost of banks, so the service price has also been reduced, which is a win-win for banks and enterprises.

At the same time, trade financing is more frequent than general financing, and has more advantages than the financing cost of ordinary SMEs.

As the Internet constantly changes the way of communication between people, all information sharing is becoming digitalized.

If we want to achieve a successful digital economy, the premise is that we must have a large number of real and effective "digital identity" as the basis.

UBS believes that "digital identity" will become a vital element in the future economic structure.

If no market participants actively establish identity recognition and attribute authentication on the network, then realize.

It will become an armchair strategist.

At the summit, Tong Guili stressed that credit is wealth. It should be managed through the credit system to classify and analyze various credit data gathered by big data.

At present, Hangzhou has established commodity theme storehouse and credit theme storehouse.

With the support of the credit database, combined with the credit certification of the regulatory authorities and the evaluation of the third party credit services, we can conduct some analysis and modeling on some credit data of enterprises, including the qualification, operation and management, external environment, historical credit records, financial status of enterprises, and business pactions.

"To gather, analyze and model these data, and build a credit rating index system, it can provide feedback to regulatory authorities, financial departments and financial institutions, and provide reference for government regulation and market innovation.

Tong Guili said.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.