Source: People's Daily Overseas Edition
Since this year, faced with severe and complex epidemic situations at home and abroad, Rugao City, Jiangsu Province has helped foreign trade companies respond to the epidemic, seize market opportunities, and go all out to meet foreign market demand.
The picture shows workers working hard to produce a batch of clothing products for overseas sales in the production workshop of Nantong Teljia Knitting and Garment Co., Ltd. located in Rucheng Street, Rugao City.
Photo by Xu Hui (People's Vision)
In the production workshop of Fuyang Aiyun Clothing Co., Ltd. in Wuzhaiju, Zhengwu Town, Yingdong District, Fuyang City, Anhui Province, workers are rushing to produce export products on the production line. Photo by Wu Shijie (People's Vision)
At a cosmetics manufacturer in the "Beauty Town" of Daixi Town, Wuxing District, Huzhou City, Zhejiang Province, staff from the Daixi Branch of Wuxing Rural Commercial Bank learned about the production situation in the workshop and provided door-to-door credit support. Photo by Xinhua News Agency reporter Weng Xinyang
From January to April this year, China’s total import and export value increased by 7.9% year-on-year, and the number of foreign trade companies with import and export performance increased by 4.7% year-on-year. Even as the external environment becomes more complex and severe, foreign trade imports and exports still maintain growth, which fully reflects the strong resilience, sufficient potential and wide room for maneuver of China's economy.
However, affected by the epidemic, some small, medium and micro foreign trade enterprises have encountered periodic difficulties in their production and operations. The State Council executive meeting held on May 5 decided to increase credit to small, medium and micro foreign trade enterprises, promote the stability and improvement of foreign trade, and help stabilize the economy and industrial and supply chains.
helps small, medium and micro foreign trade companies stabilize orders and expand markets, and finance is making full efforts.
Focus on resolving supply chain funding problems
Private enterprises, mainly small, medium and micro enterprises, have always been the "main force" of foreign trade. In the first four months of this year, private enterprises' import and export reached 6.1 trillion yuan, an increase of 11%, accounting for 48.5% of my country's total foreign trade value, an increase of 1.4 percentage points from the same period last year, showing strong ability to withstand pressure.
However, there are many difficulties and challenges. During the interview, the reporter heard the following voices from many small, medium and micro foreign trade companies: "The three-layer shelves in the warehouse have reached the top, and the shipment volume in April is only half of the usual volume." "Orders are scheduled until August, but due to the impact of the epidemic, , the employee attendance rate is not high, and the production capacity has not been increased."...
Ministry of Commerce spokesperson Shu Jueting said that judging from the current situation, some foreign trade companies have been affected by the epidemic and are facing production and operation disruptions, poor logistics and transportation, etc. Stage issues. At the same time, problems such as rising raw material costs, poor cross-border shipping, and supply chain bottlenecks have not been fundamentally alleviated. Foreign trade companies, especially small, medium and micro enterprises, still face great operating pressure.
Funds are crucial to the operation of small, medium and micro foreign trade enterprises. Qiu Yibo, general manager of New Newton, which is mainly engaged in the export of forklifts, told this reporter: "Affected by the epidemic, many of the company's customers also have financial problems, and customers choose payment methods such as credit, letters of credit, etc. On the other end, some of the company's Suppliers have also suffered from reduced employment rates due to the epidemic, and are also facing financial problems. In order to obtain orders, we need to advance funds to purchase raw materials. The financial pressure is unprecedented. "
Aosen E-commerce Co., Ltd. is mainly engaged in cross-border e-commerce. Overseas e-commerce business. The person in charge of the company said that he should be happy that overseas orders have surged since this year. However, costs have increased in many aspects of the supply chain, including upstream procurement, maritime transportation, and overseas sales. In particular, upstream suppliers are in urgent need of funds to purchase raw materials and face financing difficulties. This is directly transmitted to foreign trade companies and makes it difficult to complete orders.
Financial institutions are actively resolving the funding problems in the foreign trade supply chain.
The Export-Import Bank of China combined the bank's existing inclusive product features and financial technology strength to design an "e-commerce loan" financial service plan that combines a special foreign trade "factoring E-loan" and working capital loan to help Enterprises solve problems such as difficulties in closed-loop capital management, difficult and expensive financing for small and medium-sized enterprises in the cross-border e-commerce chain, and cumbersome traditional procedures. At present, Aosen E-commerce has obtained "e-commerce loans" for four small and micro suppliers with stable cooperative relationships and good operating performance, with a total loan amount of 30 million yuan.
