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2025-10-29 14:20:03
[State Administration of Foreign Exchange: Improving the Efficiency of Fund Utilization for Service Trade Enterprises and Relaxing Management of Service Trade Advance Payments] The State Administration of Foreign Exchange (SAFE) released a package of facilitation policies to support the stable development of foreign trade. The policies mention improving the efficiency of fund utilization for service trade enterprises. They relax management of service trade advance payment services, clarifying that domestic enterprises can directly handle related fund collection and payment for goods transportation, warehousing, and maintenance fees with their trading counterparts at convenient banks. The policies also support contracting enterprises in centrally allocating and using funds across countries and regions, effectively revitalizing "dormant" funds from overseas projects, significantly reducing corporate financial costs, and contributing to high-quality Belt and Road Initiative construction.
