During the Expo, Huaihua Branch of the State Administration of Foreign Exchange carried out activities at the Financial Exhibition Area and some other exhibition areas to popularize foreign exchange business knowledge to the participating enterprises and individuals on international balance of payments, goods trade, service trade, and personal foreign exchange, etc. The focus was on promoting facilitation policies of trade foreign exchange for high-quality enterprises and on providing professional foreign exchange business guidance and consulting services for enterprises and individuals. Over 3000 promotional brochures were distributed and more than 200 inquiries were received, effectively promoting knowledge of foreign exchange business, delivering the dividends of foreign exchange policies, and helping enterprises better carry out cross-border trade.
Since the beginning of this year, in order to promote the integration of Huaihua into the national "13+2" Western Land-Sea New Trade Channel and better play the role of foreign exchange policies in promoting the development of foreign-related economy, Huaihua Branch of the State Administration of Foreign Exchange has formulated “Implementation Opinions on Further Promoting High-quality Development of Huaihua’s Open Economy”, focusing on ten aspects such as “promoting the facilitation of income and expenditure, further expanding the pilot scope and efficiency of facilitation policies”, “strengthening platform construction, further unblocking financing channels for foreign-related enterprises”, “consolidating foreign exchange cooperation, and further promoting enterprises’ importing and exporting business”,etc. From January to April, the foreign-related income and expenditure of Huaihua increased by 19.7% year-on-year, among which the foreign-related income and expenditure to RCEP member countries increased by 78.8% year-on-year.
(Translated by Chen Min)