Self-trade area of the cross-border electric business platform has two enterprises settled in the third party to pay for the blue sea

China (Shanghai) Free trade test area has been listed for a month. Reporter learned that as an important test content of cross-border electrical business, has been the pilot-qualified electric business platform to start running, more enterprises have been included in the declaration list.

On the other hand, the first batch of third-party payment companies that are eligible for the pilot's foreign exchange payment are also intensively promoting the pilot business. Cross-border payment potential is huge, in the short term or will usher in "blowout."

Cross-border electricity business starts soon

"China (Shanghai) Free Trade Test area General Plan" clearly put forward, "to speed up the cultivation of Cross-border e-commerce service function, the pilot set up with the corresponding customs supervision, inspection and quarantine, tax rebate, Cross-border payments, logistics and other supporting systems."

In addition, there are some policies in the overall scheme which are related to the development of Cross-border electric power, such as actively cultivating new trade patterns and functions, deepening the pilot of international Trade Settlement Center, expanding the Cross-border payment and financing functions of service trade of special Account.

Reporter learned that at present, there are two electrical business enterprises in Shanghai since the first entry into the business, has been licensed in the FTA to carry out cross-border business, one is "cross-border" electric business Platform, an Oriental Network E-commerce Co.

Among them, the investment by the Orient "Cross-border" E-commerce platform has been basically completed, is currently testing the operation, after the acceptance of the general administration of customs can be run online. "Cross-border" will be the introduction of the main products include clothing, clothing, baby supplies, 3C electronic products, such as hot goods, prices are expected to be cheaper than the domestic counters.

Cross-border payment pilot Intensive drive

"In late October, we started a pilot business with the Co-operative Bank for Cross-border payments," he said. "Third party payment enterprises remit the World Bank Cooperation Department general manager Lu Ying told reporters."

Since the third party paid the "gate" of cross-border settlement this year, 17 enterprises have obtained the pilot qualification, of which 10 institutions such as the world of remittance and payment have obtained the "whole business" pilot licence for trade in goods, education for students, air tickets and hotel accommodation.

In fact, third party payments, such as Alipay, Tenpay and fast money, began working with banks several years ago to try Cross-border payments. Analysys International analyst Li Zichuan that the Third-party payment enterprises in the past through the circuitous route to carry out cross-border payment business, is the inevitable result of domestic payment market competition, but due to the previous financial infrastructure is not complete and other issues, restricting the further expansion of its scale. The issue of the cross border payment pilot licence is of ice-breaking significance.

Lu Ying said: "In cross-border payments, payment is in accordance with the international standard process, third-party payments can be done by the receipt and liquidation, only the use of one bank, can complete cross-border payments." Some of the previous payment companies have had so-called offshore payment attempts, largely as proxies for sending customers to banks. Now, the third party payment enterprise is the real subject of the sale of the exchange. ”

Other analysts believe that, compared to the thousand-per-cent renminbi payment business profits, the foreign exchange settlement of cross-border payment business profit margin may reach 2%-3%, so there will be more and more Third-party payment Enterprise layout cross-border payments.

Yang Yihua, chief executive of the countries of the West, said that the Cross-border trade in E-commerce has become a new growth point in China's foreign trade, with the construction of Shanghai's FTA, the start of Cross-border payment business pilot, it is expected to engage in the future of overseas import business of Cross-border Electric Network will usher in the development of the peak

(according to Xinhua news Agency)