Two Major Cases in Ningbo Area Selected as the First Batch of Top Ten Institutional Innovations in Zhejiang Free Trade Zone
- Details
- Category: Governmental News
- Published: Sunday, 11 April 2021 08:57
It was learned from the Municipal Bureau of Commerce on April 1 that the China (Zhejiang) Free Trade Zone announced the first batch of top ten cases of institutional innovation in 2021, and the two first cases in Ningbo area: the innovative mechanism of “remote review of port supervision” for ships of foreign nationality arriving in Hong Kong And "Foreign Exchange Manager" online one-stop service was successfully selected!
On September 21, 2020, the State Council issued
a notice on the expansion of the Zhejiang Free Trade Zone. Ningbo has 46 square kilometers of land, becoming a part of Zhejiang Free Trade Zone. Three days later, the Ningbo area was inaugurated, and Ningbo officially opened the "Free Trade Era".
Starting from a blueprint, the Ningbo area has been shown as "running." Since its listing for more than 170 days, Ningbo has actively promoted system innovation. The first two selected cases are the first in the country. Among them, the innovative mechanism of "port supervision and remote review" of foreign ships arriving in Hong Kong has also summarized and refined the "Ningbo Proposal" and transformed it into an international standard "Ningbo Plan".
Take the “remote review of port supervision” innovative mechanism for ships of foreign nationality arriving in Hong Kong as an example. This mechanism refers to the deficiencies found in the initial inspection during the period when foreign ships are under Chinese government supervision (Port State Supervision), and meet the requirements Inspectors may not board the ship (the international convention originally required that both the initial inspection and re-inspection of port state control should be implemented on board the ship) to verify the rectification of defects and to re-examine and close the mechanism.
It is reported that this move not only significantly improves the efficiency of port operations, but also effectively reduces the cost of detention for shipping companies. According to calculations by the person in charge of Ningbo Zhoushan Port's business department, this mechanism effectively avoided ship detentions and changes in production plans. The waiting time for a single vessel was reduced by an average of 10%, which significantly improved the efficiency of port production operations and effectively released economic benefits. Since the implementation of this mechanism, it has saved more than 15 million yuan in costs for shipping companies. While optimizing the port business environment, it has greatly enhanced the "hard core" strength of Ningbo Zhoushan Port and its image as a strong international port.
Up to now, the system initiated by Ningbo has been implemented in 21 member states (regions) across the country and the Asia-Pacific region. Since 2020, it has carried out a total of 298 remote inspections, verified and closed more than 1,100 defects. The “Ningbo Plan” is internationally recognized. Works well within the range.
Another innovative mechanism in the Ningbo area is the online one-stop service of "Foreign Exchange Manager", which can provide full-lifecycle exchange rate management, full-line extremely fast foreign currency credit and low-cost, extremely fast cross-border collection.
As of the end of 2020, the mechanism has served more than 30,000 foreign exchange customers, covering global multinational companies, Fortune 500 companies, regional leaders, and small, medium and micro enterprises. After 8 months of promotion, "Export Microfinance" has been approved by more than 1,000 customers, with an approved amount of over US$150 million, and the approval rate is 40%. The minimum US dollar financing rate is only 2%, which greatly reduces the credit loans of small and medium export enterprises. threshold. "Cross-border e-commerce collection" was launched for half a year, serving more than 1,200 customers and saving customers 2 million yuan in cost