Service Hotline：400-7111-069
Linkman：Mr. Liu
Cell Phone：137-5794-4762135-6697-3345
Tel：0579-853507800579-853507190579-85181669
E-mail：ywkk_88@sina.com
Address：No. 1, Building 88, Chunhan District 2, Beiyuan, Yiwu City (opposite to the Chengtou Group on Xuefeng East Road)
Dear customerSaudi Arabia's revised regulations:The goods contain unacceptable items, dangerous or dangerous goods, and fines will be imposed based on the value of the goods, and official invoices will be providedIn addition, we will blacklist senders who violate regulations. Please be aware that those who declare less or incorrectly are prohibited. All suspected and incorrectly declared products will be manually searched, and this process will be delayed for at least 3 working daysIn order to have a smooth customs clearance in Saudi Arabia, please do not send the following products:*Various laser pointer cameras/smartwatches/glasses/video pens*Various electric microwave insecticides*All materials are hidden in the car section*Spy cameras and glasses*Various drone cameras/no cameras*Various products including hidden cameras*Metal induction device*Various telescopes*Various products related to alcohol*Various weapon accessories*Various sexual products (including massage tools)*Various products related to eavesdropping devices (spy devices)*GPS*Wireless communication device*Religious items*Various DG items such as PI965 and PI968 batteries and mobile power supplies
Dear customer, hello. Thank you for your continuous support to our company. Our company is now open for online operations as follows1. Fill in your company's information on the member registration page of our company website and save it. After the relevant personnel of our company verify that there are no errors, the system will automatically customize your account password. Members can log in to your exclusive backend with the account password. For the sake of confidentiality, you are free to change your password2. Backend functions: order management, freight calculation, member lowest price exclusive, bill viewing, weight viewing, shipment quantity supervision, self-service filling of waybills, waybill printing, invoice printing, express price inquiry, air freight price inquiry, automatic tracking of shipments, problem piece feedback, remote inquiry, latest quotation information and other functions. A professional management system designed for you with care and care3. The system records all operational processes for each shipment, including weight confirmation, amount, other expenses, destination, and other related information. Even if there are errors in operation, there can be evidence to follow. The system connects to the websites of four major international express delivery companies, automatically tracks the tracking of waybills, and notifies them of abnormalities based on relevant information, thereby effectively improving the work efficiency of your company's personnel.4. Our company has multiple advantageous prices, and no matter where your package is sent to in the world, you can handle it in our one-stop shop without having to inquire from multiple stores for shipping rates5. Thank you for your trust and support in our company. We will do our best to improve your thoughts and confusion
（1） Prohibited items for express delivery:1. Valuable securities and easily lost valuable items that are difficult to estimate, such as bills of lading, verification forms, passports, quota certificates, permits, licenses, personal documents, bills of exchange, invoices, domestic or foreign currency (cash), gold and silver ornaments, artificial jewelry, and mobile phones.2. Various hazardous materials that are flammable, explosive, corrosive, toxic, strongly acidic, alkaline, and radioactive, such as matches, detonators, gunpowder, firecrackers, gasoline, diesel, kerosene, alcohol (liquid and solid), sulfuric acid, hydrochloric acid, nitric acid, organic solvents, pesticides, and other chemical products listed in the "Practical Manual of Chemical Hazardous Materials" published by the Chemical Industry Press.3. Various types of strong poisons, anesthetics, and psychotropic substances, such as arsenic, opium, morphine, cocaine, heroin, marijuana, etc.4. Items prohibited from circulation or shipment by national laws and regulations, such as cultural relics, weapons, ammunition, simulated weapons, etc.5. Newspapers, books, pictures, promotional materials, audiovisual products, laser discs (VCD, DVD, LD), computer disks, and optical discs containing reactionary, obscene, or indecent content.6. Obstructions to public health, such as bones (including burned bones), untreated animal skins, untreated animal bones, etc.7. Animals, plants, and their specimens.8. White powder with difficult to identify components.9. Personal letters, etc.