China will relax the access conditions for overseas institutions to participate in financial asset management companies

  Today (17th), the State Financial Supervision and Administration Bureau revised and promulgated the Measures for the Implementation of Administrative Licensing Matters of Non-bank Financial Institutions, which will strengthen the supervision of non-bank financial institutions and steadily promote opening up.

  The measures for the implementation of administrative licensing matters of non-bank financial institutions are mainly revised as follows:

  The first is to adjust the access conditions for some matters. In combination with the recently revised Measures for the Administration of Finance Companies of Enterprise Groups and the Measures for the Administration of Auto Finance Companies, we will adjust the establishment of institutions and the access conditions for shareholders, implement the regulations on business classification management, and improve the access conditions for special businesses of finance companies.

  The second is to continue to expand opening up. Further relax the access conditions for overseas institutions to participate in financial asset management companies, allow overseas non-financial institutions to be investors in financial asset management companies, and cancel the total assets requirement for overseas financial institutions to be investors in financial asset management companies.

  The third is to promote the work of decentralization. Simplify the examination and approval procedures for the issuance of bonds and the qualifications of some personnel, cancel the examination and approval of the issuance of non-capital bonds by non-bank institutions, and the examination and approval of the qualifications of the heads of the financial departments and internal audit departments of financial asset management companies, and change it to an after-the-fact reporting system to clarify the mechanism for the issuance of capital bonds.

  The fourth is to improve the relevant administrative licensing regulations. Summarize the practical problems encountered in the administrative licensing work of non-bank institutions in recent years, strengthen the examination of shareholders’ qualifications, and improve the relevant provisions on administrative licensing conditions and procedures.

  (CCTV reporter Zhang Daofeng)

The growth potential of foreign trade is continuously released (big data observation, new leap in number saying)

  Source: Ministry of Commerce and General Administration of Customs.

  Cartography: Andy

  In the early morning of January 1st, 2022, Guangzhou Da Lang International Freight Logistics Base, a "Sui Man Russia" China-Europe train loaded with 100 TEUs slowly pulled out. The train will leave the country from Manzhouli Railway Port and arrive at Moscow Volsino Station more than 10,000 kilometers away 16 days later. Up to now, China-Europe trains have accumulated more than 40,000 trains and paved 73 lines, reaching 174 cities in 23 European countries. The logistics distribution network covers the whole of Eurasia, effectively ensuring the stable operation of international trade.

  Foreign trade connects the international and domestic markets and plays an important role in building a new development pattern. Since the reform and opening up, China has continuously promoted the reform and innovation of foreign trade system, achieved leap-forward development in goods trade, continuously optimized the trade structure, and continuously expanded the international market, which has made important contributions to economic and social development.

  In the first 11 months of 2021, the total import and export value of goods trade was 35.39 trillion yuan.

  The scale of trade continued to expand.

  From only a few microwave ovens and rice cookers to the appearance of smart home appliances in the whole house, from "grabbing" orders at the exhibition site to online and offline multi-channel expansion … … For more than 20 years, taking advantage of the east wind of the Canton Fair, Galanz has opened up the international market, and its products have sold well in more than 200 countries and regions.

  We have established international economic and trade cooperation platforms such as Canton Fair, China International Import Expo(CIIE) and Service Trade Fair. China has actively participated in global economic and trade cooperation, promoted trade liberalization and facilitation, and made new breakthroughs in trade scale. The total import and export value of goods trade has increased from 57 billion yuan in 1980 to over 32 trillion yuan in 2020, and the scale of China’s trade has continued to expand.

  In 2018, the scale of China’s import and export of goods exceeded 30 trillion yuan for the first time. In 2020, under the complicated and severe external situation, the total import and export value of China’s goods trade reached 32.16 trillion yuan, a record high, becoming the only major economy in the world to achieve positive growth in goods trade, and its position as the largest country in goods trade was further consolidated. In the first 11 months of 2021, the total import and export value of China’s goods trade reached 35.39 trillion yuan, a year-on-year increase of 22%. Among them, imports and exports to major trading partners such as ASEAN, the European Union and the United States all maintained double-digit growth.

  Building the "Belt and Road" has opened up a new space for world economic growth and a new world for China’s foreign trade development. All localities have vigorously optimized the trade structure and promoted the orderly and free flow of international and domestic factors, efficient allocation of resources and deep market integration. In the first three quarters of 2021, China’s import and export to countries along the Belt and Road increased by 23.4%.

