Since 2025, the State Administration of Foreign Exchange (SAFE) Maoming branch has deepened financial reforms to facilitate cross-border trade and investment, while enhancing exchange rate risk management services for local enterprises.
Cargo ships at Maoming Port.
Maoming has expanded its high-level opening-up initiatives. From January to August 2025, banks processed 1,537 cross-border trade facilitation transactions totaling 155 million USD, representing a 6.16% year-on-year increase. Capital account facilitation services saw 79 transactions worth 20 million USD, surging 43.5 times from the previous year.
To support SMEs, SAFE Maoming organized training sessions on hedging strategies, promoting awareness of "risk-neutral" practices. The city’s foreign derivative contracts doubled year-on-year, with hedging rates rising to 30%, an increase of 10 percentage points.
SAFE Maoming reaffirmed its commitment to optimizing foreign exchange services, facilitating cross-border financing, and supporting Maoming’s high-quality open economic development.
Reporter & Photo: Yang Jianxiong
Editor: Huang Qini, James Campion, Shen He