（2） Aviation embargoes:1. Items that pose a threat to aviation flight safety refer to items or substances that may significantly endanger personal health, safety, or cause damage to property during air transportation. There are mainly the following categories: A. Explosives: such as fireworks, detonating fuses, etc; B. Gases: such as compressed gas, dry ice, fire extinguishers, gas storage tanks (without discharge devices that cannot be recharged), life preservers (with automatic expansion), etc; C. Flammable liquids: such as paint, gasoline, alcohol, engine oil, camphor oil, engine starting fluid, turpentine, thinner, glue, perfume, etc; D. Flammable solids: Spontaneous combustion substances, substances that release flammable gases when in contact with water, such as activated carbon, titanium powder, dried coconut meat, castor bean products, rubber debris, safety matches (box or sheet wiping), dry white phosphorus, dry yellow phosphorus, magnesium powder, etc; E. Oxidants and organic peroxides: such as potassium permanganate; F. Toxic and infectious substances: such as pesticides, lithium batteries, tear gas, etc; G. Radioactive substances; H. Corrosive products: such as batteries and alkaline battery fluids. I. Magnets, magnetic steel, and other products containing strong magnetism without demagnetization protection packaging.2. Any medication.3. Other aviation prohibited items, such as powdered items? (regardless of color) Liquids (regardless of packaging used), goods with danger signs on the outer packaging, audiovisual products (including CDs and VCDs) without certification from national audiovisual publishing houses, knives, durians, gas filled lighters, any goods involving the concepts of "weapons" and "firearms" (including toys), etc
There is a saying that international express delivery or mailing items are subject to taxation or exemption during customs clearance. How to grasp a certain degree to avoid taxes is often a concern for small and medium-sized sellers. According to the management principles of the Chinese Customs for inbound and outbound personal postal items, it is necessary to take into account the reasonable needs of individuals, facilitate normal transportation, and also limit smuggling and illegal activities. Chinese customs have set limits, exemptions, and prohibited or restricted types of items for individuals to mail each time. Based on this principle, the customs inspects incoming and outgoing postal items and releases them according to regulations for taxation or exemption. The general situation where taxes are required is that if the value of the goods mailed (declared value) exceeds the duty-free amount in the destination country, the goods may be taxable.How to avoid tariffs on international express delivery items? In the foreign trade industry, especially for small and medium-sized sellers in online businesses, they often encounter tariff issues when mailing items. For example, in China, a small package is not worth much, but when the package arrives at the customs of the customer's country, they are told to pay tariffs that are very different from the actual value of the goods. When this situation occurs, in addition to paying taxes, the goods are generally deducted or returned, and the loss of shipping costs is not to mention. The customer experience is even worse, which damages the seller's reputation and impression. So, how can we maximize the avoidance of tariffs?1) The declared value amount varies depending on the customs exemption amount of each country, and the declared value can be filled in according to the customs terms of each country. In some countries, customs may impose stricter customs inspections on small goods with a declared value exceeding 30 USD. Therefore, Yongli Tongda recommends maintaining the declared value within 30 USD as much as possible. If the declared value is too high, the recipient may pay high tariffs for it. In addition, it is more strict in customs clearance, which often leads to the occurrence of goods withholding, and may require the recipient to provide relevant commercial invoice.2) Split the shipping address and send multiple invoices! When international express delivery of goods, you can find a way or ask the buyer to find more city addresses to reach, and distribute the goods to different addresses in the same city, preferably not far apart, for easy inspection. Alternatively, the shipment can be sent separately. If multiple emails are sent to the same country and address on the same day, it is best to use packaging of different specifications and colors.3) Split the delivery time. During international express delivery, the goods are shipped in several days, with some shipped per day. The specific value of each shipment can be determined based on the declared value, usually around two large boxes at a time.4) Control the weight of individual items of goods. When international express delivery, a large shipment with a single box weight of no more than 20 kilograms is recommended. It is generally best to control between 10-20 kilograms.5) When maintaining the optimal shipping cycle for international express delivery, the interval between each shipment should be greater than 2 days. Even more frequently. The general suggestion is to complete the customs clearance last time and then send the next batch of goods as the best. 6) When using new addresses for international express delivery, if there are many goods, try to find as many recipient addresses as possible and have different packaging specifications. If the same address is used frequently, the customs clearance rate is extremely high. If there are really no extra addresses, be sure to pay attention to the shipping cycle.Note: The above content is collected and organized by our company and does not represent personal opinions. It is for reference only!
