Shanxi launches pilot project to facilitate trade foreign exchange receipts
The Shanxi branch of the State Administration of Foreign Exchange and the Shanxi branch of China Construction Bank jointly launched a pilot project for the facilitation of trade foreign exchange receipts and payments in Shanxi province on March 10.
The pilot project is an important measure for Shanxi to increase convenience and reduce costs for enterprises engaged in foreign business, to optimize the business environment in the financial sector, and to further stimulate the vitality of foreign-related market entities.
The Shanxi branch of China Construction Bank and Foxconn Technology Group were respectively identified as the first bank and the first enterprise to participate in the pilot project.
The pilot bank can carry out a number of facilitation measures for pilot companies, such as optimizing the review of trade foreign exchange receipts and payment documents, canceling the registration procedures for special foreign exchange returns, and simplifying import declaration verification.