On July 18, the State Administration of Foreign Exchange (SAFE) Huizhou Branch announced that in the first half of this year, the forex hedging ratio of enterprises in Huizhou reached 45.23%, exceeding the provincial average by 12.77 percentage points. This marks the sixth consecutive month in which Huizhou has led the province in this metric.
A worker operates in the workshop of an enterprise in Huizhou.
One Huizhou-based tech company, specializing in the production and sales of energy storage lithium batteries—including exports—saw its overseas sales surpass $5 million in Q1, followed by explosive growth. "Despite rapid increases in monthly foreign exchange receipts, exchange rate fluctuations could severely impact profits," said a company executive.
After learning of this situation, SAFE Huizhou Branch directed China Merchants Bank Huizhou Branch to provide on-site assistance. The bank delivered a tailored solution to address financing and forex risks. By May, the company had secured $700,000 in cross-border financing and hedged over $1 million in forex exposure.
Reporter | Liu Guangmingbao
Photo | Liang Weichun
Editor | Huang Qini, James, Shen He