Summary of Foreign Trade Terms（1） The term 'EXW' in English is' EX Works (... named place) ', which means' EXW (... named place)'.It refers to the seller's responsibility to deliver the prepared goods to the buyer at their location, such as workshops, factories, warehouses, etc., but usually not responsible for loading the goods onto the vehicle prepared by the buyer or handling customs clearance of the goods. The buyer shall bear all costs and risks of transporting the goods from the seller's location to the expected destination.（2） The term 'Free Carrier (... named place)' in English means' Free Carrier (... named place) ', which means' Free Carrier (... named place)'.It refers to the responsibility of the seller to deliver the goods they have handed over to the buyer's designated carrier for care at the designated location after customs clearance. According to commercial practice, when the seller is required to cooperate with the carrier by signing a contract, and the buyer bears the risk and cost, the seller can proceed accordingly. This term applies to any mode of transportation.（3） The term 'Free Alongside Ship (... named port of shipment)' in English means' Free Alongside Ship (... named port of shipment) '.It refers to the seller delivering the goods to the ship's side at the designated loading port dock or barge. From then on, the buyer must bear all costs and risks of loss or damage to the goods, and in addition, the buyer must handle export customs clearance procedures. This term applies to sea or inland waterway transportation.（4） The term "Free on Board (... named port of shipment)" means "Free on Board (... named port of shipment)" in English.It refers to the seller delivering the goods over the ship's rail at the designated loading port, and the buyer must bear all the costs, risks, loss or damage of the goods after the goods pass the ship's rail. In addition, the seller is required to handle the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.（5） The term 'Cost and Freight (CFR or C&F)' in English is' Cost and Freight (named port of shipment) ', which means' Cost and Freight (... designated destination port)'.It refers to the seller having to pay the expenses and freight required to transport the goods to the designated destination port. However, after the goods are delivered to the deck of the ship, the risks, loss or damage to the goods, as well as additional expenses caused by accidents, are borne by the seller to the buyer after the goods cross the ship's rail at the designated port. In addition, the seller is required to handle the export customs clearance procedures for the goods. This term applies to sea or inland waterway transportation.（6） The term "Cost, Insurance and Freight (... named port of shipment)" in English means "Cost, Insurance and Freight (... named port of shipment)".It refers to the seller having the same obligation as the term "cost and freight", and also having to purchase marine insurance for the loss or damage of the goods during transportation that should be borne by the buyer and pay the insurance premium. This term applies to sea or inland waterway transportation.（7） Carriage Paid to (... named place of destination)This term refers to the seller's payment of the freight for transporting the goods to the designated destination. The risk of loss or damage to the goods and any additional costs incurred after the goods are delivered to the carrier shall be borne by the buyer from the time the goods have been delivered to the carrier for care. In addition, the seller must handle the customs clearance procedures for the export of the goods. This term applies to various modes of transportation, including multimodal transportation.（8） The term 'Carriage and Insurance Paid to (... named place of destination)' in English means' Carriage and Insurance Paid to (... named place of destination) '.It refers to the seller having the same obligation as the term "freight paid to (designated destination)", and also having to purchase marine insurance and pay insurance premiums for the risk of loss or damage to the goods that should be borne by the buyer during transportation. This term applies to any mode of transportation.