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At a press conference, Kong Dejun, Director of the Department of Trade in Services at the Ministry of Commerce, disclosed that the Ministry is collaborating with relevant departments to devise policy initiatives aimed at boosting service exports, with an announcement forthcoming. On the financial front, the Ministry will bolster support for export credit insurance, refine policy targeting, expand financial services for SMEs, and streamline insurance service accessibility. Regarding regulatory facilitation, the Ministry will refine the bonded supervision system, facilitate personnel exchanges, promote inbound consumption, streamline service trade fund settlement, incentivize intellectual property transactions, regulate cross-border data flows, and expedite the growth of international data service businesses.
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