Liangjiang strengthens bonded financial services

The State Administration of Foreign Exchange introduced a new application scenario on June 23 for its Cross-Border Financial Service Platform: the "Bonded Verification List Financing Settlement Service".

This innovative scenario facilitated its first transactions in Liangjiang New Area, achieving approximately $20.82 million in total receipts and payments.

This new scenario utilizes bonded verification list data and other bonded goods circulation information to provide banks with services such as document authenticity verification and over-quota checks for financing settlements during trade processing.

These features enable banks to enhance audit efficiency, reduce verification costs, prevent duplicate document usage, and mitigate business risks.

Liangjiang plans to continue exploring additional application scenario functions on the cross-border financial service platform. The goal is to deliver higher-quality, more convenient online cross-border financial services that support the region's economic development.