In response to the "Several Opinions of the General Office of the State Council on Supporting Stable Growth of Foreign Trade" (Guo Dang Fa [2014] No. 19), the People's Bank of China has issued guiding opinions aimed at supporting the steady development of foreign trade. These guidelines are directed at major financial institutions, including the National Development Bank, policy banks, state-owned commercial banks, joint-stock banks, and China Postal Savings Bank. The goal is to enhance financial support for foreign trade enterprises, especially small and medium-sized businesses, by improving access to financing and streamlining cross-border transactions.
The first step involves expanding financing channels for enterprises. Banks are encouraged to innovate financial products, such as export credit insurance, factoring, and bill discounting, to provide more flexible funding options. Additionally, small and medium enterprises are urged to explore new financing instruments like SME bill collections and regional collective bills to improve their access to capital.
Secondly, the role of policy finance in supporting foreign trade is emphasized. The Export-Import Bank of China is encouraged to increase its support for export-oriented projects and enterprises going global, particularly those with limited resources. Policy banks are also urged to invest in service trade and key infrastructure projects.
Financial leasing is another area of focus. Institutions are encouraged to develop leasing services for large equipment and expand their operations through bond issuance and securitization. This helps diversify funding sources and supports import and export activities.
Simplifying RMB settlement processes for cross-border trade and investment is a key priority. Banking institutions are allowed to directly handle current account and direct investment settlements under the "three principles" of customer due diligence, business understanding, and thorough review. This promotes efficiency and reduces bureaucratic hurdles.
Centralized management of cross-border RMB funds is also promoted. Multinational enterprises can set up fund pools and centralized payment systems, which help manage liquidity and reduce transaction costs. This aligns with broader efforts to enhance the international role of the RMB.
Personal cross-border trade in RMB is now supported, allowing individuals to engage in trade and receive payments in RMB. This opens new opportunities for small-scale traders and entrepreneurs.
Cooperation between banks and payment institutions is encouraged to facilitate e-commerce transactions. By signing agreements and reporting to local branches, banks can offer more efficient and secure cross-border RMB settlement services.
Credit information systems for foreign trade enterprises are being developed to promote transparency and trust. This includes sharing data across departments and using credit-based services to support regulatory compliance and financial decision-making.
Improving the RMB exchange rate mechanism is crucial for maintaining stability. The central bank aims to increase market-driven determination of the exchange rate while ensuring balance in international payments. Enhancing the flexibility of the RMB's two-way movement will help maintain its value at a reasonable level.
Expanding hedging tools is another important initiative. Banks are encouraged to develop more foreign exchange products, including options and futures, to better meet the needs of businesses and residents. This helps mitigate currency risks and improves financial resilience.
Finally, the People's Bank of China encourages domestic financial institutions to support enterprises in their global expansion. This includes developing international credit systems, offering both direct and indirect financing, and promoting the use of Chinese technologies and standards abroad. By fostering multinational corporations, the country aims to strengthen its position in the global economy.
These measures reflect a comprehensive approach to strengthening foreign trade through improved financial services, greater market access, and enhanced international cooperation. All branches of the People's Bank of China are instructed to disseminate these guidelines to relevant institutions within their jurisdictions.
People's Bank of China
June 11, 2014
Steel Structure Warehouse
Why are steel structure warehouse popular? How practical is it?
Many storage centers and large manufacturers are building steel structure warehouses. As long as there is a suitable location, then design and construction can be done directly. The construction of such warehouses is convenient and the cost is also very favorable. But why are such warehouses popular? How about practicality?
Fast construction
The warehousing industry must still have to race against time, especially some large warehousing centers have a lot of goods, and the sooner the warehouse is built, the better. The construction of the steel structure warehouse is very simple. It only needs to do a good job in the basic design, and the construction and use of the warehouse can be completed immediately, and it will not affect the later work. Moreover, all parts are prefabricated in advance, and the manufacturer will also carry out standardized production and processing. The processing progress is guaranteed, which can reduce the investment in human and financial resources, and the cost performance is also guaranteed.
Strong warehouse stability
The steel structure warehouse can be used for a long time, its stability is also guaranteed, and it is flexible to use, and it is also very convenient for daily construction and dismantling. Many manufacturers are more concerned about the stability of the warehouse, so long-term use is also guaranteed. In fact, the stability of Industrial Steel Buildings is also good, and the thickness of the steel plate is large, the weight is light, and the practicality is also guaranteed. The steel structure can withstand some bad weather, the stability is guaranteed, and the long-term use is also guaranteed.
large internal space
In order to effectively improve the profit margin of the warehouse, this kind of warehouse is also very worth choosing, because it does not use other columns for support inside, so the usable area inside the warehouse is also very large. In this way, the space of the warehouse can be fully utilized, the storage requirements of the warehouse can also be met, and the overall profit margin of the warehouse can be improved.
Excellent environmental performance
The reason why everyone is recommended to use steel structure warehouses is because such materials can be used repeatedly and the construction cost is low. Even if the warehouse is not used later, it can also be disassembled. Steel structure materials can be reused many times. Yes, there will be no construction waste, and it can also play a good role in energy saving and environmental protection.
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Henan Jinming Metal Material Co., Ltd. , https://www.jinminghouse.com