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2025-10-29 14:19:38
[State Administration of Foreign Exchange: Encouraging Banks to Include More SMEs Related to New Trade Formats in the List of High-Quality Enterprises] The State Administration of Foreign Exchange (SAFE) released a package of facilitation policies to support the stable development of foreign trade. The policies mention supporting the healthy development of innovative businesses such as new trade formats. They leverage the recommendation and credit enhancement role of high-quality e-commerce platforms and foreign trade comprehensive service enterprises, encouraging banks to include more SMEs related to new trade formats in the list of high-quality enterprises, applying more convenient trade fund settlement policies. The policies guide banks to transform traditional document review methods, using online electronic transaction information such as orders and logistics provided by foreign trade comprehensive service enterprises for automatic batch review through the system, facilitating convenient foreign exchange receipts and payments for entities in new trade formats. The policies also supervise banks to establish a special foreign exchange business handling mechanism for current account items, efficiently handling personalized and complex innovative foreign exchange businesses under current account items for domestic institutions with genuine and legitimate transaction backgrounds, adhering to the principle of "substance over form."