（9） The English name for the term 'Delivered at Frontier (... named place)' refers to 'Delivered at Frontier (... named place)'.It refers to the seller's obligation to transport the prepared goods to a designated location on the border, handle export customs clearance procedures, and deliver the goods before the customs border of adjacent countries. This term mainly applies to goods transported by railway or road, and can also be used for other modes of transportation.（10） The English version of the term 'Delivered Ex Ship (... named port of destination)' means' Delivered Ex Ship (... named port of destination) '.It refers to the seller's obligation to deliver the prepared goods to the buyer on the deck of the designated destination port without handling the import customs clearance procedures. Therefore, the seller must bear all costs and risks including transporting the goods to the designated destination port. This term only applies to sea or inland waterway transportation.（11） The English version of the term 'Delivered Ex Quay (Duty Paid) (... named port of destination)' means' Delivered Ex Quay (Duty Paid) (... named port of destination) '.This term refers to the seller's obligation to deliver the prepared goods to the buyer at the designated port of destination after customs clearance, and the seller shall bear all risks and expenses, including customs duties, taxes, and other expenses incurred during delivery. This term applies to sea or inland waterway transportation.（12） The English term for DDU is "Delivered Duty Unpaid (... named place of destination)", which means "Delivered Duty Unpaid (... named place of destination)".It refers to the seller delivering the prepared goods at the designated location in the importing country, and bearing all costs and risks of transporting the goods to the designated location (excluding customs duties, taxes, and other official fees payable at the time of import), as well as the costs and risks of handling customs procedures. The buyer shall bear the additional costs and risks incurred due to the failure to handle the import customs clearance of the goods in a timely manner. This term applies to various modes of transportation.（13） Delivered Duty Paid (... named place of destination) "is the English term for" Delivered Duty Paid (... named place of destination) ", which means" Delivered Duty Paid (... named place of destination) ".It refers to the seller delivering the prepared goods at the designated location in the importing country, bearing all costs and risks of transporting the goods to the designated location, and handling import customs clearance. This term can be applied to various modes of transportation.（14） The English term for letter of credit (L/C) is "Letter of Credit", which means letter of credit.The importer issues a letter of credit to the exporter. After the exporter presents the document to the importer's bank, the importer will first settle the payment to the exporter, which is fair to both parties, but it is not safe for a few rogue state. The handling fee required for letter of credit is higher than that for other transaction methods.（15） The English term for telegraphic transfer (T/T) is "Telegraphic Transfer", which means wire transfer.There are two types of pre shipment and post shipment, and pre shipment telegraphic transfer is of course cost-effective for exporters, and vice versa.（16） The English term for D/A is "Documents against payment", which means payment redemption order.After the exporter ships the goods, they obtain the bill of lading from the freight forwarder, and then submit the complete set of documents to the bank. The bank commissioned by the exporter reviews the documents and sends the complete set of documents to the importer's commissioned bank. The importer's commissioned bank will notify the importer to make payment. Only after the importer pays the full payment to the importer's commissioned bank can they receive the documents for customs clearance. This payment method is quite common, but I'm afraid the importer and its bank may be too familiar, so I'll either take the order first and make the payment or not make the payment.（17） Bill of Lading (B/L) is the main document used by importers to pick up goods.
