On April 2, the General Administration of Customs piloted the electronic reform of tax guarantee in the field of cross-border e-commerce retail import in some customs districts. While supporting the electronic transmission of guarantee data, it can also support the universal use of the letter of guarantee in customs districts, effectively improving the security and convenience of the use of the tariff letter of guarantee. Minsheng Bank actively cooperated with the reform process of customs tax bill guarantee electronization, gave full play to its professional advantages in the field of tariff guarantee, adhered to innovation leadership and technology empowerment, and simultaneously launched cross-border e-commerce electronic guarantee. On the first day of the pilot project, Minsheng Bank cooperated with several customs districts to assist enterprises in the issuance of multiple cross-border e-commerce electronic letters of guarantee. The convenient letter of guarantee issuance process and efficient use experience were highly recognized by customs and enterprises.

In recent years, in order to improve the level of trade facilitation, the General Administration of Customs has continued to promote the reform of customs tax guarantee. Minsheng Bank has followed the pace of reform, continued to innovate financial service products, and achieved electronic transmission of customs bond filing, modification, cancellation, compensation and other businesses through the electronic transmission direct system with the General Administration of Customs, the People's Bank of China, the State Port Administration Office and other units, It greatly improves the security and convenience of the tariff guarantee. This time, Minsheng Bank actively implemented the reform pilot work, realized the electronic transmission of cross-border e-commerce guarantee data, expanded the electronic guarantee service to cross-border e-commerce industry enterprises, and effectively solved the problem of small import volume and high frequency of cross-border e-commerce industry enterprises, as well as the frequent transmission of tariff guarantee, which led to high manual operation and verification costs. Minsheng Bank also continues to enrich online processing channels, optimize enterprise business processing experience, support enterprises to initiate business applications through online banking, China International Trade Single Window and other online channels, and achieve online and paperless processing of the whole process of tariff guarantee business.

At the same time, Minsheng Bank also actively practices inclusive finance to enhance the sense of access of small, medium-sized and micro foreign trade enterprises to financial services. At the end of 2023, with the support of the data center of the General Administration of Customs, Minsheng Bank will give play to the advantages of data interconnection with China's international trade single window, build a scenario model for import customs clearance and tax payment, launch the "customs e-pass" product for small, medium-sized and micro import enterprises, support the online way to verify credit for enterprises, and specifically use it to handle the customs guarantee business, with a maximum credit line of 10 million yuan, The credit term is up to 2 years. Since the launch at the end of last year, there have been 100 applications from enterprises, and the approved amount is nearly 300 million yuan. By providing guarantee for the import customs clearance and tax payment of small, medium-sized and micro enterprises, enterprises can enjoy the convenience of customs clearance before tax payment, tax collection and payment, tax deferral period, etc., reduce the tax burden on enterprises' funds, shorten the time for customs clearance of goods, accelerate the payment collection of imported goods, and improve the level of tax payment facilitation for enterprises, Thus, the dividend of customs reform policy will benefit small and medium-sized enterprises.

In the future, Minsheng Bank will also continue to strengthen product innovation, continue to deepen digital transformation, continue to use high-quality financial products to serve the country's overall foreign trade stability, and play an active role in improving the level of trade facilitation.

Mou Yuanyuan

Edit tax culvert month

Second instance Shuai Zonglin

Third instance Chen Qianxi