"The more honest the enterprise, the more convenient it is, and the more compliant the bank is, the more independent it is." based on this development logic, the Yantai Area of the Free Trade Zone and the Yantai Central Branch of the State Administration of Foreign Exchange took the lead in launching the "white list + mutual recognition of credit" mechanism in the province. Increased process reengineering and in-process and post-event supervision, implemented the implementation of "hard policies" in the form of "soft services", truly realized "reducing procedures, simplifying processes, and improving quality and efficiency", driving the rapid implementation of foreign exchange facilitation reforms, Bloom and bear fruit.
"In the past, we needed a lot of internal financial processing time and preparation of paper materials to process batch business, which took up a large part of the daily financial manpower. Now, when submitting the application for foreign exchange payment under the cargo delivery item of China Merchants Bank Yantai Branch through online banking, the You can upload the corresponding import customs information form, without other paper or electronic documents, and the remittance can be completed soon after the bank audits." Said the financial staff of Hongfujin Precision Electronics (Yantai) Co., Ltd.
From taking up a lot of manpower and material resources to completing the declaration online, this is behind the speed-up foreign exchange facilitation reform promoted by the Yantai Free Trade Zone.
Data show that from January to November this year, the Yantai area of the Free Trade Zone handled a total of 1,837 facilitation businesses, involving an amount of US$1.633 billion. The scale increased by 74.38% year-on-year.
Establish a "white list" evaluation index system
16 companies were listed
The premise of implementing the "white list + mutual credit recognition" mechanism is to determine the "white list". In view of this, the financial institutions in the Yantai area of the free trade zone classify the enterprises in the area according to the "white list" evaluation index system, and clarify the scope of enterprises that can enjoy the facilitation mechanism.
The Yantai Central Branch of the State Administration of Foreign Exchange guides banks to formulate quantitative evaluation standards for foreign-related enterprises in the free trade zone based on the classification results of foreign exchange bureaus, comprehensively considering business operations, industry characteristics, credit information and financial conditions, and will meet the requirements of "registered in the free trade zone and Continue to handle current account foreign exchange receipts and payments for more than three years", "The structure of trade receipts and payments is reasonable, and the structure of fund receipts and payments is reasonable and stable", "Has not been punished by foreign exchange bureaus at all levels in the past three years, and the foreign exchange management classification of trade in goods has continued to be Class A", etc. 7 Enterprises in the free trade zone that meet the above conditions are included in the candidate list.
Give full play to the advantages of the industry and insist on selecting the best from the best. In the specific operation, give full play to the bank's subjective initiative, and each bank recommends 3-5 "trustworthy" companies from the list of candidate companies according to its own business development. Give full play to the role of the industry's self-regulatory mechanism, and organize banks to further screen the recommendation list according to the self-regulatory mechanism of Yantai Bank's foreign exchange business and cross-border RMB business, and select enterprises with high-tech, characteristic industries, and outstanding main businesses. Currently, 16 companies have been selected for the No. 1 list A batch of "white lists". At the same time, formulate a "white list" release mechanism, publish it once a year, and publish a batch of batches that meet the standards. There is a phenomenon of shoddy and fake.
Break the boundaries of banks and implement mutual recognition of credit. "Whitelist" enterprises sign the "Enterprise Commitment Letter" with the handling bank, and the enterprise promises to consciously abide by the relevant laws and regulations of the state on foreign exchange management, to carry out various foreign exchange businesses in accordance with laws and regulations, not to use false contracts or construct transactions to handle business, and to receive and cooperate with the foreign exchange bureau 1. The bank inspects the various businesses of the unit.
