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Home >> NEWS >> Market News >> Printing and packaging enterprises RMB poor pilot |
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After nearly a year of pilot work, the scope of cross-border trade, the RMB settlement of the first expansion of the pilot. This year in June, 6 Department issued "on the expansion of cross-border trade, the RMB settlement of issues related to notice the pilot." With the July 2009 launch cross-border trade, the RMB settlement than when the pilot, the pilot outside the settlement area, the domestic scope of pilot areas and clearing operations have greatly increased.
China is the world's major printing base, export processing the printing industry in China last year more than 630 billion yuan in output value, the policy for China's export-oriented printing companies will have any effect? Undeniable, the pilot will help to expand the printing business "to go out "will help enterprises to avoid exchange rate risk, reduce exchange rate costs and simplify export procedures. But companies still actually use all the RMB settlement barriers, such as whether to accept foreign customers, and the supporting policy can keep up, whether the internationalization of RMB.
Policy: the first significant expansion of the scope of the pilot
○ geographic expansion outside the settlement to all countries and regions
○ national pilot areas expanded to 20 provinces (autonomous regions and municipalities)
○ settlement extended to trade in goods, services, trade and other current
Ministry of Commerce Website June 24 issued an "expansion of the pilot cross-border trade, the RMB settlement of the issue of notice" (hereinafter referred to as "the" Notice ""), the notice by the People's Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs State Administration of Taxation, China Banking Regulatory Commission jointly issued 6. Pilot cross-border trade, the RMB settlement expansion mainly in the following three aspects.
First, the cross-border trade, the RMB settlement outside the pilot area greatly expanded, from Hong Kong and Macao, the ASEAN region, extended to all countries and regions.
Second, the cross-border trade, the RMB pilot substantial expansion of domestic pilot areas, from Shanghai and Guangdong Province (only in Guangzhou, Shenzhen, Zhuhai, Dongguan City pilot 4) 2 provinces (cities), extended to Shanghai, Guangdong, Beijing, Tianjin, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Jiangsu, Zhejiang, Fujian, Shandong, Hubei, Guangxi, Hainan, Chongqing, Sichuan, Yunnan, Tibet, Xinjiang, and other 20 provinces (autonomous regions and municipalities).
Third, cross-border trade, the RMB clearing business pilot was expanded from the main settlement of trade, be extended to imported goods, trade in services, trade and other cross-border clearing and other current business.
Pilot implementation of pilot cross-border trade, the RMB business management system, provinces (autonomous regions and municipalities), and cities will coordinate the local government authorities in accordance with relevant provisions of recommendation pilot enterprises, 6 departments in total control of the pilot enterprises under the premise of the list of validation. Validated after the pilot enterprises with RMB's export trade in goods for export in accordance with relevant provisions of the customs formalities, enjoy Refund (exemption) policy. According to media reports, the pilot enterprises all over the declaration of the ongoing work.
In addition, the "notice" also provides, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Guangxi, Yunnan, Tibet, Xinjiang borders eight provinces (regions) of enterprises with import and export business, you can specify the port and its neighboring countries in general trade and border trade of export goods in accordance with the "cross-border trade, the RMB settlement pilot management approach" to carry out RMB pilot.
Survey:
India last year, two pilot enterprises without a business
○ 7 家 printing and packaging enterprises in the last year as a pilot enterprises
○ first pilot region of foreign enterprises the main business area is not printed
Public reports indicate that cross-border trade, the RMB settlement of a small pilot fruitful year. RMB settlement to the amount of cross-border trade talk, as of May 21 this year, the Haida 11.5 billion; as of June 20, Guangdong, 430 million. But for printing enterprises, the year the situation is difficult to be optimistic about the pilot.
Last year, 365 were classified as pilot companies, there are seven for the printing and packaging companies, all in Guangdong. They are: Hung Hing Printing (China) Co., Ltd., Star Printing (Shenzhen) Co., Ltd., Li & Fung Accor Printing (Shenzhen) Co., Ltd., Shenzhen, China Power Packaging Co., Ltd., Guangzhou Bullock Packaging Container Co., Ltd., Dongguan new Island Printing Company Limited, Wing Fat Printing (Dongguan) Limited.
"China Press reported that" an interview with one of four companies. Two companies received a newspaper reporter sent by fax or by telephone interview outline description of interviews with intent, it did not give any reply; while the other two in a telephone interview the pilot enterprises, told reporters, one of the pilot enterprises to become does not know, the second is a cross-border trade has not settled in RMB business.
Analysis of the pilot year, the RMB settlement of accounts do not use reason, Dongguan new Island Printing Co., Ltd. Deputy General Manager Qiuxing Ming in the "China Press reported that" a telephone interview, said that as the first pilot in the ASEAN region outside the volume of business and not; companies large volume of business in the United States, but can not be settled in RMB.
This should not be a case. It is understood that the printing industry in China's export business mainly in Europe, the Americas and Africa, very few Fenbu overseas settlement in the pilot last year, the ASEAN Regional Di Yu. Therefore, even if they are classified as pilot enterprises, few printing companies can really use the RMB settlement of cross-border trade.
Delicious Down? Can bring several benefits for the printing business
○ avoid exchange rate risk
○ reduce exchange costs
○ simplify export procedures
Outside the settlement last year with limited geographical and national pilot areas this year compared to the substantial expansion of the scope of the pilot, no doubt will make more trades, more businesses to benefit from this course include increasing the export value of the printing industry. For the experience of the international financial crisis of the export-oriented printing enterprises, the policy seems to be a delicious dish.