  Exports of mechanical and electrical products accounted for 59%

  Continuous optimization of trade structure

  In the vehicle assembly workshop of Yi Jie Texin Energy Automobile Co., Ltd. located in Shiyan, Hubei, 240 new energy vehicles are rolled off the assembly line every day, 80% of which are sold overseas. From small batch export of 184 units for testing water, by 2021, the cumulative export will exceed 10,000 units, and Yi Jie Special’s blueprint for going to sea will be gradually realized.

  "The full circulation chain such as the import of production equipment and parts and the export of complete vehicles has become increasingly smooth, helping us to control product costs and enhance global competitiveness." Zhao Weidong, general manager of Yi Jie Special, said. With the increasing international demand for new energy vehicles, Hubei has ushered in new opportunities. In the first three quarters of 2021, the cumulative export of new energy vehicles in Hubei reached 1.93 billion yuan, a year-on-year increase of 220 times.

  Since the 18th National Congress of the Communist Party of China, with the goal of building a powerful trading country anchored, China has accelerated the transformation of foreign trade and adjusted its structure, and further promoted the "five optimizations" in international market layout, domestic regional layout, commodity structure, business entities and trade methods, and the quality of trade has been significantly improved. The export of high-tech and high value-added products is strong. In the first 11 months of 2021, China’s exports of mechanical and electrical products increased by 21.2%, accounting for 59%. Among them, the export of automatic data processing equipment and its parts, household appliances and automobiles (including chassis) increased by 12.3%, 16.3% and 108.4% respectively.

  The way of trade supervision is also advancing with the times. The average inspection rate of import and export goods is lower, and the customs clearance procedures for import and export goods are given priority, and you can apply to the customs for exemption from guarantee … … A few days ago, the General Administration of Customs announced the measures for the credit management of enterprises registered and filed by the customs, optimized the credit rating of enterprises to three levels, and implemented convenient or strict customs management measures for "enterprises with advanced certification (customs AEO)" and "enterprises with bad faith" respectively; For other registered and filed enterprises, the conventional customs management measures shall be uniformly implemented to further improve the legalization and standardization of credit management of customs enterprises.

  The scale of cross-border e-commerce has increased nearly 10 times in five years.

  Continuous innovation of business model

  A few days ago, the goods of Newegg Trading (Shanghai) Co., Ltd. successfully passed the card-out area in Yangshan Special Comprehensive Bonded Zone through the cross-border e-commerce 1210 (bonded stocking) mode and were exported to the United States by sea.

  "In the 1210 mode, the e-commerce platform can bond the export goods to the comprehensive insurance zone in advance, and complete the sorting and packaging in its own warehouse, which has the advantages of low cost, fast tax refund and high efficiency." Shi Zhibin, director of cross-border operations of Newegg, said that it is precisely because of the location and policy advantages of Huayang Special Comprehensive Bonded Zone that Newegg has set up a cross-border e-commerce pre-overseas warehouse here.

  In recent years, China has accelerated the cultivation of new foreign trade formats and models, and gathered new kinetic energy for foreign trade development. In July, 2021, the General Office of the State Council issued the Opinions on Accelerating the Development of New Foreign Trade Formats and Models, which set a clear direction for the development of new foreign trade formats and models in the medium and long term.

  "The goods exported by cross-border e-commerce are usually small batches and multi-batches, and the shipping freight is relatively high. And through and other goods ‘ LCL ’ The gypsum board we sent to the Middle East can save 1/5 of the freight compared with the traditional way. " The relevant person in charge of Aoyijia Import and Export Co., Ltd. in Shandong Linyi Comprehensive Bonded Zone said. At present, more than 130 enterprises in Linyi carry out cross-border e-commerce export business, which promotes the development of local characteristic industries such as grass and willow weaving.

  "The new format and new mode of foreign trade are the inevitable product of the new development stage of foreign trade and the vivid practice of implementing the new development concept." Ren Hongbin, Vice Minister of Commerce, said that China attaches great importance to the development of new foreign trade formats and new models. The Ministry of Commerce, together with various localities and departments, has continuously improved the policy system and optimized the business environment, promoting the cross-border e-commerce scale to increase nearly 10 times in five years, the market procurement and export to increase 5 times in six years, and the number of overseas warehouses has exceeded 2,000.