State Administration of Foreign Exchange: Broaden the types of high-level open pilot cross-border trade offset settlement business.

In order to further promote the facilitation of cross-border trade balance, improve the service quality and efficiency of foreign exchange support for the stable development of foreign trade, the State Administration of Foreign Exchange has drafted the "Notice of the State Administration of Foreign Exchange on further facilitating foreign exchange fund settlement to support the stable development of foreign trade" and is now seeking public comments. Among them, it is proposed to expand the types of cross-border trade high-level open pilot offset settlement business, and when high-quality enterprises in the pilot areas of cross-border trade high-level open pilot regions carry out regular project foreign exchange transactions with the same overseas trading counterparty, pilot areas that meet the conditions of prudent compliance Banks can handle the net offset settlement of the following situations for high-quality enterprises in a risk-controlled manner, and report actual payment data and reconstruction data in accordance with relevant regulations on foreign exchange receipts and payments management information reporting.