On September 24th, the Ministry of Commerce and nine other departments recently issued a notice on "Several Policy Measures to Promote Service Exports". The notice proposes 13 specific measures, including enhancing the leverage role of the Service Trade Innovation Development Guidance Fund and increasing support for export credit insurance. The notice proposes to enhance the leverage role of the Service Trade Innovation Development Guidance Fund. Support the Innovation and Development Guidance Fund for Service Trade to increase investment in service trade, strengthen linkage with local funds, and drive more social capital investment in the fields of service trade and digital trade. Revise the "Guiding Catalogue for Key Areas of Service Export" and the "Guiding Catalogue for Key Development Areas of Service Outsourcing Industry" to strengthen business guidance for key fund investments. Increase support for export credit insurance. Encourage China Export and Credit Insurance Corporation and other insurance institutions to increase support for service exports, further expand coverage on the basis of support fields such as transportation, repair and maintenance, Internet advertising, etc., improve underwriting capacity and level, optimize the quality and efficiency of claims settlement services, and provide more comprehensive risk protection for service exports under the premise of controllable risks. Encourage regions to build service trade unified guarantee platforms according to local conditions, introduce relevant support policies, and increase guidance and training on credit risk management for service trade enterprises. Improve the precision of export credit insurance policies. Deepen the information sharing mechanism with relevant insurance institutions for service trade enterprises, and strengthen the business guidance for service export certification. Increase the supply of financial services to small and medium-sized enterprises, and improve the convenience level of insurance services based on the characteristics of enterprise foreign exchange collection and settlement and the needs. Based on the characteristics of service trade, improve the quality and efficiency of underwriting and claims services. Encourage banks to expand the credit enhancement function of policy financing and optimize business processing procedures. Optimize cross-border capital flow management. Orderly promote the pilot of integrated domestic and foreign currency fund pools for multinational corporations, support service enterprises to join the pilot of multinational corporation fund pool business as member enterprises, and facilitate the allocation of funds within the group. The notice specifies the need to improve the facilitation level of cross-border fund settlement in service trade. Continuously promote the facilitation of service trade settlement and guide banks to optimize cross-border fund collection and payment procedures for honest and compliant enterprises. Encourage banks to optimize their audit methods and improve the efficiency of fund settlement for small and high-frequency service trade transactions between enterprises that have long-term cooperation both domestically and internationally. This is the first time that China has introduced comprehensive and systematic policy measures for service exports, mainly including financial and tax support, financial support, regulatory facilitation, and international market development. ”Nie Pingxiang, a researcher at the Research Institute of the Ministry of Commerce, told a reporter from China Securities Journal. Nie Pingxiang believes that the introduction of the above policy measures will inject new momentum into the traditional service export field. Regarding the traditional export of travel services, the above policy measures clearly propose encouragement directions and specific requirements. Focusing on entry scenarios such as sightseeing tourism, participating in competitions, and living for the elderly, the key is to promote the facilitation of entry consumption and further strengthen the international competitiveness of travel service exports, "said Nie Pingxiang. In addition, the above policy measures focus on cultivating knowledge intensive service exports closely related to the digital economy and green economy, as well as exports in service fields closely related to production services, such as high-end design, research and development, accreditation and certification, which will have a significant promoting effect on knowledge intensive service exports. (New Society)