A special press conference was held in Zhongshan on stabilizing foreign trade and investment in the second quarter of 2022 with financial support on the afternoon of July 27.
In the first half of this year, Zhongshan's cross-border payments reached a record high, up 20.08% year-on-year, and the net inflow further increased, up 16.59% year-on-year.
By the end of June, banking institutions in Zhongshan had handled 2,064 transactions on facilitating foreign exchange payments for pilot enterprises, with a total amount of US$4.694 billion.
In June, Zhongshan Tongyi Trading Co Ltd became the first pilot enterprise in Guangdong engaging in offshore international trade to obtain the special trade qualification. From January to June, Zhongshan's cross-border payments for new business formats totaled US$1.08 billion, up 36.76% year-on-year.
Over the same period, banking institutions in Zhongshan handled 438 trade financing transactions for 101 foreign trade enterprises through cross-border financial service platforms, with a total amount of US$3.176 billion, ranking second in Guangdong (excluding Shenzhen).
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