RMB settlement of the so-called cross-border trade, that is, when the use of import and export customs clearance and settlement of RMB. Prior to this, the main settlement currency in international trade in U.S. dollars or euros, exchange rate fluctuations in the printing business are often affected by the actual revenue. If the parties can accept RMB cross-border transaction settlement, printing companies can not only avoid the risk of exchange rate fluctuations, exchange rate can reduce costs and simplify export procedures.
First, companies can avoid exchange rate risk. Shanghai Printing Group Co., Ltd. Deputy General Manager in charge of international trade affairs, Wang Yuan Kang in the "China Press reported that" a telephone interview, for example, such as when an export contract for the $ 50,000 payment, then the dollar and the RMB The exchange rate is 1 ︰ 10, this payment can be equivalent to 500,000 yuan. However, when the goods back section 90 days after departure, the RMB appreciation, the exchange rate becomes a 1 ︰ 9, that same $ 50,000 when the purchase price, the actual can only be equivalent to 450,000 yuan, 50,000 yuan a whole has shrunk. If this payment and the settlement of the offer are in RMB, China's enterprises can avoid the risks of such exchange rate changes.
Second, companies can reduce exchange rate costs. Assistant General Manager of Beijing Hualian Printing Co., Ltd. PLANNING CONSIDERING told the "China Press and Publication News" reporter, the dollar and the euro for international trade in the printing business when the main settlement currency, printing companies to exchange RMB for foreign exchange when the dollar or the euro, give the bank the money for fees. If you can directly use the RMB, then save the expenses.
Again, companies can simplify export procedures. PLANNING CONSIDERING said: "Now cross-border trade in the customs, tax and other sectors are in U.S. dollars, if calculated in RMB, would not have converted a back and forth." Also, according to relevant provisions of the pilot enterprises are not included in cross-border trade, the RMB settlement of foreign exchange verification procedures, customs and export goods for refund (exemption) is not required to provide foreign exchange verification form, which greatly simplify the procedures for export business.
Almost tasteless? Pilot areas this year, prices will be printed as a part of alternative
○ the most difficult to convince customers to accept as
○ adhere to the RMB settlement or lost orders
○ worried about supporting policies such as export tax rebates can keep up with
Although the cross-border trade, the RMB settlement of printing enterprises have all these benefits, but cross-border trade, the RMB settlement may not, as well as people think. In the "China Press reported that" a telephone interview, part of the pilot areas in the printing business stakeholders placed in the policy aspirations, but also expressed their various concerns. Although they will actively apply for pilot enterprises, but also said, "for the cautious and see attitude", "to use as an alternative." Is the printing enterprises, using the RMB settlement is really a "tasteless but wasteful to discard," the tasteless?
Convince customers to accept RMB into the most difficult. Shanghai Printing Group Co., Ltd. Pan Xiaodong Consultant Customer does not accept RMB fear will cause the loss of overseas orders. "China Press reported that" reporters that the relevant policy background, Xiao-Dong Pan, said: "The government's subjective intent is to protect domestic businesses more, as cross-border trade can avoid exchange rate risk. But the key is who should bear the exchange rate risk, if Chinese enterprises do not undertake, you have to partner commitment, so put the risk onto the customer. Now the international printing market oversupply, offshore printing market is transferred to Eastern Europe and Southeast Asia. We are in a passive position and too likely to stick with the RMB settlement will cause the loss of orders. "
While the Shanghai Printing Group interview, deputy general manager Wang Yuan Kang said the company might apply for pilot enterprises, but only as an alternative. He said: "If you can directly use the RMB, of course, is a good thing, but if you can use the RMB to the final settlement will depend on whether the customer accepted. If we persist in using the RMB, the customer will be orders to Thailand, Indonesia, etc. country. "
Also can print to keep up with supporting policies are concerned. PLANNING CONSIDERING that although there have been around to see the pilot on cross-border trade expanded RMB business, reported first, but they still do business with the company from the bank that, at least for now Beijing has not yet introduced specific rules for the operation. Other media reports, with the RMB settlement in accordance with relevant provisions of the export trade to enjoy the rebate (exemption) policy, but the actual number of pilot areas has not yet started.
Solution: RMB "going out" will take time
○ other countries to allow the RMB settlement
○ cross-border banks to conduct renminbi business credit
"RMB is not in the international market in hard currency, the real cross-border trade, the RMB settlement also requires a process." Wang Yuan Kang points to cross-border trade, the RMB settlement of the key. After all, the currency of payment of RMB is not an international, European and American customers for the international status of the renminbi also holds a certain skepticism, they are used to a dollar, the euro settled the trade, the use of RMB each other is difficult to accept.
In addition to the concept of problem customers, but also a bank dimensions. Although this year outside of cross-border trade settlement in RMB clearing pilot was extended to all countries and regions, but not all countries and regions, banks have yuan. Nanjing Amity Printing Co., Ltd sales manager Geng Xingguo example: "I am responsible for the company's business in South Africa, I have been to South Africa, where the banks simply do not RMB RMB customers, how to use it?"
In this regard, the Ministry of National School of Administration policy consulting researcher, deputy Renchen Bing was recently written that the RMB to expand the scale and scope of international settlement, it is necessary to resolve international institutional arrangements that allow the Renminbi to the other country that allows open RMB accounts in China to allow RMB back, especially cross-border banks to conduct renminbi business credit. Otherwise, the normal fluctuation of RMB exchange rate against the U.S. dollar, the RMB is difficult to expand the international settlement business.
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