Opinions Of The General Office Of The State Council On Further Stabilizing Foreign Trade And Foreign Investment

To the people's governments of all provinces, autonomous regions and municipalities directly under the central government, all ministries and commissions under the State Council and organs directly under the State Council:

At present, the international epidemic continues to spread, the world economy is in serious recession, and China's foreign trade and foreign investment are facing a complex and severe situation. In order to thoroughly implement the spirit of General Secretary Xi Jinping's important instructions on stabilizing the basic market of foreign trade and foreign investment, implement the decision-making and deployment of the Party Central Committee and the State Council, do a good job in the "six stability" work, implement the "six guarantees" task, further strengthen the work of stabilizing foreign trade and foreign investment, stabilize the main body of foreign trade and stabilize the supply chain of industrial chain, with the consent of the State Council, the following opinions are put forward:

1 We should give better play to the role of export credit insurance. Under the premise of controllable risk, China export credit insurance company actively protects the risk of order cancellation before shipment. Before the end of 2020, China export credit insurance company may reasonably change the payment period of short-term insurance or extend the grace period of payment and the period of reporting loss according to the application of foreign trade enterprises. (the Ministry of finance, the Ministry of Commerce, the CIRC and the China export and Credit Insurance Corporation shall be responsible according to the division of responsibilities)

2、 Support conditional local replication or expansion of the "SINOSURE + guarantee" financing mode. Local governments should be encouraged to support government financing guarantee institutions to participate in risk sharing, guarantee the loan principal in a certain proportion other than the compensation amount of export credit insurance, and commercial banks should reasonably determine the loan interest rate under the condition of "credit insurance + guarantee". (all local people's governments, the Ministry of finance, the Ministry of Commerce, the CIRC and the China export and Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

3、 Provide credit enhancement support for foreign trade enterprises in various ways. We should give full play to the role of national financing guarantee fund and local government financing guarantee institutions, participate in the financing risk sharing in the field of foreign trade, support and guide various financial institutions to increase financing support for small and micro foreign trade enterprises. The Ministry of Finance and the people's Bank of China are responsible for the division of responsibilities Banking institutions are encouraged to cooperate with foreign trade service platforms with good qualifications in combination with internal risk management requirements, obtain trade-related information and credit evaluation services, optimize the authenticity audit of trade background, and better serve foreign trade enterprises. (all local people's governments, the Ministry of Commerce and the China Banking and Insurance Regulatory Commission shall be responsible according to the division of responsibilities)

4、 We will further expand export credit to small and medium-sized foreign trade enterprises. We should give better play to the role of financial support, further increase the credit supply to small and medium-sized foreign trade enterprises, and ease the problems of financing difficulties and high financing costs. (all local people's governments, the Ministry of finance, the Ministry of Commerce, the people's Bank of China, the China Banking and Insurance Regulatory Commission and the Export Import Bank of China shall be responsible according to their respective responsibilities.)

5、 Support the development of new trade formats. As soon as possible, we will promote the establishment of a new batch of market procurement trade mode pilot projects in places where conditions permit, and strive to expand the total number of pilot projects to about 30, so as to drive the export of small and medium-sized enterprises. (under the leadership of the Ministry of Commerce, the local people's governments, the development and Reform Commission, the Ministry of finance, the General Administration of customs, the State Administration of Taxation, the State Administration of market supervision and the administration of foreign exchange shall be responsible according to the division of responsibilities.) Make full use of existing channels such as special funds for foreign trade and economic development and guidance fund for innovation and development of service trade to support cross-border e-commerce platform, cross-border logistics development and overseas warehouse construction. Financial institutions such as the export import bank and China Export Credit Insurance Corporation are encouraged to actively support the construction of overseas warehouses under the premise of controllable risks. (under the leadership of the Ministry of Commerce, the Ministry of finance, the China Banking and Insurance Regulatory Commission, the export import bank and the China Export Credit Insurance Corporation shall be responsible for the division of responsibilities.) We will thoroughly implement the administrative measures for tax rebates on behalf of foreign trade comprehensive service enterprises, continuously optimize tax rebate services, and continue to accelerate the progress of tax rebate. We should strengthen the Credit Cultivation of foreign trade comprehensive service enterprises, so that more foreign trade comprehensive service enterprises that meet the certification standards can become the customs "certified operators" (AEO). (the Ministry of Commerce, the General Administration of customs and the State Administration of Taxation shall be responsible according to the division of responsibilities)

