To enhance the global competitiveness of local enterprises, the Tai'an branch of the State Administration of Foreign Exchange has implemented a series of targeted foreign exchange facilitation measures, ensuring that policy benefits are delivered promptly and effectively to export-oriented businesses.

"We've shifted from a passive model where businesses seek out policies to a proactive approach where we deliver them directly to where they are most needed," said Cheng Tao, director of the SAFE Tai'an branch. He emphasized the bureau's commitment to closing the policy implementation gap through a multi-tiered strategy.

As part of this effort, the bureau has established a dedicated foreign exchange service team that integrates both online and offline engagement. It also facilitates direct communication between regulatory authorities, financial institutions, and enterprises, streamlining policy interpretation and application.

Among the beneficiaries is TBEA Shandong Luneng Taishan Cable Co, a leading manufacturer of electrical equipment. The company had questions about policies concerning offshore procurement for overseas engineering projects. In response, SAFE Tai'an dispatched experts to clarify that such transactions fall within the scope of new offshore trade and are eligible for foreign exchange support. "The convenience in both policy and procedure allows us to better manage operations in complex global environments," a company representative stated.

Shiheng Special Steel Group, a top-500 Chinese private enterprise, also benefited from its designation as a high-quality enterprise, which exempts it from certain documentation requirements in cross-border refund processes. "The policy has saved us time and cut transaction costs significantly," said the company's finance head.

Since the beginning of this year, SAFE Tai'an has conducted 14 enterprise visits, resolving 10 key foreign exchange issues and delivering efficient, secure services to 149 qualified firms.