Recently, the Commerce and Financial Services Bureau of Kunming Area of China (Yunnan) Pilot Free Trade Zone (Kunming Economic and Technological Development Zone), in conjunction with the Cross-Border E-Commerce Platform Operating Company of Kunming Comprehensive Free Trade Zone (economic and technological development area), convened four cross-border e-commerce and logistics enterprises in the area to communicate face to face with banks to accelerate the implementation of the preferential policies for enterprises of semi-annual, quarterly or monthly cashing of incentive funds.

In order to provide more convenient services to enterprises, on the premise of ensuring the risk control of incentive fund cashing and enterprises fully enjoying the policy dividend, the banks will open the credit lines to enterprises that enjoy the policy and issue incentive funds to cross-border e-commerce enterprises that meet the incentive standards.

Next, the Commerce and Financial Services Bureau will continue to cooperate with platform operating companies to promote the implementation of relevant policies to shorten the cycle of incentive and subsidy funds for cross-border e-commerce enterprises, further strengthen enterprises’ confidence and help them develop new products and explore new markets.

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(Editors:Amy, Lexi)