China Construction Bank pioneered the "Cross-border Quick Loan" series of big data inclusive finance products, providing small and micro enterprises with full-online, pure credit, low-interest trade financing support.As of the first quarter of this year, the "cross-border quick loan" series of products have provided a total of more than 10,000 small and micro foreign trade companies with credit funds exceeding 20 billion yuan.
Novozan Biotechnology Co., Ltd. is a company that produces new coronavirus antigen detection reagent products. Due to the significant increase in overseas orders recently, the company urgently needs to strengthen the monitoring of the accounts of overseas subsidiaries and improve the efficiency of overseas capital turnover. After learning about the company's needs, the Jiangsu Branch of the Bank of China assisted the company's overseas company to open an account at an overseas branch, launched group online banking and launched the "Global Vision" product function for the company, helping the company achieve hierarchical visual management of overseas accounts. , improves the efficiency of corporate capital operations and the level of exchange rate management.
Bank credit continues to increase
In order to help foreign trade companies cope with difficulties and challenges, the State Council executive meeting on May 5 decided to increase credit to small, medium and micro foreign trade companies, and support banks in not blindly withdrawing loans or cutting off loans to temporarily trapped companies. Loans, loan pressures, and sorting out a group of projects that are in urgent need of funds to provide key support. Expand the scale of short-term export credit insurance and shorten the compensation time. Increase credit insurance policy financing. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Actively meet the needs of enterprises, and bank credit is continuously increasing -
Since this year, Bank of China has continued to increase its support for small, medium and micro foreign trade enterprises, and the growth rate of financing for small, medium and micro foreign trade enterprises is not lower than that of the Bank of China as a whole. The growth rate of credit issuance, through the upgrade of "Bank of China Enterprise E-Loan·Foreign Trade Loan", will improve the coverage, availability and satisfaction of financing services for small, medium and micro foreign trade enterprises.
In response to the severe and complex situation of epidemic prevention and control in Shanghai, the Shanghai Branch of the Export-Import Bank of China increased its support for inclusive finance and successfully issued the first batch of nearly 200 million yuan of risk-sharing on-loan to Shanghai Rural Commercial Bank for small and micro foreign trade enterprises. has effectively supported more than 50 inclusive small and micro foreign trade enterprises in Shanghai with good import and export performance, and realized the precise drip irrigation of policy wholesale funds to small and micro foreign trade enterprises affected by the epidemic.
In addition, during the interview, many banks stated that they would further strengthen cooperation with China Export and Credit Insurance Corporation , continue to increase the scale of credit insurance policy financing, and improve the availability of financing for small, medium and micro foreign trade enterprises.
Shanghai Liancai Chemical Trading Co., Ltd. is a chemical foreign trade company specializing in organic pigments . Affected by the epidemic, the company's production and operations have been interrupted, and it is difficult to ship export goods. It is in urgent need of funds to pay suppliers and employee wages. Zhou Ben, account manager of China Construction Bank Shanghai Branch, learned that the company had purchased a small and micro export credit insurance policy from the China Export and Credit Insurance Corporation, so he guided the company to apply for "Cross-border Quick Loans - Credit Insurance Loans" online. "The loan application of 770,000 yuan was approved on the same day and was quickly credited to the account, which solved our urgent need. Now the company is operating normally!" Chen Tieshan, the person in charge of Shanghai Liancai Chemical Trading Co., Ltd. told reporters.
All parts of the country have come up with practical measures to increase policy support -
Shandong has introduced 32 policy measures to stabilize foreign trade, innovatively launched the "Qilu Import Loan" policy, optimized the "Qilu Trade Loan" operating mechanism, and helped enterprises effectively cope with exchange rate fluctuations and financing Difficult questions.
Zhejiang Province has introduced a series of policies to stabilize progress and improve quality, including adding new special funds to stabilize foreign trade, giving full play to the role of the government financing guarantee system, and supporting small and micro foreign trade enterprises.
