The reporter learned from many people in the Fujian banking industry that since the outbreak of the Japanese round of tariff war on April 8, some local banks have increased their exchange rate safe-haven products and services to help foreign trade enterprises manage exchange rates “risk-neutral” in an environment where market fluctuations have intensified. According to the materials obtained by the reporter, in order to reduce the exchange rate hedging costs of enterprises, some banks have reduced the capital costs of foreign trade enterprises by exempting eligible enterprises from paying foreign exchange derivatives security deposits. In addition, in response to the needs of enterprises such as foreign trade to domestic trade, export transfers, and cross-border investment affected by tariffs, some banks also specifically provide low-cost foreign currency financing to meet the cross-border financial needs of foreign trade enterprises during special periods.

The reporter learned from many people in the Fujian banking industry that since the outbreak of the Japanese round of tariff war on April 8, some local banks have increased their exchange rate safe-haven products and services to help foreign trade enterprises manage exchange rates “risk-neutral” in an environment where market fluctuations have intensified. According to the materials obtained by the reporter, in order to reduce the exchange rate hedging costs of enterprises, some banks have reduced the capital costs of foreign trade enterprises by exempting eligible enterprises from paying foreign exchange derivatives security deposits. In addition, in response to the needs of enterprises such as foreign trade to domestic trade, export transfers, and cross-border investment affected by tariffs, some banks also specifically provide low-cost foreign currency financing to meet the cross-border financial needs of foreign trade enterprises during special periods.