ICBC foreign trade integrated service platform system direct connection project landed in Guangdong

The reporter learned from the Guangdong Branch of ICBC that the foreign trade comprehensive service platform of Guangdong zhanshentong e-commerce Co., Ltd. has been successfully connected with the Guangdong Branch of ICBC recently, which marks the first time that ICBC has realized system direct connection with the foreign trade comprehensive service platform and effectively enabled the development of new trade formats with financial technology.

It is understood that Guangdong zhanshentong e-commerce Co., Ltd. is the first comprehensive foreign trade service enterprise successfully filed with the IRS in Zhanjiang City, Guangdong Province. It is also a local industry leader. Through the self-developed comprehensive foreign trade service platform, it provides small and medium-sized enterprises with a package of comprehensive foreign trade services on the whole line, such as goods export declaration, inspection, credit insurance, logistics, foreign exchange collection and tax refund. The company's daily foreign exchange collection and settlement business is characterized by a large number of transactions, small amount and high timeliness requirements.

ICBC Guangdong branch has visited many times to understand the business characteristics and financial service needs of enterprises, and customized the comprehensive financial service scheme of bank enterprise interconnected collection housekeeper and API interface cross-border collection function. It can query and confirm the foreign exchange information in one stop on the foreign trade comprehensive service platform, and automatically settle and settle foreign exchange and enter accounts on the whole line, A cross-border collection of foreign exchange is recorded in the account of the upstream factory from the notification of foreign exchange, which is shortened from the original time of taking more than half a day to 1-2 hours. The use efficiency of funds is greatly improved, the cost of manpower and time is significantly reduced, and the "last kilometer" of the foreign trade chain is more unblocked.

The successful implementation of the project is the epitome of ICBC Guangdong branch supporting new trade formats and promoting high-quality trade development. The bank closely followed the market development situation and actively responded to the relevant policies of the state to accelerate the development of new forms and models of foreign trade. From January to September 2021, the bank provided cross-border settlement business for new forms of foreign trade customers of nearly $8 billion, double that of the same period in 2020.

It is reported that in recent years, ICBC Guangdong branch has earnestly implemented the national strategic deployment of "stabilizing foreign trade and foreign investment", gave full play to the advantages of information, capital, channels, financial technology and domestic and foreign integration, and helped improve the quality and efficiency of foreign trade supply chain and industrial chain. Next, ICBC Guangdong branch will actively use new technologies and tools to realize the integration of local and foreign currencies, provide all-round financial services and serve the real economy.

Source: China Trade News