1. Enterprises can log in to the website of the State Administration of Foreign Exchange Digital Foreign Exchange Management Platform (ASOne) and access the Goods Trade Foreign Exchange Monitoring System (Enterprise Edition) to handle online business such as trade credit reports. For specific operations, please refer to the “Digital Foreign Exchange Management Platform User Manual” in the “Common Downloads” column of the Digital Foreign Exchange Management Platform.
2. Enterprises can perform client environment settings, user management, and authority configuration from the day after the online business is opened. For specific operations, please refer to the “Foreign Exchange Application System Access Settings Manual” in the “Common Downloads” column.
3. ba users (business administrators) are business administrators of the platform. They can add/delete business operators, set business operator permissions, and reset business operator passwords for the enterprise. The organization code that enterprises need to enter when logging into the platform is the organization code of the enterprise, which can be obtained by intercepting the 9th to 17th digits of the unified social credit code.
4. Business operators are business operation users authorized by ba users. They can choose the Goods Trade Foreign Exchange Monitoring System to handle online business according to the permissions assigned by ba users.
5. Enterprises should strengthen their study of the regulations on foreign exchange administration for goods trade. For details, please refer to the Notice of the State Administration of Foreign Exchange on Issuing the Regulations on Foreign Exchange Administration for Goods Trade (Huifa [2012] No. 38), the Guidelines for Current Account Foreign Exchange Business (2020 Edition) and other relevant regulations in the “Policies and Regulations – Current Account Foreign Exchange Administration” column of the State Administration of Foreign Exchange website.
The State Administration of Foreign Exchange can go through the online government service system of the State Administration of Foreign Exchange or go to the State Administration of Foreign Exchange to handle the deregistration procedures:
① Termination of business or no longer engaging in foreign trade;
②) The business license is cancelled or revoked by the industrial and commercial administration department;
③ The foreign trade operation right is revoked by the commerce administration department.
(3) If an enterprise on the list falls under any of the following circumstances, the State Administration of Foreign Exchange may deregister it from the list:
① The circumstances specified in (2) exist;
② No foreign exchange receipts and payments for trade have occurred for two consecutive years;
③ When the State Administration of Foreign Exchange conducts on-site inspections on the enterprise, it is unable to contact the enterprise through the contact information listed in the enterprise registration information.
(4) Report Content
For any of the following businesses, enterprises shall, within 30 days from the date of the actual import or export or receipt and payment of foreign exchange, report the corresponding estimated receipt and payment or import and export date and other information to the local foreign exchange bureau through the monitoring system of the foreign exchange bureau for goods trade:
① Class A enterprises’ advance receipts and advance payments of more than 30 days (inclusive);
② Class A enterprises’ deferred receipts and deferred payments of more than 90 days (inclusive);
③ Class A enterprises’ import trade financing such as forward LC (including extensions) and overseas agency payments of more than 90 days (inclusive);
④ Class B and C enterprises’ advance receipts and advance payments during the effective period of classified supervision, as well as deferred receipts and deferred payments of more than 30 days (inclusive);
⑤ Class A enterprises’ business under the same contract for entrepot trade where the interval between receipts and payments exceeds 90 days (inclusive) and the amount of foreign exchange received under the item of first receipt and then payment or the amount of foreign exchange paid under the item of first payment and then receipt exceeds the equivalent of US$500,000 (inclusive).
(5) Other matters.
The foreign exchange receipts and payments of enterprises for trade shall have a real and legal transaction basis and be consistent with the import and export of goods. In principle, enterprises should handle foreign exchange receipts and payments for trade in accordance with the principle of “whoever exports shall receive the exchange, and whoever imports shall pay the exchange”.
The State Administration of Foreign Exchange divides enterprises into three categories, A, B and C, based on their compliance with foreign exchange management regulations, and implements classified management. It applies convenient management measures to the foreign exchange receipts and payments of Category A enterprises for trade, and implements prudent supervision for Category B and C enterprises.
The State Administration of Foreign Exchange conducts off-site monitoring of the foreign exchange receipts and payments of enterprises for trade, and conducts on-site verification and inspection when necessary. For those who violate the foreign exchange management regulations for goods trade, the State Administration of Foreign Exchange may take measures such as classification downgrade, punishment, inclusion in the negative information list, and notification to customs, taxation, commerce and other relevant departments to implement joint punishment.