Jiashan county’s first government-guaranteed exchange rate hedge business landing

2022-06-22 0 By

In order to further support our county’s foreign trade enterprises to better adapt to the new normal of two-way fluctuation of RMB exchange rate, improve the exchange rate risk management level of small and micro enterprises, and promote the sustainable, healthy and high-quality development of our county’s open economy.Jiashan county business bureau actively promote the implementation of small micro enterprise currency hedge credit, service work, and organize the county bureau of finance, the pedestrian jiashan county branch, part of the commercial Banks, government departments such as the financing guarantee companies and some of the foreign trade enterprises to participate in the financial power, head of the steady growth of foreign trade and government financing guarantee support small micro enterprise currency hedging policy announcement.Recently, Jiashan Rural Commercial Bank successfully handled the first government guarantee exchange rate hedging and credit enhancement business for a fastener enterprise in Jiashan County.By means of financial intervention, guarantee and risk sharing, enterprises can obtain a special quota, and they do not need to pay margin, occupy the original credit line of the enterprise, and do not need any cost when dealing with the hedging business of long-term foreign exchange settlement and sale. During the period of business validity, enterprises can handle it for many times and recycle it.In recent years, the exchange rate of RMB fluctuates frequently, foreign trade enterprises’ awareness of hedging the exchange rate increases, and their demand for long-term foreign exchange settlement and sale increases. However, due to the occupation of margin and other problems, many small and micro foreign trade enterprises’ exchange rate hedging business is affected.This exchange rate hedging business is a huge innovation of the county Commerce Bureau, People’s Bank of Jiashan County Branch, Jiashan Rural Commercial Bank, jiaxing small and micro enterprises credit insurance fund for small and micro enterprises exchange rate hedging services.Next, jiashan county business bureau will continue to implement the “zhejiang province people’s government office to give play to the role of government financing guarantee system to support small micro enterprise currency hedge credit service implementation opinion”, to encourage our county bank through the guarantee letter of guarantee issued by governmental financing guarantee companies, commercial Banks to avoid pay the security deposit for small micro enterprise deal with exchange rate hedging business,We will reduce the cost burden on small and micro businesses and enhance their ability to avoid foreign exchange risks.Declaration: The copyright of this article belongs to the original author, if there is a source error or infringement of your legitimate rights and interests, you can contact us through the mailbox, we will promptly deal with.Email address: jpbl@jp.jiupainews.com