first party:Party B: Yiwu Sailong International Freight Forwarding Co., Ltd. (Dilong International) In order to better cooperate with Party A's express delivery business, adapt to market needs, and expand business, Party A and Party B, on the basis of mutual compliance with the Customs Law of the People's Republic of China and other relevant laws, have reached the following cooperation agreement through friendly consultation:1、 Obligations and Responsibilities of Party A(1) When Party A needs express delivery, Party A shall notify Party B in advance and fill out the express waybill. When filling out the waybill, the font should be clear, the content should be accurate, and a reliable address and phone number should be provided. If there are any errors and resulting costs and delays, Party A shall be responsible for them.(2) Party A shall prepare a commercial invoice by itself when delivering the goods and declare the value of the goods truthfully. In case of invoice problems, Party A shall bear the costs of customs withholding, returning or taxes incurred at the customs (in transit or at the destination).(3) The first party shall provide complete and complete packaging for the shipped goods. If packaging issues cause damage or shortage of the goods, the second party shall not be responsible.(4) The goods sent by Party A must comply with the principles stipulated in the customs import regulations of the place of origin, destination, and all countries. Otherwise, Party A shall be responsible for all consequences.(5) If the recipient refuses to pay (freight collect) or refuses to accept the goods sent by Party A, all expenses and responsibilities shall be borne by Party A.2、 Obligations and Responsibilities of Party B(1) The second party shall send personnel to collect the package at the doorstep as soon as possible after receiving the express delivery service demand from the first party.(2) The second party must quickly, safely, and accurately deliver the express package sent by the first party to the location designated by the first party.(3) If the billing weight of Party B exceeds the actual weight, it shall be calculated based on the volume weight (length cm) × Width cm × Height cm ÷ 5000=? kg）。(4) The second party has the responsibility and right to cooperate with the national government authorities to inspect the legality, authenticity, and quantity of the items sent by the first party.(5) If there is any change in the price of Party B (price increase or decrease), Party B shall promptly notify Party A so that Party A can enjoy preferential prices or consider whether to continue using Party B's services when the price increases. 3、 Compensation matters(1) During transportation, if there is any loss, damage, or shortage of the goods, Party A shall promptly submit a written report. If Party A entrusts Party B to purchase insurance on its behalf, Party B shall make a claim on behalf of Party A to the insurance company and provide compensation in accordance with the relevant terms of the insurance company. If Party A fails to purchase insurance or entrusts Party B to purchase insurance, the domestic package will be compensated at three times the shipping cost, with a maximum compensation of 300 yuan. The documents will be re sent once for free; The international package shall be compensated in accordance with international practice. The documents shall be re sent for free once or a compensation of $20 shall be made. The package shall be compensated by Party B based on the declared value of Party A, with a maximum compensation amount of $100.(2) If there are problems with the goods during the export customs declaration, clearance, or taxation process due to reasons related to the goods, Party A shall unconditionally refuse to pay the freight, and both parties shall cooperate unconditionally to solve the problem. If any storage fees, taxes, etc. occur during this process, Party A shall bear the responsibility on its own.4、 Payment method: 1. Advance deposit (); 2. Pay as you go (); 3. Pay per week () 4. Pay per month ().5、 The price shall be settled according to the price list agreed upon by both parties. Customers must settle the shipping fees for the previous month before the () day of the following month. If there is intentional default, a late payment fee of 3% will be charged per day for overdue payments. If necessary, legal procedures will be followed. Thank you for your cooperation!first party:Representative signature:Company seal:specific dateParty B: Yiwu Sailong International Freight Forwarding Co., LtdRepresentative signature:Company seal:specific date
The difference between export purchase order customs declaration and regular customs declaration:Purchase order customs declaration: refers to the export verification form that the factory or trading company does not have import and export management rights, or does not want to use their own company's header name. If there are goods to be exported, a company with import and export management rights needs to act as an agent for export. The customs broker will provide enterprise documents with import and export management rights to handle the customs declaration procedures for the goods, and the exporter only needs to provide the packing list and SO.Ordinary customs declaration: refers to the enterprise providing a customs declaration certificate, and the customs broker only issues a customs declaration and other related documents to declare to the customs based on the enterprise's customs declaration certificate. Pay for customs declaration=customs broker provides customs declaration information+regular customs declaration
Dear customer: Hello!Considering the recent strict inspection of products with batteries by DHL FEDEX in Hong Kong, customers are requested to indicate not only whether the goods are live on the waybill, but also the type of battery carried by the goods.The commonly used battery types are as follows:1、 Dry batteries (such as nickel hydrogen batteries, nickel chromium batteries, etc.) - A1232、 Classification of lithium batteries: 1 Lithium ion batteries: rechargeable, used for mobile phones, laptops, etc1.1. Supporting lithium-ion batteries - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -1.2. Built-in lithium-ion battery2. Lithium metal battery: non rechargeable, used for watches, calculators, cameras, etc2.1. Supporting lithium metal batteries - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -2.2. Built-in lithium-metal batteryOur company will prepare relevant documents according to the battery type provided by the customer. If DHL refuses the goods due to the fact that the goods are not declared live or the battery type declaration is not consistent, our company will charge the customer a pick-up fee (RMB 200 per shipment) and a Hong Kong re shipment fee (RMB 1.5/KG, with a minimum of RMB 100 per shipment). This notice takes effect immediately, and we apologize for any inconvenience caused.Kind reminder: Please ensure that live goods are adequately packaged and insulated to ensure safe transportation to the destination.
