Support Enterprises to go out to the country to promote export income storage abroad

From October 1 last year, in Beijing, Guangdong (including Shenzhen), Shandong (including Qingdao), Jiangsu Province, four provinces (cities) to carry out export revenue from the foreign policy pilot to achieve early results.　　The State administration of foreign exchange has announced that it is expected to promote the efficiency of domestic enterprises ' capital use, further promote trade facilitation, and support domestic enterprises to "go out" and balance the flow of funds under trade, since January 1 this year, nationwide promotion of exports of goods to foreign trade.　　The foreign Exchange bureau issued the "on the implementation of export revenue storage overseas management notice," since January 1, 2011, the implementation of the national scope of the export of goods exports to store foreign management interim measures and operating procedures. The main contents of this policy include: first, the domestic enterprises export income deposit outside the implementation of the registration system. If the domestic enterprises meet the export income source and have actual payment demand outside the country, and have not violated the foreign Exchange Management regulations in the past two years, they may apply to the local Exchange bureau, and the second is to carry out the scale management of the export income of domestic enterprises.　　The size of the deposit abroad, by domestic enterprises to the location of the foreign Exchange Bureau, the foreign Exchange Bureau to register and record; The third is to simplify the export verification, networking verification and other business operations, the implementation of enterprise ex post facto reporting system; the implementation of off-site monitoring of domestic enterprises ' income and expenditure, the implementation of on-site verification of anomalies.　　Foreign Exchange Bureau related Personage said, the introduction of this policy is to meet the needs of the development of market economy, deepen the reform of foreign exchange management system, and further promote trade facilitation of the major measures, not only to balance the flow of capital flows under the trade, but also to facilitate domestic enterprises Cross-border capital operation, support domestic enterprises "go out" development and growth In particular, enterprises with more frequent cross-border trade payments can reduce the cross-border transfer costs and exchange costs of foreign exchange funds, and the enterprises with high degree of participation in the international market and strong group management ability can improve the efficiency of capital use, reduce the cost of financing abroad and further enhance international competitiveness. (Shanghai Securities Daily)