ChinaCITICBanklaunchedsevenmeasurestofullysupportthe”stabilizationofforeigntrade”duringtheepidemic
CITICBankresolutelyimplementstheimplementationofnationalpolicydecisionsanddeployments.UndertheguidanceofthePeople’sBankofChina,theChinaBankingRegulatoryCommission,andtheStateAdministrationofForeignExchange,sevenmajormeasureshavebeenintroducedtoactivelysupporttheworkof”stabilizingforeigntrade”duringtheoutbreak.  Oneistocutfeesandmakeprofits.Significantreductionsandexemptionsoncross-borderremittancefees,telegramfees,andannouncementfeesrelatedtoepidemicpreventionandcontrol;reducecorporatefinancialcosts.  Thesecondistheserviceprocess.Combinedwiththefundsettlementneedsofforeigntradecompanies,theonlineserviceprocesswasoptimizedtoimprovetheconvenienceofoff-siteandpaperlessbusinessprocessingforcustomers.Inthepilotareasofthepolicy,high-qualitycustomerscansubmitcross-bordersettlementandtransactioninstructionsthroughtheCITICBankonlinebankingsystembasedonscannedcopiesofforeigntradecontractsandbills.  Thethirdisthesettlementefficiency.Deepencooperationwithlocalcustomsandportoffices,andprovideforeigntradeenterpriseswithfastandconvenientcross-bordersettlementservicesonlinethroughthe”singlewindow”ofinternationaltrade;atthesametime,usetheadvantagesofoverseasinstitutionsandglobalagencybankstolaunch”100countriesfreeexchange”products,Toprovidecustomerswithmoreefficientsmallcurrencysettlementservices,toensurethatcustomersarefreefromtheglobaltradechannelofanti-epidemicmaterials.  Thefourthistoservesmallandmicroenterprises.Upgradethe”settlement+Baixinfinancing”productwiththerelatedInternetbankBaixinBank,andopenagreenchannelforimportandexportsmallandmicroenterprises.Fromthefinancinginitiation,quotaapplication,loantoaccount,foreignexchangecollectionandrepayment,thewholeprocessofonlinetransactions,withborrowingandrepayment,withoutanyboycottguarantee,tosolvethesmallandmicroexportenterprisesfinancing”shortandfrequent”appeal.  Fifth,tradefinance.Furtherexpandbranchauthorizations(especiallyWuhanBranch)andoverallquota,acceleratethereleaseofforeigncurrencyloans,importandexportbillsandotherproducts,andstrengthenthereliefofdifficultenterprises;deepenthedockingcooperationwithChina’sexportcreditinsurancecompaniestoinsureexporttradeEnterprisesofinsuranceandothertypesofinsuranceexpandedfinancingsupport.  Sixth,projectfinancing.Strengthenoverseasprojectcontractingof“goingout”enterprisesandsupportingfinancialservicesfortheexportofcompletesetsofequipment,especiallyfinancingsupportforkeyprojectsincountriesalongthe“BeltandRoad”,toundertakeinsuranceforChina’sexportcreditinsurancecompanies,andbearoverseascreditriskorspecificcontractinsuranceTheprojectprovidesagreenchanneltoprovidemulti-lingualandmulti-currencyforeignguaranteeservicesforenterprisesinthefieldsofbidding,performance,andprepayment.  Sevenisthetransactionservice.Therecentglobalepidemichasintensified,andthepriceofcrudeoilhasfluctuatedtremendously,whichhasbroughtabreakthroughtotheglobalfinancialmarket.CITICBankusestraditionalprofessionaladvantagesintheforeignexchangefieldtoreorganizeandprovideenterpriseswithrichexchangerateandinterestrateriskmanagementtoolssuchasforward,swap,andexpenditure;itreplacesthe“financing”forcompaniestoprovideglobalmarketanalysis,productportfoliodesign,andforeignexchangepolicyconsultingonline24/7″Intelligent”servicetohelpenterpriseseffectivelyimproveoperationalefficiencyandcontrolforeignexchangerisks.