Government News
Chinese service platforms enhance global connectivity 2024-11-09
The ongoing 7th China International Import Expo witnessed a batch of initiatives to enhance cross-border trade, tax compliance and easy and reliable payment.
They fit well with the national strategies of high standard opening-up and help Chinese firms go global, analysts said.
A new cross-border tax research alliance was announced at the CIIE.
Debut of an alliance for cross-border tax expertise
A new cross-border tax research alliance aims to provide expert guidance on international tax matters. It was founded during a China bilateral tax treaty case study seminar as part of CIIE's Shanghai Events and Conferences, which are comprised of nearly 100 events.
Sixteen people from all over the country were appointed as the first batch of experts. Lin Jianyong, a tax lawyer from the Shanghai Academy of Social Sciences, is the alliance's chief expert.
Speakers discussed tax treaties of global trade and activities during the seminar, hosted by Shanghai Huangtu Law Firm, under the guidance of the Shanghai Service Industry Federation.
Lin also addressed the complex challenges of global taxation, particularly in the context of the digital economy.
A visitor learns about YQN's upgraded logistic services.
Digital innovation drives logistics efficiency
YQN, a Shanghai-based global logistics digital service provider, released upgraded integrated logistic solutions at the CIIE. It offers professional and flexible services include sea freight and warehousing, and last-mile delivery services. By embracing digitization, YQN aims to offer more efficient and flexible services for its clients.
YQN's network now spans 25 branches across North America, Latin America, Europe, Southeast Asia, and the Middle East. The company's focus on digital innovation has enabled it to optimize operations and better serve clients in various industries, including automotive, manufacturing, furniture, and new energy.
YQN upgraded digitization processes to form a closed-loop service, including online price checking, online booking, online tracking, and online fulfillment. It also covers digital twin technology of overseas warehouses for cross-border e-commerce services, helping customers remotely visualize the management of inventories and quickly complete the shipment of different channels.
Firms were awarded for their professionalism in globalization services at the CIIE on Friday.
Globalization service providers awarded
At a CIIE forum on Friday, 10 platforms were awarded for their professional contributions for globalization services (e-commerce retail sectors).
They include SHEIN, MeetSocial, JD Logistics, Huifu and HSBC China, covering cross-border e-commerce, marketing, logistics, payment and finance services.
Huifu International, founded in 2016 by Shanghai-based Huifu, brings global payment resources to provide integrated fund management and data integration services for Chinese enterprises going global. Currently, Huifu has become a partner of e-commerce giants such as Amazon and Shopify, and gained overseas finance licenses such as Money Services Business (MSB) in the United States and HK's Money Service Operators (MSO). Its business has covered more than 150 countries and regions worldwide, creating solutions including foreign trade collection and rapid foreign exchange settlement ,for scenarios from cross-border e-commerce, air travel and studying abroad.
As China continues to deepen its integration into the global economy, service providers play a crucial role in facilitating cross-border trade and investment. By leveraging technology and international cooperation, these companies help Chinese businesses navigate the complexities of global markets and achieve sustainable growth.
Source: Shanghai Daily
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