Foreign exchange facilitation policy

Legal analysis: Expand the pilot program to facilitate trade and foreign exchange receipts and payments.

Legal basis: "Notice of the State Administration of Foreign Exchange on Further Promoting the Facilitation of Cross-Border Trade and Investment" 1. Expanding the pilot program to facilitate foreign exchange receipts and payments for trade

Expanding foreign exchange receipts and payments for trade in goods Facilitation pilot areas, on the basis of the Guangdong-Hong Kong-Macao Greater Bay Area, Shanghai and Zhejiang pilots, will support other regions in optimizing the review of foreign exchange receipts and payments for goods trade, canceling the registration of special foreign exchange refund business, and simplifying the verification of import foreign exchange payments in accordance with regulations. Pilot business.

Implement pilot projects to facilitate foreign exchange receipts and payments for trade in services. When banks that meet the conditions and are prudent and compliant handle foreign exchange receipts and payments for service trade for domestic institutions with good credit, they can do so in accordance with the business development principles of "know your customers, understand your business, and perform due diligence". Promote the electronic filing of tax filings for foreign exchange payments under trade in services, and realize electronic bank review through information sharing.