6、 Guide the gradient transfer of processing trade. Local funds should be encouraged to transfer, and local funds should be encouraged. We will cultivate a number of processing trade industrial parks jointly built by the eastern, central, Western and northeast regions. With the help of China processing trade products Expo and other platforms, we will improve the industrial transfer docking mechanism. We should encourage the central and western regions and the northeast to give full play to their advantages and undertake labor-intensive foreign trade industries. (all local people's governments, the Ministry of Finance and the Ministry of Commerce shall be responsible according to the division of responsibilities)

7、 We will increase support for labor-intensive enterprises. For export enterprises of labor-intensive products such as textiles, clothing, furniture, shoes and boots, plastic products, bags, toys, stones, agricultural products, consumer electronics and other labor-intensive products export enterprises, we will further increase support on the basis of implementing various inclusive policies, such as tax reduction and fee reduction, export credit, export credit insurance, stable employment, electricity and water use. （ All local people's governments, the national development and Reform Commission, the Ministry of industry and information technology, the Ministry of finance, the Ministry of human resources and social security, the Ministry of Commerce, the people's Bank of China, the State Administration of Taxation, the banking and Insurance Regulatory Commission, the export import bank of China and China Export Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

8、 Help large backbone foreign trade enterprises solve problems. We will study and determine the list of large-scale backbone foreign trade enterprises, sort out the needs of large-scale backbone foreign trade enterprises and their core supporting enterprises, establish a problem approval system, promote the solution of contradictions encountered in production and operation, support all aspects of import and export, and provide good services with "one enterprise, one policy". Under the premise of controllable risk, this paper studies the supporting measures for large-scale backbone foreign trade enterprises to further accelerate the progress of export tax rebate. (under the leadership of the Ministry of Commerce, the Ministry of industry and information technology, the General Administration of customs, the State Administration of Taxation, the Export Import Bank of China and the China Export Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

9、 Expand online channels for foreign trade. Promote "online one country, one exhibition", support and encourage capable and willing local governments and key industry associations to hold online exhibitions. We should make good use of the special funds for foreign trade and economic development, support small and medium-sized foreign trade enterprises to develop markets and participate in online and offline exhibitions within the prescribed scope. We should give full play to the role of domestic business associations, overseas institutions and overseas Chinese funded enterprise associations, actively connect with foreign trade associations in China, and help export enterprises connect with more overseas buyers. (all local people's governments, the Ministry of foreign affairs, the Ministry of industry and information technology, the Ministry of Finance and the Ministry of Commerce shall be responsible for the division of responsibilities

10、 Further improve the level of customs clearance facilitation. We will continue to optimize the business environment at ports, continue to consolidate the effect of reducing the overall customs clearance time of goods, further promote the standardization and reduction of compliance costs in the import and export links, promote the "one-stop sunshine price" of port charges at conditional ports, and improve the transparency and comparability of port charges. We will provide more consultation services on technical and trade measures to export enterprises and help them develop overseas markets. We will expand market access for oil, oil, meat and dairy products, promote imports, and ensure market supply. (in charge of the General Administration of Customs)

