On November2, with support of ICBC Guangzhou Nansha Branch, Guangzhou Shipping ExchangePlatform (GSEP) successfully completed 6 oversea PSVs’ online bidding withactive bidders from Africa, America and Asia(Middle East). This commonachievement of success in deliver high efficiency, convenience and first classservice attributes to the cooperation with ICBCGuangzhou NanshaBranch, also marks our new milestone and new start of the internationaldevelopment of GSEP, and continually make our contributions to theinternational development of Guangdong-Hong Kong-Macao Greater Bay Area andGuangzhou International Shipping Hub.
New Possibilities under the Pandemic
Withthe sudden outbreak of the novel coronavirus pandemic, international shippingmarket suffered great difficulties in trading; Guangzhou Shipping Exchange Co.,Ltd.(GSE) seized our opportunity to accelerate the R&D of our new bilingualonline trading platform. We offer our clients with a platform with which theycan bid online, escrow funds and make payments and settlements directly online.Our V1.0 had completed its R&D, with our bilingual design we expand ourservice of listing, ship inspection, funds escrow, contract signing by video,documents and vessel delivery to clients all over the world, which help ourclient out of their difficulties of impossible to inspect, sign contract,delivery of ships and currency settlement after the outbreak of pandemic. GSEPhad won the favor of global clients by its safe, convenient and efficientservice.
Breakthrough of Long-standingDifficulty——Transaction Settlement
GSE has been trying to innovate in the settlement offoreign currency funds for overseas ship trading. With the support of NanshaFTA and industry regulators, ICBC Guangzhou Nansha Branch cooperated with GSEhas piloted in the innovation of shipping transaction funds settlement indomestic. Both parties has bring the advantages of monetary policies andinnovative polices of Nansha New District and Nansha FTA into full play whichallowed GSEP to offer foreign currency settlement including USD, EURO, HKDetc., and speed up the gathering of shipping transaction elements in SouthernChina and even Southeast Asia in Nansha FTA. This effectively promote thedevelopment of Nansha FTA as the main bearing area of Guangzhou internationalshipping hub and the core functional area of international shipping center,help the international development of shipping trade and shipping Finance inGuangdong-Hong Kong-Macao Greater Bay Area, and promote the construction ofGuangzhou international shipping hub development.
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