15 measures to stabilize foreign trade and foreign investment

The general office of the State Council issued the "opinions on further stabilizing foreign trade and foreign investment" (hereinafter referred to as the "opinions") on the 12th, proposing 15 policies and measures to stabilize foreign trade and foreign investment from the aspects of increasing financial support, developing new trade patterns and new models, improving the level of customs clearance and personnel exchanges, and supporting key industries and key enterprises.

It is pointed out that under the current situation, the "opinions" focuses on solving the capital problems of foreign trade enterprises. On the basis of stabilizing the lifeline of enterprises and maintaining the market entities, it seeks to promote industrial gradient transfer and value chain upgrading, and draws a clear road map for stabilizing foreign trade and foreign investment. According to the opinions, export credit insurance should play a better role. Support conditional local replication or expansion of the "SINOSURE + guarantee" financing mode. Provide credit enhancement support for foreign trade enterprises in various ways. We will further expand export credit to small and medium-sized foreign trade enterprises. The Opinions also further increased support for the development of new trade formats, and made it clear that a new batch of market procurement trade mode pilot projects will be promoted as soon as possible in places where conditions permit, so as to expand the total number of trials nationwide to about 30, so as to drive the export of small and medium-sized enterprises.

Make full use of existing channels such as special funds for foreign trade and economic development and guidance fund for innovation and development of service trade to support cross-border e-commerce platform, cross-border logistics development and overseas warehouse construction. Financial institutions such as the export import bank and China Export Credit Insurance Corporation are encouraged to actively support the construction of overseas warehouses under the premise of controllable risks. The opinions stressed that financial support should be given to key foreign-funded enterprises. Foreign funded enterprises are equally applicable to the existing 1.5 trillion yuan special line for refinancing and rediscount.

We will increase financial support for key foreign-funded enterprises. The new loan scale of RMB 570 billion from the export import bank can be used to actively support key foreign-funded enterprises that meet the requirements. The Opinions also increased support for foreign-funded enterprises in terms of increasing support services for key foreign-funded projects, encouraging more foreign investment in high-tech industries, and reducing the threshold for Foreign-Funded R & D centers to enjoy preferential policies. Pang Chaoran, an associate researcher at the Research Institute of the Ministry of Commerce, told the economic reference daily that the opinions clearly require SINOSURE to improve the underwriting efficiency, actively protect the risk of cancellation of orders before shipment, promote government financing guarantee institutions to participate in risk sharing, make up for the risk exposure after SINOSURE insurance, and guide financial institutions to increase financing support for small and micro foreign trade enterprises At present, export enterprises are facing difficulties and obstacles in trade financing, so as to promote financial institutions to provide liquidity support for foreign trade enterprises, better promote the flow of credit funds to the real economy, and provide stable guarantee for cash flow of foreign trade enterprises under the impact of the epidemic.

Pang Chaoran pointed out that the Opinions also made it clear that foreign-funded enterprises could enjoy the same treatment of special government funds, vigorously promote the support and assistance of domestic financial institutions for foreign-funded enterprises, overcome the financing difficulties of foreign-funded enterprises under the current sharp fluctuations in the international financial market, and better encourage foreign-funded enterprises to localized financing and localized operation, and create domestic and foreign capital in a larger scope and deeper level Opening up the equal treatment and fair competition environment will lay a solid foundation for strengthening the confidence of foreign-funded enterprises to develop in China under the influence of the epidemic. According to Pang Chaoran, at present, the epidemic is spreading all over the world, and the situation is grim and complex. The development of foreign trade foreign-funded enterprises is facing many survival problems, such as declining foreign demand, unstable orders, inconvenient business negotiations, etc. In this context, the government started with increasing financial and taxation support, introduced precise and effective assistance measures, and made clear the "construction direction" in supporting new business forms and high-tech industries. On the basis of stabilizing enterprise expectations and increasing market confidence, these measures will further enhance China's confidence in stabilizing the basic market of foreign trade and foreign investment, as well as the confidence in moving towards higher quality development.