In order to enhance the international competitiveness of enterprises and promote the diversified development of regional economic formats, Fuzhou Area of Fujian Pilot Free Trade Zone and Fuzhou Economic and Technological Development Zone Branch of the State Administration of Foreign Exchange jointly promoted and guided Fuzhou Area of Fujian Pilot Free Trade Zone Branch of the Industrial and Commercial Bank of China to successfully handle the first offshore changing-hands import business of bulk commodities for Min Hai Petrochemical in Fuzhou Area of Fujian Pilot Free Trade Zone, with a total amount of CNY 23,844,400 in three transactions. This business is a successful case in which "governments, foreign exchange administrations, banks and enterprises" in the region jointly promote the new offshore international trade, boost the sound and continuous innovation of new foreign trade formats and models, and improve the implementation of trade liberalization and facilitation policies.

Source: WeChat official account of Fuzhou Area of Fujian Pilot Free Trade Zone.

Original link: https://mp.weixin.qq.com/s/vocQgCTkOrBdzGc2CHXJYA