At this season's Zhangjiajie Plant Extraction Industrial Park in Hunan, the fragrance of Dangui wafts. In the production workshop of a certain biotechnology company, we can see that plant extraction products such as tannic acid and gallic acid are constantly being produced and ready to be loaded onto trucks for transportation. "These products are sold to countries such as Japan, South Korea, the United States, and Spain, and there is no worry about having no way out," Mr. Xiong, the company's CFO, introduced to the reporter who came to interview.

Zhangjiajie, located in the Wuling Mountain area of Hunan Province, is rich in natural plants such as gallnuts, ginger, Fructus Aurantii, and berry tea. Based on these resource advantages, in recent years, the city has increased the cultivation of biopharmaceutical, food processing, aerospace, and microelectronics industry chains related to plant extraction, relying on the "China Cuigu" plant extraction industrial park, and is committed to building a national highland for plant extraction industry. As of now, multiple leading enterprises in the industrialization of plant extraction have gathered in the park, and more than ten types of products produced and processed are exported to foreign countries.

The development of the plant extraction industry not only requires technological innovation, but also relies on financial support. In order to promote the rapid and healthy development of the plant extraction industry cluster, the Zhangjiajie Branch of the State Administration of Foreign Exchange continues to provide high-quality foreign exchange services, organizes and holds policy lectures for foreign exchange banks and enterprises, carries out the special action of "Director's visits to districts and counties, foreign exchange stable growth", delivers policies and demands to enterprises in the park, and accurately transmits various convenient foreign exchange policies to stabilize enterprises and relieve difficulties. In recent years, multiple enterprises in the park have obtained a total of 228 million yuan in credit funds and processed trade foreign exchange receipts and payments of 22.78 million US dollars, effectively meeting the financial needs of park enterprises in the process of industrial chain integration and extension.

"Now our foreign exchange settlement and sales business can be completed online within 5 minutes, which is much more convenient than before," Mr. Xiong sighed. As a leading enterprise in the plant extraction industry in Zhangjiajie, this enterprise has a large volume of foreign exchange settlement and sales business. Before conducting pilot projects to facilitate trade foreign exchange receipts and payments, handling foreign exchange settlement and sales business required a lot of time and manpower for the enterprise. After being informed by the Zhangjiajie Branch of the State Administration of Foreign Exchange, the company has been included in the pilot program for facilitating trade and foreign exchange receipts and payments, providing enterprises with a full process, automation, and non impact foreign exchange fund collection and payment, striving for "instant application and minute processing". Since the pilot, the enterprise has handled 99% of its foreign exchange transactions, truly achieving seamless payment and receipt without leaving the home.

To further solve the financing difficulties of enterprises, the Zhangjiajie Branch of the State Administration of Foreign Exchange actively cooperates with departments such as the Municipal Science and Technology Bureau, the Industry and Information Technology Bureau, the Commerce Bureau, and the Taxation Bureau to formulate the "Guiding Opinions on the Development of Zhangjiajie Plant Extraction Industry", introduce preferential policies such as financing, foreign exchange, and taxation, support the development of the plant extraction industry, and include park enterprises in the scope of government unified security platforms to provide credit insurance and credit enhancement support for enterprises. At the same time, we will guide designated foreign exchange banks to innovate and carry out "blockchain+trade financing" business, increase credit limits, and effectively solve the problems of extended export collection time and tight funds for enterprises. As of now, designated foreign exchange banks within their jurisdiction have processed "blockchain+trade financing" of 3.58 million yuan for plant extraction enterprises in the park, increasing credit by 25 million yuan.

The bureau also collaborated with the commerce and finance departments of the city to introduce the "Implementation Plan for Exchange Rate Hedging of Small and Medium sized Enterprises in Zhangjiajie City", introducing exchange rate hedging compensation policies, promoting the implementation of foreign trade incentive funds for derivative cost subsidy policies, guiding banks to innovate products and service channels, and handling exchange rate hedging businesses for enterprises such as forward foreign exchange settlement and sales and "option one yuan purchase". Actively promoting cross-border RMB settlement, guiding a technology company engaged in the extraction of hesperidin industry to convert all trade receipts of goods exported to Spain from Euro settlement to cross-border RMB settlement, helping enterprises reduce exchange costs and enhance exchange rate hedging capabilities. As of now, the enterprise has accumulated a total of RMB 68.75 million in foreign exchange receipts from goods trade, reducing the exchange loss of RMB 3.7512 million for the enterprise. Guide a biotechnology company in Zhangjiajie to sign a $2 million forward foreign exchange settlement and sales agreement with a bank within its jurisdiction, effectively avoiding exchange rate risks.