11、 Improve the convenience of foreign business personnel in China. On the premise of strictly implementing the epidemic prevention requirements, we will continue to negotiate with relevant countries to establish "fast track" to facilitate the exchange of personnel in important business, logistics, production and technical services of foreign-funded enterprises. We will continue to implement the "fast track" for qualified foreigners who come to China to resume work and resume production. With reference to the relevant practice of "fast track" and the principle of "putting epidemic prevention first, ensuring necessity, compacting responsibilities and embodying convenience", convenience arrangements are made for foreigners who come to China to engage in necessary economic, trade, scientific and technological activities. We will support local governments in opening exclusive channels to facilitate foreign investors to enter the market and give priority to foreign businessmen stationed in China to return to China and enter the market as soon as possible. On the premise of doing a good job in the prevention and control of the epidemic situation, China and foreign personnel exchanges will be gradually and orderly resumed. According to the deployment of the joint prevention and control mechanism of the State Council, the total number of international passenger flights will be increased in phases. Under the condition of complete epidemic prevention certificates, the number of civil aviation flights with China's major investment sources will be appropriately increased to facilitate foreign business personnel to come to China. (all local people's governments, the Ministry of foreign affairs, the national development and Reform Commission, the Ministry of Commerce, the immigration administration and the Civil Aviation Administration shall be responsible according to their respective responsibilities.)

12、 Give financial support to key foreign-funded enterprises. Foreign funded enterprises are equally applicable to the existing 1.5 trillion yuan special line for refinancing and rediscount. We will increase financial support for key foreign-funded enterprises. The new loan scale of RMB 570 billion from the export import bank can be used to actively support key foreign-funded enterprises that meet the requirements. The competent commercial departments of all provinces, autonomous regions and cities shall find out the financing needs and operation conditions of key foreign-funded enterprises within their jurisdiction, timely share the information of key foreign-funded enterprises with banking financial institutions, strengthen the cooperation between foreign-funded enterprise associations and other institutions and banking financial institutions, promote the development of "bank enterprise docking", and actively guarantee the financing needs of key foreign-funded enterprises in accordance with the principle of marketization. (all local people's governments, the people's Bank of China, the Ministry of Commerce, the China Banking and Insurance Regulatory Commission and the Export Import Bank of China shall be responsible according to their respective responsibilities.)

13、 We will increase support services for key foreign funded projects. We will sort out and form a list of key foreign-funded projects with an investment of more than 100 million US dollars in the whole country. In the early stage, under construction and production, domestic and foreign investment will be treated equally, and service guarantee in the aspects of sea use, land use, energy consumption and environmental protection will be strengthened. (all local people's governments, the Ministry of Commerce, the development and Reform Commission, the Ministry of natural resources and the Ministry of ecological environment shall be responsible according to the division of responsibilities)

14、 We will encourage more foreign investment in high-tech industries. We will promote the convenience of management and service for the identification of high-tech enterprises, further strengthen the training, publicity and interpretation of foreign-invested enterprises applying for the identification of high-tech enterprises, focus on strengthening the policy services for enterprises in emergency fields such as epidemic prevention and control, and attract more foreign investment into the fields of high-tech and people's livelihood and health. (led by the Ministry of science and technology, the Ministry of Finance and the State Administration of Taxation shall be responsible according to the division of responsibilities)

15、 Reduce the threshold for foreign R & D centers to enjoy preferential policies. We will reduce the number of full-time research and experimental development personnel in foreign R & D centers that support the import tax policy of scientific and technological innovation, encourage foreign investors to set up R & D centers in China, and improve the quality of foreign investment. (under the leadership of the Ministry of finance, the Ministry of Commerce and the State Administration of Taxation shall be responsible according to the division of responsibilities)

We should firmly carry out the "four departments of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four positions "of the CPC Central Committee, firmly adhere to the" four principles of the CPC Central. All regions should combine the actual situation, improve the supporting measures, seriously organize the implementation, and promote the implementation of various policies in the region. All departments should, according to the division of responsibilities, strengthen cooperation and form joint forces to ensure the implementation of various policies.

General Office of the State Council

August 5, 2020

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