BEIJING, Sept. 25, 2023 /CNW/ — The Agricultural Financial institution of China (ABC), one of many nation’s 4 large state-owned lenders, launched a worldwide matchmaking platform on the 2023 Belt and Highway Agricultural Cooperation and Improvement Discussion board held in Beijing Thursday by the Division of Worldwide Cooperation with the Ministry of Agriculture and Rural Affairs, China Financial Info Service and ABC.
Primarily based on ABC’s international buyer assets and power of monetary know-how analysis and improvement, the platform can intelligently match and precisely push enterprise alternatives for each home and overseas provide and demand events, and supply info launch and enterprise alternative matching companies relating to initiatives, commodities, companies, and exhibitions, and so on.
By converging enterprise info globally, it might successfully promote connectivity at residence and overseas, serving to home and overseas enterprises get entry to easy industrial and provide chains.
Over time, ABC has constantly enriched its product system, launching greater than 80 sorts of cross-border monetary merchandise in seven classes of account, settlement, financing, monetary credit score, buying and selling, funding banking and trusteeship, constructing a “cross-border plus” service system, and establishing a cross-border monetary product system, in order to completely meet the monetary wants of enterprises.
Within the first half of 2023, ABC’s home and overseas branches dealt with in complete about 118.7 billion U.S. {dollars} of worldwide enterprise associated to 64 Belt and Highway nations.
The financial institution has additionally intently adopted the tempo of RMB internationalization and actively served clients’ demand for cross-border use of RMB in commerce transactions with the Belt and Highway nations.
For the reason that Belt and Highway Initiative was put ahead in 2013, ABC has dealt with greater than 15 trillion yuan of cross-border RMB settlement. It has additionally successively launched the itemizing and buying and selling of RMB with Vietnamese Dong, Laotian Kip, Thai Baht and different currencies within the Belt and Highway nations.
In serving regional improvement, ABC launched an motion plan in 2022 to serve the implementation of the Regional Complete Financial Partnership (RCEP). Within the first half of 2023, it dealt with 117.8 billion U.S. {dollars} of worldwide settlement and supplied 52.8 billion yuan of worldwide commerce financing within the RCEP area.
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SOURCE Xinhua Silk Highway
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