快速导航×

Analysis of China's Government Subsidy Policies During the COVID-19(Part.1)2020-06-10 10:37:56

Continue with the table:


Financial support

7. Increase financing support for foreign trade enterprises

7. Financial institutions in Shanghai are encouraged to increase their support for key foreign trade enterprises in epidemic prevention and control, and provide preferential interest rate loans to meet the reasonable capital needs of enterprises on the premise of comprehensively evaluating enterprise capital demand, market supply and demand, and effectively preventing credit risk. Foreign trade enterprises that are seriously affected by the epidemic and have development prospects but are temporarily trapped should be supported by changing repayment arrangements, extending repayment period and renewing loans without repayment of principal. We will support the Shanghai Branch of China Export & amp; China Insurance Co., Ltd. with banks and municipal policy financing guarantee funds to strengthen policy financing cooperation, give full play to the trade financing promotion role of sub insurance and credit enhancement, and expand the coverage of policy financing from enterprises with annual export of less than 5 million US dollars to less than 30 million US dollars (inclusive). The municipal policy financing guarantee fund increased the financing guarantee support for epidemic prevention materials and key foreign trade enterprises greatly affected by the epidemic situation. During the period of epidemic prevention and control, the financing guarantee rate for new loans applied by relevant enterprises was reduced to 0.5% per year, and the re guarantee rate was charged by half.

Responsible departments and units:  Shanghai Branch of the people's Bank of China, Shanghai Banking and Insurance Regulatory Bureau, Municipal Local Financial Supervision Bureau, Municipal Finance Bureau, Municipal Commission of Commerce, Shanghai Branch of China Export & Credit Insurance Corporation

Service support

8. Optimize cross border financial settlement services

8. Foreign trade enterprises importing materials for epidemic prevention and control, such as health and epidemic prevention and medical supplies, may, according to the principle of special cases and special handling, indicate "epidemic prevention and control" by the banks of this city, simplify the business process and materials of import purchase and payment of foreign exchange, and directly handle the procedures of purchase and payment of foreign exchange. Foreign trade enterprises applying for the registration of foreign exchange income and expenditure enterprises can directly log in to the "digital foreign exchange management" platform for online application after handling the registration of foreign trade operators, so as to realize all in one network without on-site verification, and the processing time is compressed to one working day. Domestic recipient institutions without donation foreign exchange accounts need not open new donation foreign exchange accounts if they accept foreign exchange donation funds from domestic and foreign countries involved in the epidemic. To facilitate the cross-border investment and financing business related to epidemic prevention and control, foreign trade enterprises can simplify and handle various capital account foreign exchange business online according to regulations. Other special foreign exchange business related to epidemic prevention and control may be handled by the city's banks in advance and reported afterwards.

Responsible unit: Shanghai Branch of safe


9. Promoting paperless handling of import and export licensing matters

9. Actively guide and encourage enterprises to apply for import and export licenses through paperless means. For import and export contracts with more contents and larger texts, enterprises can only upload the key pages of contracts involving import and export license application information. We will comprehensively expand the scope of e-Cert issuing and self printing services.

Responsible departments and units: Municipal Commission of Commerce and CCPIT


10. Improve the function of "single window" in international trade

10.   Shanghai international trade "single window" launched the overseas material donation system, integrated and optimized the donation acceptance and customs duty-free business process. We will promote the filing function of health and safety assessment reports for imported disinfection products. Open a special service window for small and medium-sized foreign trade enterprises, so as to facilitate enterprises to handle a package of import and export business such as customs clearance, logistics, finance and so on. Through the collection of information and data of the whole chain of international trade, it is convenient for banks and insurance institutions to carry out trade background audit, improve the convenience of enterprises to obtain loans, and provide green channel services such as preferential credit, cross-border remittance and financing. We will strengthen the online system services of credit insurance. Small and micro enterprises with export value less than US $5 million last year can go to Shanghai international trade "single window" to handle insurance, renewal, claim settlement and financing services.

Responsible departments and units: Municipal Commission of Commerce, Municipal Commission of health and health, Shanghai Branch of SINOSURE


11. Increase foreign legal aid and consulting services

11. Provide timely consultation, guidance and mediation services for disputes arising from contract performance and labor relations caused by the epidemic. Arbitration institutions and judicial appraisal institutions are encouraged to give priority to and accelerate the handling of cases involving enterprises seriously affected by the epidemic. Notarization agencies should give priority to providing notarization legal services for the related affairs related to epidemic situation, and reduce the notarization service fees for the key enterprises of epidemic prevention. For trade contract disputes caused by the epidemic situation, enterprises are supported to apply to trade promotion agencies and national industry organizations for the issuance of relevant facts. The parties and agents of international trade disputes are encouraged to give priority to Internet or mail service to submit arbitration and mediation applications. Support enterprises to carry out international economic and trade legal risk and compliance assessment, strengthen the tracking of international economic and trade policies and legal practice, regularly release through public platform, and release early warning information in advance.

Responsible departments and units: Municipal Bureau of justice, Municipal Commission of Commerce, Municipal council for the promotion of international trade

(Resource Document-issuing agency: Shanghai Municipal Commission of Commerce、Document No:Hu Fu Ban [2020] No.16、Published date:2020.03.13、File name:” COVID-19 policies issued by Shanghai Business Council to support the stable development of foreign trade enterprises”)