Guangdong Province promotes trade foreign exchange revenue and expenditure facilitation pilot policies to expand coverage, improve quality, and increase efficiency, and guide banks to implement more convenient trade revenue and expenditure measures for high-quality foreign trade companies. Vigorously promote cross-border financial service platforms and encourage banks to accurately serve trade financing for small, medium and micro foreign trade enterprises through application scenarios such as export accounts receivable financing, export credit insurance policy financing, and enterprise cross-border credit information authorization verification.
"Challenges and opportunities coexist in foreign trade development." Vice Minister of Commerce Sheng Qiuping said that currently, China's foreign trade industry has a solid foundation and its long-term positive fundamentals have not changed. The continued efforts of a series of policies to assist enterprises and the proactive actions of foreign trade market entities will help maintain the stability and improve the quality of imports and exports.
Innovative financial services to stabilize foreign trade
Stabilizing foreign trade is an important support for stable growth.Bai Ming, deputy director of the Institute of International Markets of the Ministry of Commerce Research Institute, told this reporter: "China's status as the largest trading nation is hard-won. As one of the troika that drives the economy, stabilizing foreign trade will help enhance China's international status. The position in the industrial chain and supply chain is very important. "
It is not only the extension of credit. Since this year, insurance, foreign exchange and other financial measures to stabilize foreign trade have been intensively launched, focusing on small, medium and micro foreign trade enterprises -
innovative products and services, and precise drip irrigation of small, medium and micro enterprises. . In January this year, the General Office of the State Council issued the "Opinions on Making Cross-Cycle Adjustments to Further Stabilize Foreign Trade," encouraging and guiding banking institutions to innovate insurance policy financing and other products based on the needs of foreign trade companies, focusing on alleviating the financing difficulties and expensive financing problems of small, medium and micro foreign trade companies. . Give full play to the role of various financial institutions, carry out product and service innovation on the premise of legal compliance and controllable risks, and further increase credit support for foreign trade enterprises, especially small, medium and micro foreign trade enterprises, in accordance with market-oriented principles. In February, the Ministry of Commerce and China Export and Credit Insurance Corporation issued a notice on increasing support for export credit insurance and making cross-cyclical adjustments to further stabilize foreign trade. Export credit insurance will be used as a powerful starting point for stabilizing foreign trade. Through cross-cyclical adjustments, Support the stable development of foreign trade. At the same time, local governments are encouraged to explore the implementation of "re-loan + policy financing" and so on.
optimizes foreign exchange services and reduces costs for small, medium and micro enterprises. In April, the People's Bank of China and the State Administration of Foreign Exchange issued 23 measures to promote the stable development of foreign trade exports. This includes facilitating cross-border financing for enterprises, improving enterprise exchange rate risk management services, increasing export credit insurance support, and guiding insurance institutions to provide financial services to small, medium and micro foreign trade enterprises. Recently, the "Notice on Doing Key Cost Reduction Work in 2022" issued by the National Development and Reform Commission, and other four departments pointed out that small, medium and micro enterprises should be supported to strengthen exchange rate risk management. Encourage enterprises to use diversified foreign exchange hedging products, reduce exchange rate hedging costs through the joint efforts of governments, banks and enterprises, encourage banks to provide precise services to small, medium and micro enterprises, support banks in developing online transaction service platforms, and facilitate the foreign exchange of small, medium and micro enterprises. Hedging inquiries and transactions.
"Stabilizing small, medium and micro foreign trade enterprises not only stabilizes foreign trade, but also stabilizes market entities, employment and people's livelihood." Bai Ming said that the large number of small, medium and micro foreign trade enterprises absorbs a large number of jobs. At the same time, small, medium and micro foreign trade companies are more flexible in the market and can often recover faster with a little help. Therefore, it is of great significance for finance to help small, medium and micro foreign trade enterprises cope with difficult challenges.
"We no longer have to worry about financing, so we dare to take orders! We also dare to innovate in research and development to attract more customers." Qiu Yibo settled the accounts. As of the end of April, the company had received 879 orders this year, an increase from the same period last year. 5.8%. He said that as financial support for small, medium and micro foreign trade enterprises continues to increase, New Newton is confident to achieve the goal of exporting to 53 countries and regions around the world. (Reporter Xu Peiyu)
"People's Daily Overseas Edition" (Page 06, May 17, 2022)
