Sino-British cross-border electricity trade, usher in new opportunities
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By the Bank of China and the United Kingdom jointly compiled by the trade and investment Department of the Bank of China white paper on cross-border e-commerce services in London a few days ago. Aim for the United Kingdom supports co-operation between enterprises and cross-border e-commerce in China, helping United Kingdom companies to expand in China, some strings for e-business cooperation between enterprises of the two countries Coat Rack wholesaler. Some analysts pointed out that Sino-British are closer financial cooperation, cross-border trade will boost bilateral cooperation to a higher level.
Deepen cooperation and build Sino-British cross-border electricity trading platform
The white paper prepared by the Sino-British Joint complete includes cross-border e-commerce in China-related policy, United Kingdom export enterprises, cross-border e-commerce in China imports pilot cities, bank products and services and other information.
Britain prepared, United Kingdom trade and investment officer Herbert told the newspaper that British financial relations flourish, financial exchanges and cooperation in the areas of success, this white paper released to coincide with the time, will promote the British, including the financial aspects of the further development of mutually beneficial cooperation.
At present, the United Kingdom within the EU has become China's second largest trade partner, second largest source of actual investment and investment destination, while China is the United Kingdom's fourth largest trading partner. Sino-British economic and trade cooperation has witnessed steady growth in bilateral trade, two-way investment, continuously deepening, and expanding cooperation in new fields and positive trend.
Deputy Governor of the Bank of China, said Xu Luode told reporters, released the white paper itself. Electronic commerce is developing rapidly in China, provides a convenient and efficient way for cross-border trade, Sino-British cross-border electricity trading has great potential for development, the white paper will help further development of financial cooperation between the two countries.
Our reporter in the interview that, in order to meet the needs of joint cross-border e-commerce in financial services, Bank of China, also for cross-border e-commerce has made "silver cross border e-business in" financial services integrated solutions, introduced the "cross-border renminbi through train" and other specialty products.
In white paper released of day, both also held has in the British across border electric business and retail theme seminar and the in the British across border electric business site business fair, Bank of China and United Kingdom trade investment Department Organization Beijing East, and Alibaba, and only products will, and NetEase Koala, 14 home domestic across border electric business platform and more than 70 more than United Kingdom local enterprise site docking, and one-on-one communication, efforts for domestic consumers introduced price reasonable, and security reliable of United Kingdom local quality commodity.
Tap potential, so that businesses and consumers access to more affordable
United Kingdom electronic commerce is well developed and the popularization of advanced network technology to support the deepening of cross-border e-commerce United Kingdom companies and individuals, United Kingdom cross-border e-commerce transactions and activities of a geometric growth. United Kingdom, the daily mail reported that traditional sales are manufacturer exporters, importers, wholesalers, retailers and so on a series of links, to send the merchandise to overseas consumers. While cross-border e-commerce is based on e-commerce platform, deal directly with overseas consumers. Shortening of the trade chain, means that enterprises have greater profit margins, also gives consumers access to more affordable.
United States cross-border e-commerce survey conducted by the Nielsen Company, the next 5 years, world's six-largest markets (the United States and the United Kingdom, and Germany, and Australia, China and Brazil) total amount of cross-border e-commerce transactions will increase by $ 307 billion. United Kingdom trade and investment statistics, United Kingdom current 6% of the cross-border business in China, according to a ratio calculation, United Kingdom electronic commerce on China's exports will reach £ 14 billion in 2020.
In order to better develop the China market, United Kingdom businesses seek to distribute its products business to China. Report noted that United Kingdom SMEs are concerned, due to the lack of flow inlet line, proprietary e-commerce platform for developing enterprise and establishment of local institutions to develop the China market are not very helpful. Therefore, the United Kingdom business cooperation with the China cross-border e-commerce platform is a better choice. These main areas of e-commerce, China's e-commerce platform occupied the 90% share, through their commodities can effectively reduce the cost and increase the competitiveness of products.
British officials said at the release ceremony, open on the Sino-British cooperation in the commercial, the two sides will be close cooperation in the field of electronic commerce. "In this connection, the United Kingdom also has great potential to be tapped," Herbert said. Obviously, United Kingdom companies selling products through cross-border e-commerce platform, Terminal sales prices can fall sharply, to avoid possible problems of traditional patterns of trade. In addition, cross-border e-commerce platform for display and sale, but also solve the problem of information asymmetry of Chinese consumers and overseas commodities, Chinese consumers more United Kingdom brand, expand the scale of the enterprise product sales in China, reduce the cost of branding, enhance the influence on market.
Expanding markets and strive to enhance cross-border e-commerce services
In recent years, as the representative of a group of Chinese banks, Bank of China and strive to enhance cross-border e-commerce services. In September and November of last year, Bank of China respectively in China and New Zealand held Conference on cross-border e-commerce, overseas and the first cross-border e-commerce solution for online financial services. It is understood that cross-border e-commerce solution for online financial services is the full use of offshore subsidiaries, Bank of China's strong customer resources, and long-term understanding of national policies, regulatory details for overseas enterprises to provide efficient and reliable set of platforms.
The press conference on the white paper is the layout of the rich network of Bank of China financial services across borders is another important initiative. It is reported that the next Bank of China will continue to provide global service, expanding the Italy, and Malaysia, Macao and other countries and areas of cross-border e-commerce business, integrated solutions provide convenient for both business and financial services, category rich overseas quality products for consumers.
Some media pointed out that China's cross-border business promising. Mobile Internet, cloud computing, big data, such as the rapid development and wide application of Internet technology, substantially changed the lifestyle of the inhabitants. Cross-border e-commerce in China is "Internet +" strategy under the background of the development of a new type of business model, breaking the traditional mode in foreign trade both at home and abroad, such as importers, wholesalers, distributors or retailers of monopoly, set up a production company and individual wholesalers, retailers and end customers direct links, effectively reduce the cost of the circulation of goods. China's Ministry of Commerce predicted in 2016, cross-border e-commerce in China import and export volume will reach 6.5 trillion yuan, cross-border e-commerce in the coming years will be increased to 20% per cent China import and export trade, with annual growth rates will exceed 30%.
Cross-border e-commerce development in China has formed a certain industrial cluster effect and size of transactions. China Shoe Cabinet & Shoe Rack Manufacturers Industry analysts noted that support for cross-border e-commerce development, to use "Internet + foreign trade" implementation, expand domestic consumption and exports. There is no doubt that breaks the barriers of traditional business cross-border electronic commerce, promoting economic globalization, the globalization of trade, as an important wing, its strategic significance and practical significance will continue to highlight. The publication of the white paper, will enable more Chinese enterprises to establish business contacts with foreign countries and individuals benefit from, which stimulate the further development of cross-border e-commerce in China, Sino-British cooperation in finance, trade and other fields will benefit.
