According to the Ministry of Finance, in accordance with the relevant provisions of the Customs Law of the People's Republic of China, with the approval of the State Council, the State Council Tariff Commission announced the "Measures for the Collection of Import Duties, Value-Added Tax, and Consumer Tax on Imported Goods".

The regulations have been adjusted and improved based on recent practices, for example, the limit value for items that can be imported through mailing channels has been uniformly increased from the current 800 yuan and 1000 yuan to 2000 yuan, the quantity of cigars that can be brought in duty-free has been reduced, and there have been minor adjustments in the classification of certain commodities, with detailed and improved procedural regulations regarding classification valuation, declaration, and taxation.

On November 27, the General Administration of Customs issued a notice to further promote the development of cross-border e-commerce exports. 20 directly affiliated customs offices, including those in Peking, Tianjin, Dalian, Harbin, Shanghai, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nam Cheong, Qingdao, Zhengzhou, Changsha, Guangzhou, Shenzhen, Huangpu, Chengdu, and Urumqi, will carry out pilot projects for cross-border e-commerce retail export return supervision across customs zones.

The return of goods for cross-border e-commerce retail exports (9610 model) is allowed across directly affiliated customs zones, and returned goods should go back to the customs supervision operation site (location) where the cross-border e-commerce retail export business is being conducted.

Enterprises engaged in cross-border e-commerce retail export return business across customs zones should operate in a standardized manner, possess enterprise production operation system data and open it to customs or connect it with the customs information system.

According to Zhiyan Finance APP, a report jointly issued by the Hong Kong Trade Insurance Bureau and the Trade Development Council indicates that 90% of surveyed enterprises believe that cross-border e-commerce business will drive considerable sales growth in the next two years, with the markets showing the most growth potential being mainland China and ASEAN, with respective shares of 75.2% and 44.3%.

Cross-border e-commerce related companies:

JD Group-SW (09618): In the third quarter of this year, JD Logistics further expanded its overseas supply chain network by opening new self-operated overseas warehouses in the USA and Malaysia. Additionally, JD Logistics continues to upgrade its global strategy - the 'Global Network Plan', aiming for over 100% growth in global overseas warehouse area by the end of 2025. Meanwhile, it will further develop and construct bonded warehouses and direct mail warehouses. In the next three years, JD Logistics will also add new international routes including China-Malaysia, China-South Korea, China-Vietnam, China-USA, and China-Europe. JD Logistics announced on November 29 that in the weeks leading up to this year's 'Black Friday' promotions, overseas self-operated warehouses in North America experienced a surge in orders, with peak period order volume increasing by over 300% year-on-year.

ZTO Express-W (02057): ZTO Express provides express services from China to global destinations, including international transportation of documents, samples, and bulk commodities. These services typically involve customs clearance, international shipping, and delivery in the destination country. In order to improve logistics efficiency and customer experience, ZTO Express has established overseas warehouses in some key international markets. These warehouses can be used for storing commodities, achieving localized delivery, reducing delivery time, and lowering transportation costs.

Zi Buyu (02420): One of China's largest cross-border e-commerce B2C companies, mainly selling apparel and footwear products through third-party e-commerce platforms and self-operated websites. While consolidating the advantages of core channels, Zi Buyu also focuses on developing new sales channels such as Temu and Tiktok, achieving outstanding phased results. The company's revenue in the first half of the 2024 fiscal year was 1.462 billion yuan, a year-on-year increase of 6.31%; net income was 91.365 million yuan, a year-on-year increase of 789.11%; earnings per share of 0.18 yuan.

EDA Group Holdings (02505): Easy Darun is a B2C cross-border e-commerce supply chain solution provider, offering end-to-end solutions for e-commerce sellers. The company adopts a light-asset model and has established partnerships with over 60 third-party warehousing suppliers, 300 international freight forwarder service providers, marine and air transportation carriers, and 80 local "last mile" fulfillment service providers.