On December 8, cross-border e-commerce concept stocks rose sharply, Renle 3 connected boards, focus science and technology, cross-border access 2 connected boards, Pluton, Tianyuan shares, Ruoyuchen and other trading limit, contact interaction, small commodity city and so on.

On the news side, recently, many provinces across the country have organized delegations to go to sea to grab orders, including 10,000 enterprises in Zhejiang, government charter flights to go to sea to "grab orders", Guangdong, Sichuan, Jiangsu, and so on.

Many provinces have launched a group to go out to sea to grab orders.

According to incomplete statistics, at present, relevant government departments have organized groups to grab orders at sea in Zhejiang, Sichuan, Guangdong, Jiangsu and Fujian.

According to the Shanghai Stock Exchange News, on December 6, the Ningbo "100 groups, thousands of Enterprises, 10,000 people", composed of heads of foreign trade enterprises and government departments, flew to the first stop of the United Arab Emirates to participate in the exhibition and expand the market. It will go to Indonesia and Japan in the next 12 days to seize orders and promote attraction. In addition, the city of Jiaxing, which also belongs to Zhejiang, has confirmed the list of more than 80 overseas exhibitors and investment groups by the end of next year, and five groups have left the country in December alone.

On December 5, a commercial charter flight organized by the Sichuan Provincial Department of Commerce was officially launched to expand the market in Europe. A total of 40 people from 31 foreign trade enterprises flew to France, Germany and Italy to carry out nine-day economic and trade promotion activities.

On December 9, Suzhou, Jiangsu Province will provide charter flights and organize investment promotion teams to Europe to promote investment. At the same time, about 100 senior executives of foreign trade companies will go to Europe to maintain customers and secure orders.

Guangdong is also organizing groups to go to sea to grab orders. In November this year, the Guangzhou Municipal Bureau of Commerce organized more than 100 people from nearly 40 foreign trade enterprises to participate in Guangdong (Malaysia) Commodity Fair in Southeast Asia and Singapore Beauty Exhibition in Asia-Pacific region by charter flights to help foreign trade enterprises seize orders, expand markets and build channels.

Send out the signal of "stabilizing orders and increasing confidence"

Why do we have to form groups to go out to sea to grab orders?

On the one hand, the possible reason is that the last few months of each year are the critical period for foreign trade, with overseas Black five, Christmas and so on.

On the other hand, since the outbreak of the epidemic, the hindrance of communication with foreign customers is one of the reasons for the reduction of orders and shrinking business of foreign trade enterprises. According to the Securities Times, large-scale groups from all over the country went out to sea to grab orders, which not only opened up business opportunities for foreign trade enterprises, but also released the signal of "stabilizing orders and increasing confidence."

Industry insiders predict that with the gradual optimization of China's epidemic prevention and control, "fighting for the economy" is becoming a concerted action among various localities, and more provinces and cities will join the list of organizing groups to go out to sea to grab orders and go all out to stabilize the basic market of foreign trade.

According to the data, in November, China's exports were-8.7% year-on-year (previous value-0.3%) and imports-10.6% (previous value-0.7%) in dollar terms.

Guotai Junan said exports fell 8.7 per cent in November from a high growth rate of 18 per cent in July to negative in October, and then widened to-8.7 per cent in November, with exports falling faster than the market expected.

In additionWhen the content of the Politburo meeting was released yesterday, open source securities pointed out that after two years of the meeting, "steady growth" was mentioned again. The two meetings of the Politburo in December 2020 and December 2021 did not mention "steady growth", but this time it was mentioned again and put in the first place to do a good job. Soochow Securities also said that the importance of stabilizing the economy next year will be further enhanced.

Cross-border e-commerce stars and sea

On November 11, the "report on the Development trend of Electronic Commerce in China in 2022: the important role of Electronic Commerce in High-quality Economic Development" released by the Research Institute of the China Council for the Promotion of International Trade shows that cross-border e-commerce is becoming an important starting point for stabilizing foreign trade and promoting consumption with policy support.

According to data released by the Ministry of Commerce, China's cross-border e-commerce maintained steady and rapid growth in 2022, and the import and export volume of cross-border e-commerce increased by 28.6% in the first half of the year compared with the same period last year. Cross-border e-commerce B2B direct exports and cross-border e-commerce exports overseas warehouse trade increased rapidly, according to the General Administration of Customs. In the first three quarters, the exports of Zhejiang, Jiangxi and other enterprises through the customs cross-border e-commerce management platform increased by 1.5 times and 2.4 times respectively.

In addition, according to Statista data, compared with overseas markets, the global e-commerce penetration rate in 2021 is about 19% (much lower than the domestic penetration rate of about 30%), and the e-commerce penetration rate in Southeast Asia, the Middle East, Africa and other places is less than 10%, providing a broad blue ocean for the development of domestic e-commerce cross-border overseas business.

In terms of policies, during the year, China continuously issued relevant favorable policies to support the development of cross-border e-commerce industry, building a good market environment in setting up comprehensive demonstration zones for cross-border e-commerce, improving the layout of overseas warehouses, and accelerating cross-border e-commerce declaration and customs clearance.

CITIC believes thatUnder the policy Dongfeng + capital blessing, cross-border e-commerce is expected to usher in the development of gold.

Dongxing Securities also saidBased on the four logic of low export penetration, improved overseas e-commerce penetration, tailwind policy and strong basic strength of the company, there is a broad space for overseas e-commerce.

The first RMB cross-border transaction landed

Finally, recently, there is a related major event also mentioned here.

On the eve of the first China-Arab Summit on December 6th, Yite Network Technology Co., Ltd. in District 4 of Yiwu International Trade City received cross-border RMB payments from Saudi Arabian customers through "Yi pay Yiwu Pay", marking the successful landing of the first RMB cross-border business launched by a third-party payment company under the small Commodity City.

According to Chinanews.com, Yifu has cooperated with 400 mainstream banks, covering more than 100 countries and regions, has the convertibility ability of more than 15 mainstream currencies and cross-border RMB, serves merchants 370000, and accumulates 200 million transactions. the capital settlement reached 1.3 trillion yuan.

Tianfeng Securities pointed out that in the face of the strong development of new foreign trade forms such as cross-border e-commerce and market procurement, cross-border payment services provided by traditional Swift and banking systems have payment pain points such as difficulties in opening accounts, many procedures, long cycles, few currencies supported by single accounts, and exchange freezes. third-party cross-border payment service providers characterized by flexible services, safe receipt and payment, and efficient settlement of trade funds meet market opportunities.