On April 18th, under the guidance of the provincial port office, the Bank of China Hainan Branch success fully handled the province's first international trade "single window" cross-border remittance, account opening appointments, etc., which marked China international trade's "single window" financial service module was successfully launched in Hainan province and the service functions were fully upgraded.
According to the unified deployment of the State Port Office, the 2019 international trade "single window" service platform has added functions, such as online appointment opening accounts, cross-border remittance, online handling the letter of guarantee, tax financing, and foreign exchange price inquiry. The new online cross-border remittance function enables enterprises to conduct information entry, upload background materials , and related customs declarations online, through the "single window" of international trade. The whole process is paperless online, which greatly increases the convenience of enterprises settlement; the function can realize the pre-examination of account-opening data and the electronic transmission of enterprises' information through time selection and related information collection, which effectively reduces the account-opening time and improves the enterprises' experience.
After learning about that Hainan became the first pilot launch area for the "single window" financial service function, Hainan Bank of China, with the guidance of the Provincial Port Office, actively promoted and assisted enterprises to understand how to use financial services function. After full preparation, the enterprises' business was smooth and experienced on the first day of the launch, which showed the convenience and efficiency of the optimization of the business environment in Hainan Free Trade Zone and Free Trade Port.
Hainan Free Trade Zone FT account business is getting better
海南自貿(mào)區(qū)FT賬戶業(yè)務(wù)漸入佳境
Up to now, a total of nearly 3.4 billion yuan in capital revenue and expenditure has taken place through the FT account.
Since its launch on January 1 this year, there has been five banks opening FT business in Hainan Province, including Bank of China, Pudong Development Bank, ICBC, China Everbright Bank and Xingye Bank. They have handled more than 190 business outlets, covering 16 cities and counties in the province. The work of other banking institutions in Hainan province has progressed smoothly. Five of them have completed various on-line assessments to start the business, which has become an important thrust for Hainan to expand its opening up and connect with the world capital market.
According to statistics, at present, the whole province's financial institutions have opened more than 3,770 FT main accounts, with 13,000 sub-accounts and more than 3,760 account holders, which have covered all types of account-opening holders, including institutions in the region, overseas institutions, peers of financial institutions, individuals within the region, and overseas individuals within the region. Up to now, the whole province's FT accounts second-line have accumulated revenue and expenditure in a total of 1.1 billion yuan, and the total income and expenditure of the FT accounts have reached RMB 2.3 billion. There has been a total of nearly 3.4 billion yuan in capital revenue and expenditure taking place.
At the same time, financial institutions actively have connected domestic and foreign high-quality and cheap financial resources through the sub-accounting checking unit, developed competitive FT account financial products, and provided cost-effective financial services for market subjects on depositing, lending, remitting and exchanging services, such as cross-border investment funds exchange, domestic trade financing and so on. “Every day, more than 60 enterprises handle FT business”, said Yan Xiaohong, general manager of the Trade Finance Department of Bank of China Hainan Branch.
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