Lates News

date
22/07/2025
Deputy Director of the State Administration of Foreign Exchange, Li Bin: Strengthening the supply of high-quality foreign exchange policies effectively promotes the stable development of foreign trade and foreign investment. Promote high-level opening trials for cross-border trade and facilitate policies for high-quality enterprise trade foreign exchange receipts and payments. In the first half of the year, over 700 billion US dollars of related facilitation businesses were processed, an increase of 11% year-on-year. Encourage more banks and payment institutions to use technology to automate the review of electronic orders in batches, providing efficient, convenient, and secure foreign exchange fund settlement services for small and medium-sized cross-border e-commerce enterprises. In the first half of the year, a total of 510 million related transactions were processed nationwide. Expand the pilot program for integrated foreign currency funds of multinational companies, with some facilitation measures reducing business processing time by 50%. Steadily expand the reform of foreign exchange business, banks have handled over 200 billion US dollars of cross-border receipts and payments for customers since the beginning of the year, with an average reduction of over 50% in processing time.