📋 Tender Overview
Sichuan expands the coverage of high-quality enterprises trade foreign exchange receipts and payments facilitation policy.As of the end of August the accumulated facilitation business has exceeded 12 billion US dollarsIn August this year a high-quality facilitation pilot home appliance export enterprise received US4 million in export credit insurance financing support from the Sichuan Branch of the Industrial and Commercial Bank of China. Through the superposition of favorable enterprise policies the urgent need for cross-border trade of enterprises has been solved.This is a microcosm of the State Administration of Foreign Exchange Sichuan Branchs efforts to expand the coverage of the facilitation policy for high-quality enterprises trade foreign exchange receipts and payments. As of the end of August this year the number of banks participating in the facilitation policy in Sichuan has increased to 10 and the number of enterprises has reached 180 of which small and medium-sized enterprises account for 79.Since the beginning of this year in response to the changes in the foreign-related economic situation the Sichuan Branch of the State Administration of Foreign Exchange has taken multiple measures to continuously promote the annual activities of improving foreign exchange services for cross-border trade investment and financing focusing on facilitation policies exchange rate hedging and cross-border investment and financing reforms and closely follows the service The main line of the real economy policy enhance the coverage of policy dividends and the sense of gain of market players and support Sichuans foreign-related economic growth to be at the forefront.At present the bureau has replicated and extended Chengdus capital support policy for foreign exchange derivatives contract performance to 12 cities and prefectures in the province established an exchange rate hedging cooperation mechanism and helped small and medium-sized foreign trade enterprises stabilize the market. As of the end of July this year the provinces foreign exchange derivatives contracts have increased by 37.3 year-on-year and the foreign exchange hedging rate has reached 36 10 percentage points higher than the national average. 260 first-time households were guaranteed doubling year-on-year. Reporter Lu Wei
