Fujian-Guangdong-Hong Kong Single E-Lock Scheme hits 10b yuan in first year

The Fujian-Guangdong-Hong Kong SELS is implemented at Xiamen Xiangyu Comprehensive Bonded Zone. [Photo/Xiamen Daily]

Four trucks loaded with electronic components and cross-border e-commerce parcels departed for Hong Kong under the Single E-Lock Scheme (SELS) cleared customs on July 17. The Fujian-Guangdong-Hong Kong SELS has proved popular among import and export enterprises.

Data shows that since its launch on July 17, 2024, Xiamen Customs has supervised a total of 932 truck trips under this model, with cargo valued at 10.49 billion yuan ($1.46 billion), representing year-on-year growth rates of 24.3 percent and 23.4 percent, respectively. The initiative has benefited nearly 5,000 foreign trade companies.

Unlike traditional road transit customs clearance models, the SELS involves the joint supervision of import and export goods by the customs authorities of Hong Kong and Xiamen, with Shenzhen Customs implementing automated in-transit clearance checks.

This allows cargo to move between the Chinese mainland and Hong Kong without the need for vehicle or lock changes at road ports, enabling automatic and rapid clearance.

In addition to facilitating round-the-clock round trips for transport vehicles, the model helps reduce logistics costs by approximately 28 percent and cuts customs clearance time by around 30 percent. This creates favorable conditions for businesses across the three regions to expand their markets and stabilize and optimize supply chains.

The SELS was extended to Macao on March 26, enabling fast customs clearance under the Fujian-Guangdong-Macao SELS.

The new model also eliminates the risks associated with unpacking and handling fragile goods such as cosmetics during transit.

The Fujian-Guangdong-Hong Kong SELS is officially launched at July, 2024. [Photo/Xiamen Daily]

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