Enterprises with annual operating income of more than 300 million yuan and annual economic contribution of more than 10 million yuan will be given a certain proportion of special incentives according to the actual amount of foreign exchange received in offshore trade; explore the support policies for the new area of enterprise income tax and stamp duty that adapt to the innovative development of offshore trade; and explore the establishment of special needs research and consultation mechanisms...
"Several Measures to Promote the High-quality Development of Offshore Trade in the Lingang New Area of China (Shanghai) Pilot Free Trade Zone" was released yesterday (17th), and 24 measures were actively explored and practiced around promoting the agglomeration of offshore trade industries, supporting international settlement and financing facilitation under offshore trade, providing all-round services, and innovating regulatory models, further improving the energy level and quality of new international trade industries in Lingang New Area, and deepening the construction of the Offshore Trade Innovation and Development Practice Zone in the New Area.
Promote the further agglomeration of offshore trading industries
In June this year, the offshore trade innovation and development practice zone of the new area was officially inaugurated, and important platforms such as the offshore trade service center and the offshore trade innovation and development research base were put into operation. Since the beginning of this year, the new area has accelerated the landing and agglomeration of key traders, promoted the construction and operation of supporting service platforms, continued to promote the innovative practice of banks and traders in the area, and has attracted hundreds of well-known enterprises at home and abroad and top 500 enterprises to settle down and successively carry out offshore trade business; as of now, the number of enterprises involved in offshore trade and the scale of transactions have doubled compared with the previous year.
The release of the "Several Measures" is expected to promote the further agglomeration of the offshore trading industry. The new policy clearly states that it is necessary to further expand the types of businesses and support covered by the policy, while actively exploring and adapting to the innovative development of offshore trade tax system arrangements, for enterprises with annual operating income of more than 300 million yuan, annual economic contribution of more than 10 million yuan, or enterprises that have made significant contributions to the Lingang New Area, according to the actual amount of foreign exchange received in offshore trade, a certain proportion of special incentives will be given, so as to promote existing enterprises to expand the scale of offshore trade, expand new businesses in offshore trade, and attract more heads and key traders to settle in Lingang.
"We will introduce oil, gas, photovoltaic materials and other businesses to Shanghai, hoping to land the first order next year and achieve a good start to offshore trade." At the press conference, the Management Committee of Lingang New Area signed cooperation agreements with 9 key enterprises such as GCL Group. Sun Wei, vice chairman of GCL Group, said that the new policy of Lingang New Area is "opportune", in the context of the Belt and Road Initiative, GCL has actively invested in overseas oil and gas projects, engaged in a large number of offshore trade in Hong Kong and Singapore, and facilitated the return of related businesses to China and Shanghai after the implementation of supporting policies.
GCL Group plans to focus on oil business in the next two years, and establish a professional team of trading, marketing, risk management, capital management and international and domestic trade integration operation platform, with a planned trade volume of 8 million tons.
According to the "14th Five-Year Plan" for the Development of New International Trade in Lingang New Area, during the "14th Five-Year Plan" period, Lingang New Area should accelerate the large-scale development of offshore trade, and the average annual growth rate of offshore trade transactions will be 30%. In order to further promote the agglomeration of offshore trade industries, the "Several Measures" also proposes to actively explore the support policies for the new area of enterprise income tax and stamp duty that adapt to the innovative development of offshore trade.
"We are also currently considering launching a high-energy 'Best Trading Partner' and a 'Key Trader Incubation Program' to help smaller companies that are already able to grow bigger and stronger." Tang Peng, deputy director of the Golden Trade Department of the Lingang New Area Management Committee, said.
Tailor-made, individual solutions to meet the needs of your business
Just after the meeting, many companies also carried out the first exchange with the bank for the first time. The highlight of their focus is that the "Several Measures" encourage and promote banks in the new area to independently optimize the audit process and provide better and more convenient cross-border financial services for honest and compliant trading enterprises. At the same time, we will promote case analysis and research, and tailor personalized solutions to meet the diversified development needs of enterprises.
To accelerate the large-scale development of offshore trade, it is necessary to solve the problem of authenticity review and supervision of offshore trade. "Offshore trade is 'two ends out', logistics do not go through the country, how to judge it is a real transaction?" Wang Jinwen, general manager of the transaction banking department of the Shanghai branch of the Bank of China, said that the capital flow, document flow and information flow of traditional trade match, while offshore trade is "two ends outside", the order flow, the flow of goods and the flow of funds are separated, the flow of goods is not in China, the flow of funds is in the country and abroad, and there is no basic transaction information such as customs declaration to the bank to support the review.
"Different industries have different offshore trade models, transaction documents, settlement methods, in view of the needs of the special transaction model, the Lingang New Area Management Committee will convene the relevant management departments, banks, professional institutions, everyone will sit down together to discuss whether the special model is reasonable and feasible." Wang Jinwen believes that the highlight of "Several Measures" lies in the personalized service mechanism. Through the management department and professional organizations, "as long as we ensure that the needs of this enterprise and the actual background are real and reasonable, we can support it." ”
In terms of innovative regulatory models, the new area will use the integrated information platform to dock and integrate data resources from all parties, closely follow the development goals and actual needs of offshore trade in the region, and orderly promote the construction of an information sharing platform. Tang Peng revealed that at present, the new area is beginning to connect with the "offshore pass" of the free trade zone, gradually exploring the management model of combining the "negative list + positive list", and implementing the classification supervision of the main body.
On the same day, the Shanghai Municipal Banking Association also issued the "Banking Industry Supports the Development of Offshore International Trade Financial Services Initiative in the New Area", and signed a strategic cooperation agreement with the Management Committee of the New Area and the Lingang Group to work together in financial services, institutional innovation, enterprise cultivation, and scientific and technological empowerment to promote the innovative development of offshore trade in the new area to a new level.
Author: Zhu Yue
Editor: Shi Bozhen