Dear customerHello! Thank you for your strong support to our company. Our fuel specifications for August 2016 are as follows:DHL fuel cost from July 31 to August 31, 2016: 11.5%UPS July 31, 2016 16:00- September 4 Fuel cost: 9.5%TNT July 30-August 27, 2016 Fuel cost: 13%FEDEX, July 31, 2016- September 4, 2016 Fuel cost: 7.5%
In January 2017, our company's fuel surcharge was updated as follows:DHL fuel is 11.25% from 18:00 on December 31st,UPS fuel is 11.25% from 18:00 on December 31st,FDX fuel is 7.0% from 18:00 on December 31st,Starting from 18:00 on December 31st, TNT fuel is 12.75% (excluding security fees).
Dear customerAccording to the fuel change, our company's fuel change collection date is:DHL: Starting from 18:00 on April 28th, 24.5% of May fuel will be charged.UPS: Starting from 08:00 on May 5th, 22% of May fuel will be charged.FEDEX: Starting from 08:00 on May 5th, 19% of May fuel will be charged.TNT: Starting from 08:00 on May 5th, 21.5% of May fuel will be charged.
On October 23rd, at the 2018 China (Hangzhou) International E-commerce Expo - Cross border E-commerce Forum, Zhang Yanbai, Executive Director of Haiyunhui, delivered a keynote speech titled "How to Help Cross border E-commerce Meet the Challenges of the New Exchange Rate Era".He pointed out that "exchange rate risk" is mainly divided into three major risks: trading, economic, and accounting risks. Enterprises mainly provide services for exchange rate risk management through banks. It takes at least six months for banks to actually start trading with customers from the first meeting to the end. The lengthy process and numerous documents involved during this period are unbearable for ordinary enterprises. So many companies can only choose to "run naked" in the era of exchange rates, and may face the risk of huge losses in the end.It is reported that the theme of this conference is "New Services, New Opportunities, and New Challenges", focusing on empowering cross-border trade, cross-border finance, new models of international logistics, digital marketing, and opportunities, challenges, and response strategies in the era of compliant operations. Further optimize the cross-border e-commerce ecosystem, drive the internationalization transformation of traditional advantageous industries, and improve the efficiency of cross-border sellers. Enterprises such as UMKA, PingPong, and Lianlian Payment attended the meeting.Kind reminder: This article is a preliminary review of shorthand notes, ensuring that the guests on site have the original intention and have not been edited or made any mistakes. We apologize for any inconvenience caused.The following is a transcript of the conference speech:Zhang Yanbai: Thank you very much for the introduction. Exchange rate is a topic of great concern this year. I have shown a chart of the trend of the RMB exchange rate here. As you can see, the great challenge faced by cross-border e-commerce is the marketization and internationalization of the RMB exchange rate, which is particularly evident in the market this year. So how to help enterprises solve the problem of exchange rate risk and better manage exchange rate risk has become the original intention of our Haiyunhui Company.Let's first talk about the concept of "exchange rate risk", which is essentially three major risks: trading, economic, and accounting risks. The most important concern for cross-border e-commerce is still transaction risk, whether it is 650 yuan or 700 yuan for goods worth 100 yuan in US dollars to be received. Because it affects a company's cash flow, costs, and profits. The latter two risks are not as significant yet. Accounting risk is that you have a large investment overseas, investing one million US dollars, but long-term equity investments will generate fluctuations in accounting gains and losses due to holding foreign currency assets and accounting statements denominated in local currency each year, which may not necessarily generate cash flow. Economic risks may arise when some enterprises export, such as large enterprises going abroad to obtain projects. If you consider too much exchange rate risk in the quoted price, the price will be lower than that of competitors, leading to the loss of competitiveness of the goods. Exchange rate risk is still a topic of great concern to everyone, and how to crack and respond is the problem that our company wants to help enterprises solve.This is the fluctuation of the