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Cross border e-commerce ushers in intensive support policies

On May 12, the State Council issued an opinion on accelerating the cultivation of competitive advantages in foreign trade, requiring China to transform from a big trading country to a powerful trading country, vigorously promote the adjustment of foreign trade structure, improve the international competitiveness of foreign trade, and deepen the level of economic and trade cooperation with countries along the "the Belt and Road". This opinion proposes to vigorously promote the development of cross-border e-commerce, actively carry out the pilot work of comprehensive reform of cross-border e-commerce, and pay close attention to the study and formulation of guidance on promoting the development of cross-border e-commerce.
The agency believes that Hangzhou was approved as the first cross-border e-commerce comprehensive pilot zone in China in March this year. With the release of policy dividends and the maturity of the operation mode, the cross-border e-commerce comprehensive pilot zone is expected to expand. It is estimated that by 2016, the import and export volume of China's cross-border e-commerce will grow to 6.5 trillion yuan, with an annual growth rate of more than 30%, and the proportion of transaction volume in the total import and export trade will rise to 20%. The development of cross-border e-commerce will bring market development opportunities to enterprises engaged in relevant logistics services, platform construction and e-commerce platform operation.
According to the Shanghai Securities News, since this year, support policies for cross-border e-commerce have been intensively introduced, and related barriers have been gradually removed. On January 29, the State Administration of Foreign Exchange issued a notice on the pilot of cross-border foreign exchange payment business of payment institutions, raising the limit of single online shopping transaction from $10000 to $50000; On March 12, China (Hangzhou) Cross border E-commerce Comprehensive Pilot Zone was approved, becoming the first pilot city in China; On April 28, Premier Li Keqiang chaired an executive meeting of the State Council to deploy and improve policies related to the import and export of consumer goods, enrich the shopping choices of domestic consumers, reduce import tariffs on some consumer goods, adjust the scope of taxation, etc.
With the support and release of a series of policies, the barriers to payment, logistics, customs declaration and inspection in the development of cross-border e-commerce are being gradually eliminated. With the increase of market demand, the industry will usher in accelerated development opportunities. It is expected that the transaction scale of cross-border e-commerce will maintain an average annual growth rate of 30% in the next few years, and the proportion in the total import and export trade will increase significantly. At the same time, export e-commerce accounts for about 80% of cross-border e-commerce, which is expected to maintain a growth rate of 20% - 25% in the future, and will reach 6.64 trillion yuan in 2017.
As for the company, Sinotrade Logistics is mainly engaged in cross-border integrated logistics business, and has completed the application for cross-border e-commerce import logistics service team, license layout and international express license. The core business of Sinotrans development is air freight forwarding and express delivery business. It is actively planning cross-border e-commerce logistics services. In March this year, it cooperated with Yiwu in cross-border e-commerce business, and the company will continue to strengthen its efforts to promote the development of this business. Haining Leather City is mainly engaged in the business of store leasing and commodity sales of Haining Leather City. Recently, it announced that it plans to raise 1.74 billion yuan to increase the asset acquisition and subsequent project construction of Haining Leather City. The company said that the key Korean cross-border e-commerce platform is expected to be launched in July. Through rational cooperation with the largest welfare e-commerce in South Korea, it will ensure the advantages of the upstream supply chain. At the initial stage, the platform will focus on two major categories of authentic Korean trends and tourism products to achieve O2O experiential entertainment consumption. Later, it will not rule out replicating successful experience to other countries. In addition, since the launch of the company's Picheng financial P2P platform, the scale has risen steadily, and it is expected to reach 2 billion yuan in 2015, striving to reach the goals of 5 billion yuan and 10 billion yuan in 2016 and 2017.

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