financial Associated Press (Shenzhen, reporter Ding Rong) on the evening of August 12, the general office of the State Council issued the opinions on further stabilizing foreign trade and foreign investment (hereinafter referred to as the opinions), which proposed to support the development of new trade formats and cross-border e-commerce platforms Cross border logistics development and overseas warehouse construction. "This policy is a huge support for the development of cross-border e-commerce. Many foreign trade is blocked in the face of the epidemic. Cross border e-commerce should play a greater role in stabilizing foreign trade." Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, said in an interview with the financial associated press on August 13
for the opinions issued this time, the relevant person in charge of Jihong Co., Ltd. (002803, SZ) said in an interview with the financial associated press on the morning of August 13, "the company has innovated in the cross-border e-commerce model, has always paid attention to the industry policies, and will further study the new policies."
according to the opinions issued by the general office of the State Council, we will promote a new batch of market procurement trade mode pilots in places where conditions permit as soon as possible, and strive to expand the total number of national pilots to about 30, so as to drive the export of small, medium-sized and micro enterprises. Make full use of existing channels such as special funds for foreign economic and trade development and service trade innovation and development guidance fund to support cross-border e-commerce platforms, cross-border logistics development and overseas warehouse construction. The export import bank, China Export Credit Insurance Corporation and other financial institutions are encouraged to actively support the construction of overseas warehouses on the premise of controllable risks
<span bdsfid="67"class="bjh-p> from the development status of cross-border e-commerce, the current amount is small, but the growth is fast. In the past, cross-border e-commerce was in a subordinate position, and the general trade has the nature of cross-border e-commerce, but it is only the online of offline trade. Now the independent cross-border e-commerce is playing a more and more important role, and this business form will have a broader development space in the future." Bai Ming said
the reporter learned that since the COVID-19, Global trade has suffered heavy losses, but cross-border e-commerce has become an important highlight of foreign trade growth, and the growth rate in the whole foreign trade has been far ahead. Since June, China's imports and exports have both achieved positive growth, and exports also achieved double-digit growth for the first time in July. In recent years, policies have frequently released positive signals to the cross-border e-commerce industry, guiding the industry to rapid development. According to the data of ecosoc.com, from 2013 to 2019, China's export cross-border B2C increased from 0.38 trillion yuan to 1.73 trillion yuan, with a compound annual growth rate of 28.7%, and the proportion of cross-border e-commerce in exports increased from 14.1% to 21.5%
at present, A-share cross-border e-commerce related companies mainly include Jihong shares (002803. SZ), Xinghui precision (300464. SZ), cross-border communication (002640. SZ) and Tianze information (300209. SZ). In the first half of this year, many listed companies in the cross-border e-commerce industry handed over beautiful transcripts. According to the performance forecast for the half year of 2020 disclosed by Jihong shares, the company is expected to realize a net profit attributable to the parent company of 253 million yuan to 261 million yuan in the first half of 2020, which is expected to increase by 71% to 76% over the same period of the previous year. Among them, the company's performance in the second quarter of 2020 is particularly bright. It is expected to realize the net profit attributable to shareholders of listed companies from 179 million yuan to 186 million yuan in the second quarter, an increase of 138.05% to 147.89% over the same period of the previous year. According to the performance forecast of Tianze information, the net profit attributable to the parent company in the first half of the year is expected to be 68 million yuan to 85 million yuan, with a year-on-year increase of 4.53% to 30.66%
for preferential policies on export tax rebate, Jihong shares answered investors on the interactive platform, "many of its subsidiaries engaged in cross-border e-commerce enjoy preferential income tax policies. The income tax rate of Hong Kong jikeyin, Hong Kong jinyinke and Hong Kong danjun is 16.5%, and Xi'an jinyinke and Xi'an danjun enjoy 15% preferential income tax policies due to the western development policy."
Bai Ming said, "in addition to the preferential income tax policies, the policy support for the development of cross-border e-commerce also includes providing more convenience for industry enterprises and platform construction. The continuous shortening of delivery time and overcoming logistics obstacles are particularly important for cross-border e-commerce enterprises and will provide more dividends for the development of industry enterprises."