Hohhot city launches new cross-border e-commerce policies
The China (Hohhot) Cross-border E-Commerce Comprehensive Pilot Zone located in Hohhot, Inner Mongolia [Photo/people.com.cn]
New measures will boost the cross-border e-commerce development of the China (Hohhot) Cross-border E-Commerce Comprehensive Pilot Zone -- including issuing 200 million yuan ($28.78 million) in subsidies spread over three years -- according to local officials.
The initiative was announced by officials at a news conference in Hohhot, capital of North China’s Inner Mongolia autonomous region, on Aug 11.
They said the subsidies will provide two-way and multi-level support to cross-border e-commerce companies, cross-border e-commerce platforms, offline cross-border business parks and experience stores, among other things.
Officials said priorities will be given to eight types of cross-border e-commerce companies, including those with an annual import and export transaction volume of $100,000.
The China (Hohhot) Cross-border E-Commerce Comprehensive Pilot Zone was officially launched on June 10.
The State Council, China’s Cabinet, officially approved its establishment on July 24, 2018 and Hohhot became one of the third group of cities in China to establish a cross-border e-commerce pilot zone.
According to plans, the pilot zone will develop as a key part of Hohhot’s Horinger new area, creating two cross-border e-commerce service platforms for online public services and the development of offline parks.
Officials said it will improve the six major systems of information sharing, financial services, intelligent logistics, e-commerce credit, statistical monitoring and risk prevention and control. It will also focus on building a new internet plus foreign trade e-commerce model to serve Hohhot, as well as the wider autonomous region.
The pilot zone is being positioned as the ‘Mongolia-Russia’ northbound trade and commerce channel. At present, the online public service platform has realized data exchange and interconnection with the customs, taxation, foreign administration, market supervision and other departments.