Long Yongtu: China's cross-border e-commerce has a strong development momentum, and innovation should be deepened in three aspects

Prompt! The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)

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In just over a decade, cross-border e-commerce has become an important part of the entire trade development pattern. With such a strong momentum of development, where is the next step for the development of cross-border e-commerce? On May 10, at the opening ceremony of the 2024 Zhengzhou Cross-border E-commerce Conference, Long Yongtu praised that China's cross-border e-commerce is still in the process of rapid development, but it is still necessary to start from three aspects to deepen innovation and development.

Long Yongtu praised the Zhengzhou cross-border e-commerce conference as an important platform for the development of the industry

As a frequent visitor to the Zhengzhou Cross-border E-commerce Conference, Long Yongtu got straight to the point in his speech at the opening ceremony this time, becoming the "number one fan" of the Zhengzhou Cross-border E-commerce Conference, and praised Zhengzhou's contribution to the cross-border e-commerce industry.

"Today I am very pleased to participate in the '2024 Zhengzhou Cross-border E-commerce Conference', Henan's cross-border e-commerce conference is the first cross-border e-commerce conference in China, they started from the successful exploration of Zhengzhou cross-border e-commerce service city pilot, and constantly enrich the innovation, internationality and practicality of the conference.

Long Yongtu said that many data prove that cross-border e-commerce has become the fastest-growing, most potential, and strongest foreign trade format, and more importantly, cross-border e-commerce is still in the process of rapid development, showing its broad prospects in the high-quality development journey of foreign trade in the mainland.

"What's even more gratifying is that at present, the mainland has formed a comprehensive industrial ecosystem such as cross-border e-commerce platforms, cross-border e-commerce operations, cross-border e-commerce logistics, and cross-border e-commerce payments." Long Yongtu shared a set of data that there are currently 600,000 cross-border e-commerce related enterprises in the mainland, of which more than 75% were established within 5 years. "According to incomplete statistics, there are more than 10 million employees in the whole industry chain of cross-border e-commerce in the mainland, and the annual job demand is about 2 million. ”

However, although cross-border e-commerce has been making great progress, it accounts for a small proportion of total imports and exports. Long Yongtu believes that while the mainland's cross-border e-commerce is developing rapidly, it should still be noted that cross-border e-commerce accounts for only 5.7% of the mainland's total import and export, and there is obviously still a lot of room for development. "We must continue to promote institutional innovation, management and service innovation, promote the continued rapid development of cross-border e-commerce, and make new contributions to the high-quality development of the mainland's economy and foreign trade." Long Yongtu said.

Long Yongtu suggested strengthening the integration and development of traditional foreign trade formats and related service trade

In the face of the new international and domestic situation, how to deepen the innovation and development of cross-border e-commerce? Long Yongtu analyzed that in order to further accelerate the development of cross-border e-commerce, it is necessary to strengthen the integrated development of cross-border e-commerce, general trade and processing trade, and strengthen the integrated development of cross-border e-commerce and related service trade.

"In view of the fact that the main force of general trade in the mainland is the manufacturing industry, cross-border e-commerce should promote the transformation and upgrading of the manufacturing industry, and force the manufacturing industry to move from price and inefficient production to 'tailor-made' personalized production, so as to achieve diversified, low-volume, and high-quality production to meet the different needs of different consumer subjects." Long Yongtu believes that cross-border e-commerce should also accelerate the promotion of mainland manufacturing brands to go overseas, through China's overseas warehouses and cross-border logistics system, bypassing foreign middlemen or purchasers, and directly delivering Chinese products to consumers, so that they can be used more and gradually familiar with Chinese brands.

At the same time, cross-border e-commerce should actively integrate with processing trade, which is an important means of global industrial chain layout. "At present, the mainland's trade of intermediate goods (products used to produce other goods and services) has accounted for 70% of exports and 50% of imports, which shows the important role of processing trade in promoting China's integration into the world's industrial chain and high-quality economic development." Long Yongtu suggested that China's cross-border e-commerce should also enter more import and export trade of intermediate goods according to the actual situation, and improve the speed, accuracy and efficiency of processing trade through cross-border e-commerce.

In addition, Long Yongtu suggested that cross-border e-commerce should promote the integrated development of mainland services and service trade. He believes that cross-border e-commerce has driven the development of professional services such as cross-border logistics, cross-border payment, cross-border financing, insurance, as well as international trade, legal and tax services, with unprecedented development and scale.

"China's supporting services for cross-border e-commerce not only serve China's e-commerce, but also serve international e-commerce, and promote the export of mainland service trade. At present, we need to better connect these professional services to form a good service ecological environment conducive to the development of cross-border e-commerce in the mainland, so that our cross-border enterprises can go fast, stable and long-term. Long Yongtu said.

In terms of import management of cross-border e-commerce, Long Yongtu believes that it is necessary to further emancipate the mind and promote institutional innovation. "For example, cross-border e-commerce imports are now subject to positive list management, and the channels for importing goods are still subject to many restrictions, resulting in many consumers having to find another way, such as purchasing channels, this market is still quite large, and this part of the country's tax revenue is lost, and once the quality and safety incidents caused by this can not be traced, consumer rights and interests cannot be guaranteed." Long Yongtu said.

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Recently, the stock market continues to fluctuate, some criminals illegally make profits, harming the legitimate rights and interests of investors, I will increase the supervision of trading behavior, enrich the means of clue screening, make overall arrangements for special verification, strengthen the "penetrating" transaction monitoring, use multi-dimensional technical means to collect market intelligence, and carry out joint research and judgment with the Ministry of Public Security, and find a number of cases suspected of manipulating the market and malicious shorting.

An illegal gang controlled more than 100 securities accounts to manipulate a certain stock, used continuous pulling, reverse trading and other methods to affect the stock price, and then waited for the opportunity to clear the stock and smash the shipment, resulting in a flash crash and continuous decline in the price of individual stocks, with a total of 2.7 billion yuan sold and an illegal profit of about 130 million yuan.

The actual controller of an investment institution manipulated the prices of more than 20 stocks by suppressing stock prices, absorbing chips at a low level, and continuously pulling up, resulting in rapid fluctuations in the prices of individual stocks, and even extreme markets such as "sky flooring" within a day, from which the transaction illegally profited 140 million yuan.

A certain lawbreaker took advantage of his capital advantage and used hundreds of millions of yuan to frequently make false declarations for many futures products on the futures exchange, creating a false impression of trading, deceiving other investors, and taking the opportunity to sell them for a profit of more than 4,000 yuan.

The China Securities Regulatory Commission (CSRC) insists on responding quickly and resolutely investigating and dealing with illegal acts that affect the stable operation of the stock market and harm the legitimate rights and interests of investors.

Manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all stockholders, disrupting the normal rhythm of the healthy and stable operation of the stock market. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to illegally manipulate and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take the chestnut from the fire.

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Prompt! The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, decision-makers of local governments, express regulatory departments, express logistics operators, media practitioners, upstream and downstream operators of express logistics, owners of franchised outlets, express logistics practitioners with an annual salary of more than 300,000 yuan.

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