RMB exchange rate this year. In the first half of the year, the RMB suddenly appreciated from 6.6 to 6.7, to around 6.3 and 6.4. However, in May and June, the trend turned around, with a significant depreciation. Yesterday, it reached a new low at 6.94, with a depreciation rate of 11% in 100 days. The export profit margin of Chinese foreign trade enterprises ranges from 3% to 5%, and the exchange rate fluctuates by 11%. At the beginning of the year, the enterprise was considered a profitable project, but later it may be a loss making project. How to manage exchange rate risk well is an urgent need to solve all cross-border e-commerce problems.Another issue discovered is that small and medium-sized enterprises face the greatest challenge when facing exchange rate risks. Enterprises engage in exchange rate risk management. Traditionally, only banks provide services. Banks typically provide derivative services, and it takes at least six months for banks to actually start trading with customers from the first meeting. There are a series of KYC, account opening, credit granting, legal documents in between, and they may even tell you not to do so. So many companies can only "run naked" in the era of exchange rates, and may face huge losses in the end.What I want to share with entrepreneurs is that there are some misconceptions in exchange rate management. Many entrepreneurs may not do any exchange rate risk management because they feel that using derivative instruments and forward locking is speculation. This concept is incorrect. Your core is still to focus on your main business. The real economy should focus on building core competitiveness, whether in manufacturing, trade, or circulation industries. If you do not manage exchange rate risk, it is to some extent speculation, betting on whether the fluctuation of the RMB exchange rate is beneficial to you.Some financial personnel are also under great pressure, and as long as they manage exchange rate risk, they must make profits, which is also a misconception. Our goal in risk management is to turn uncertainty into certainty in risk control, and risk into cost, without taking the initiative to bear risks. Some of our listed companies are also manufacturing companies in the same industry, with profits of several billion yuan and financial statements of several billion yuan. However, the annual exchange gains and losses are between ten to two billion yuan. Therefore, it is difficult to determine the essence of a company when evaluating whether it is a manufacturing company or a hedge fund. Moreover, there are also some studies in the capital market. If financial risks can be well controlled and managed within a certain range, the company's stock price will have a 10% to 20% premium, and the capital market will pay for the excellent management of the enterprise.What differentiated competitiveness does Haiyun Huineng bring to enterprises? Haiyunhui itself is a subsidiary of Haier Financial Holdings, and the core backbone of our employees are also from the trading room. Give some simple examples, such as summarizing some local foreign exchange policies globally, in Africa, and Europe, such as how to issue the West African franc currency when encountering it in Africa before; The Egyptian pound issue encountered in Egypt, where money can enter but cannot exit, and how to lock in the Mexican peso. Another two years ago, Russian factories also encountered a significant appreciation and depreciation of the ruble. How can companies respond.In the process of promoting business globalization, we have accumulated rich experience in foreign exchange management, including dealing with local currency risks, including local fund financing, cross-border fund flows, global cash pool management, etc. We have a complete set of solutions and guidance accumulated over the years. We very much hope to empower these experiences and knowledge to cross-border e-commerce platforms, so that they can better cope with exchange rate risks in different countries, Foreign management policies.Here is how to carry out risk avoidance. The most important thing is to assess the magnitude of the risk, and then establish a good authorization system. The company's financial personnel should be able to obtain sufficient authorization, who is responsible for transactions, who is responsible for payments, and who is responsible for accounting. A complete system is necessary to better manage