"The 'white list' companies are recommended and screened by banks and released by Yantai Bank's foreign exchange business and cross-border RMB business self-discipline mechanism. It is a 'consensus' formed by all banks in Yantai City and a 'trustworthy' company recognized by all banks. Enterprises can choose a bank at will to handle innovative services including optimizing current account document review and using electronic documents.” said Yu Yingjie, Director of the Banking Division of the Finance Bureau of Yantai Development Zone.
document review process reengineering
The remittance business of 100 customs documents will be completed within half an hour
Large-scale foreign trade enterprises generally face problems such as many types of foreign-related business and large business volume. Previously, enterprises inevitably encountered troubles such as cumbersome, time-consuming and labor-intensive procedures when handling related businesses. Right now, the companies in the "white list" have gotten out of these "difficulties". The Yantai Central Sub-branch of the State Administration of Foreign Exchange, together with affiliated banks, reengineered the document review process for "whitelisted" companies, greatly improving the level of facilitation services.
The business handles "zero" materials. Enterprises on the "white list" do not need to submit any materials when handling foreign-related receipts and payments. Banks can directly conduct receipts and payments based on corporate instructions, and there is no need to supplement materials afterwards. It not only improves the efficiency of corporate accounting arrangements, but also saves a lot of preparation and delivery time for paper materials, optimizes the human and material resources of the company's daily financial work, and reduces operating costs.
Business handling "zero" errands. Enterprises on the "white list" do not need to go to the bank counter to handle income and expenditure business, but only need to submit an income and expenditure application to the bank through online banking or other electronic means to complete the business process, which effectively saves the labor cost and time cost of enterprises receiving and paying foreign exchange. The remittance business processing time for 100 customs orders has also been shortened from the previous two days to half an hour.
Funds are credited with "zero" delay. When handling foreign-related receipts and payments, the procedures such as the preparation of enterprise materials in advance, the bank's review and inspection during the event, and the supplement of enterprise materials after the event have been optimized to the greatest extent, realizing "insert entry and second remittance" of foreign exchange funds, forming a "more compliant and more convenient enterprise" "The virtuous circle, greatly improving the efficiency of foreign economic and trade activities of enterprises.
Focus on policy tracking and enterprise monitoring
Ensure "open, manageable, and effective"
"The successful implementation of the 'white list' mechanism has promoted banks from 'behavior review' to 'principle review', from 'pre-review' to 'post-check', improving the efficiency of corporate business processing and banking business processing and risk management. It has greatly shortened the processing time of foreign exchange payment and improved the timeliness of foreign exchange payment,” said Yu Yingjie.
A good mechanism must be solidly implemented in order to achieve twice the result with half the effort. The Yantai area of the free trade zone strengthens the supervision of banks' implementation of foreign exchange innovation policies, continues to track the implementation of policies, innovates the policy supervision mechanism, conducts real-time on-site supervision of banks with poor implementation of innovative policies, and holds quarterly meetings on the implementation of foreign exchange policies in the free trade zone The briefing will formulate a statistical system for foreign exchange business data in the free trade zone, report the implementation of bank facilitation policies on a monthly basis, and form a working mechanism of "annual on-site supervision + quarterly policy notification + monthly data statistics".
On the other hand, strengthen the precise monitoring of "white list" companies. Establish a "white list" enterprise sample group, innovate monitoring indicators according to the characteristics of enterprises in the free trade zone, and establish businesses covering subjects, operations, import and export, foreign exchange collection and payment, sales, employment, financing, trade credit, macro and micro risk management, etc. The monitoring system is based on the business system and monitoring system of the foreign exchange bureau, supplemented by the daily business monitoring of banks + industry dynamic analysis and judgment. Off-site monitoring is carried out on a monthly basis, and on-site research and verification are carried out according to the monitoring results.
Construct a "white list" enterprise file, collect six aspects of information such as basic information of the enterprise, trade structure, trade changes in the past two years, monthly monitoring, risk monitoring, and enterprise appeals on a monthly basis, and realize the comprehensive collection of enterprise information, which greatly improves the quality control of the enterprise. The analysis, research and judgment capabilities of "whitelisted" companies have achieved the unity of convenience promotion and risk prevention, ensuring "openness, control, and real results." (Reporter Liu Jie, correspondent Wang Cong, Yang Wenbin, Li Beibei)