On September 5, the State Administration of Foreign Exchange (SAFE) issued a draft notice soliciting public opinions. The notice encourages banks to extend the facilitation policy for trade foreign exchange receipts and payments, originally designed for high-quality enterprises, to encompass a broader range of entities involved in emerging trade models. These include cross-border e-commerce platforms, comprehensive foreign trade service enterprises, as well as the micro and small e-commerce businesses they serve.

This initiative is aimed at further streamlining the settlement process for foreign exchange funds and bolstering the steady growth of foreign trade. Additionally, when processing relevant foreign-related trade receipts and payments, banks are mandated to specify the business type in the remarks section of the foreign-related receipts and payments declaration form. This requirement ensures transparency and facilitates regulatory oversight.