Legal basis: Notice of the State Administration of Foreign Exchange on Further Promoting the Facilitation of Cross-border Trade and Investment.
On the basis of the pilot projects in Guangdong-Hong Kong-Macao Greater Bay Area, Shanghai and Zhejiang, the pilot areas for expanding the facilitation of foreign exchange receipts and payments of goods trade will support other areas to carry out pilot businesses such as optimizing the examination of foreign exchange receipts and payments documents of goods trade, canceling the registration of special foreign exchange refund business, and simplifying the verification of foreign exchange payment for imports.
Piloting the facilitation of foreign exchange receipts and payments in service trade. When qualified and prudent banks handle foreign exchange receipts and payments of service trade for domestic institutions with good credit, they can do so in accordance with the exhibition principle of "know your customers, know your business and conduct due diligence review". Promote electronic filing of foreign exchange payment for service trade, and realize electronic audit of banks through information sharing.