the exchange rate risk of the enterprise.Our information is very valuable, especially the forward exchange rate, which is not always available on ordinary websites. Although the price of our official account is real-time every day, enterprises can see the current price of the RMB exchange rate and the price one year later. There will be a difference between the price one month later and the current price of the RMB exchange rate, and there will be our interest rate in dollars, What is the real-time price now.These price displays are still very valuable because I am also from a bank. A few years ago, solar energy companies did a lot of forward exchange settlements, and their prices were in euros at that time, with a lot of profits. However, the company did not know the forward profits, and for some reasons, the contract was terminated due to different financial instruments used by the company. The bank was asked if the contract could be terminated and no payment was made. The company made a profit of 2 million euros on the contract, and the bank told him that you can terminate the contract without a fine. The company abandoned the field of 2 million euros, indicating that you do not understand this field and will be eaten away by competitors. Perhaps you are grateful that the bank helped him, so we still need to disclose this financial information and market information to everyone, so that everyone can better manage their own situation in the real exchange rate risk.This is an online exchange rate risk management system that we are developing with our partners, and we have already implemented a project with Dunhuang. We hope to empower small and medium-sized enterprises with these exchange rate risk management capabilities.The immediate effect is that there are thousands of small sellers on some cross-border e-commerce platforms. We can take out their orders and transaction information in the system. This system can help cross-border e-commerce merchants figure out how much exchange rate risk exposure they face, RMB fluctuations of 1% to 2%, and the profit and loss of enterprises. One click transactions can be made nearby, This way, cross-border e-commerce merchants can lock in exchange rate risk at any time, which is a project we are developing and will soon be launched.This is a product that we are developing with a price locked annual exchange rate. There are also some forward products. This is where we can provide you with some advice on exchange rate risk management. Because companies may face many choices of financial instruments when facing exchange rate risks and do not know how to make better decisions, we can customize their foreign exchange locking plans according to their situation.This plan is also a recently implemented plan, which is a one-stop financial service and also a cooperation with cross-border e-commerce. We can provide USD loans for its exports. First, we can help enterprises make USD loans, and then we can lock in the USD to RMB forward. Exporting enterprises can quickly convert their cash flow.Another case shared is that in the past two years, many companies have issued bonds overseas in the currency of the US dollar, with the purpose of using the Chinese yuan. The issuing companies face the risk of the exchange rate between the US dollar and the Chinese yuan and need to lock it in. At present, there are two markets for the RMB exchange rate, domestic and overseas, but there is a significant difference in liquidity between the two markets, especially for five-year US dollar RMB forwards. For example, when we buy five-year US dollar RMB forwards in the domestic market, there is no quoted price in the market, only a one-year price. We will use the overseas USDCNH market, which has five-year forward quotes. In this case, we will first use the overseas market to lock in the RMB exchange rate, and then transfer the overseas transactions to the domestic market for re locking after a period of time. This solves the problem of the company's five-year foreign exchange lock. So the value of Haiyunhui is to help companies fully utilize the two overseas and domestic markets, find the optimal exchange rate risk management plan, and help enterprises minimize exchange rate risk.If you have any needs, please feel free to contact us at any time. We are willing to provide you with more one-stop cross-border financial services.
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