The "Bohai Bank Customs Duty Express" has officially gone live, marking another significant initiative by Bohai Bank to promote cost reduction and efficiency enhancement for foreign trade enterprises and to drive the high-quality development of new foreign trade formats. Following the introduction of distinctive cross-border financial products such as "Bohai Global Express Remittance," Bohai Bank has actively responded to the national call for financial support to stabilize foreign trade. With the support and guidance of relevant departments and the People's Bank of China, and aiming for the "construction of a higher level open economic new system" proposed at the third plenary session of the 20th Central Committee, Bohai Bank has launched the "Bohai Bank Customs Duty Express" product. This product integrates customs facilitation measures with the bank's comprehensive financial service solutions, and has launched the electronic payment of customs duties across all customs districts of the bank, enhancing key functions such as electronic customs bonds and electronic customs bonds for cross-border e-commerce.
As the only nationwide joint-stock commercial bank headquartered in Tianjin, Bohai Bank has always been committed to the development of Tianjin, implementing the "Ten Actions" and leveraging its geographical advantages to support the development of port economy and explore new models of shipping finance in Tianjin. The launch of "Bohai Bank Customs Duty Express" is another important step in facilitating cost reduction and efficiency enhancement for foreign trade enterprises and promoting the high-quality development of new foreign trade formats.
Efficiency and agility promote the facilitation of cross-border trade. The electronic payment of customs duties, facilitated by the horizontal networking between customs, the treasury, and Bohai Bank, enables efficient transmission of customs duty information among these entities, allowing enterprises to handle signing, electronic tax payment, and result inquiries in one stop. According to the bank's management, Bohai Bank's Customs Duty Express has taken a year to develop and has participated in two acceptances by relevant departments and the treasury, rapidly expanding the national coverage of electronic payment of customs duties. Since its launch, it has added electronic payment functions in 33 customs districts, with more than a hundred customers signing electronic payment agreements. The electronic customs bond service launched by Bohai Bank in sync can exchange data with relevant departments in real-time during the processes of record-keeping, modification, revocation, and claim, ensuring the efficiency and information security of customs bond services. On the other hand, it can effectively reduce the capital occupation caused by enterprises paying customs duty deposits, allowing them to enjoy the convenience of "release first, pay later" for goods. After paying the duties, the bond limit can be reused, reducing the customs clearance burden on enterprises and accelerating capital turnover. At the same time, Bohai Bank has also actively participated in the electronic reform of tax bond guarantees in the field of cross-border e-commerce retail imports. The cross-border e-commerce customs bond has been launched, supporting online handling by enterprises through online banking, which is in line with the characteristics of small amounts and high frequency of customs declaration and tax payment of cross-border e-commerce enterprises. It adopts an integrated centralized processing model to save the operational cost of enterprises' cumbersome customs clearance processes.
A company in Tianjin, which focuses on the import and sales of strategic resource gold concentrate powder, was one of the first customers to experience the electronic customs bond. The financial staff applied for the bond online through the new version of Bohai Bank's corporate online banking, and the approval process was efficient and smooth. The electronic record-keeping saved time and effort, and the customs bond was issued and successfully recorded in just half a day, allowing the enterprise to use the bond for customs clearance immediately. In Shenzhen, an electronics manufacturing enterprise with high-frequency customs declarations has high requirements for the security and timeliness of tax payment services. After understanding that the "Bohai Bank Customs Duty Express" product meets its needs, it signed an electronic payment agreement with Bohai Bank in the Shenzhen customs district after the launch, and paid more than ten taxes on the same day, with an amount exceeding 100,000 yuan.
In the process of moving from a trading power to a trading powerhouse, Bohai Bank, as a "new force" in state-owned financial institutions, fully exerts its youthful vitality and latecomer advantages, and practices an international strategic layout, continuously breaking through in cross-border financial services. In the future, the bank will continue to focus on "serving the real economy," continuously study the needs of foreign trade customer groups, integrate into cross-border financial characteristic scenarios, and comprehensively use the three basic international business products of "Bohai Bank Customs Duty Express," "Bohai Global Express Remittance," and "Bohai Bank Risk Aversion" to enhance the bank's financial service opening capabilities and cross-border financial service capabilities, striving to create a new international business model that is compatible with a higher level of economic opening and a new dual circulation development pattern.
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