The China International Import Expo (CIIE), which concluded on Sunday, witnessed a remarkable contribution from the Bank of Communications, the only state-owned large commercial bank headquartered in Shanghai. For the seventh consecutive year, the bank solidified its role as a vital financial partner to global exhibitors, enhancing cross-border trade and investment opportunities.
Acting as a “core support enterprise” for the third year in a row, the Bank of Communications facilitated seamless financial services for international participants, effectively building a “financial bridge” that connected markets and businesses across the globe. By providing innovative solutions, the bank ensured that transactions were efficient and secure, fostering a conducive environment for international trade.
“Our commitment is to provide comprehensive cross-border financial services that meet the evolving needs of global businesses,” said Tu Hong, Chief Business Officer of the bank’s interbank and market business sector. “Through leveraging advanced technologies like blockchain and digital currency tools, we are enhancing trade with partner countries involved in the Belt and Road Initiative.”
The bank’s focus on technological innovation reflects a strategic move to support international trade dynamics. By integrating blockchain technology and exploring digital currency applications, the Bank of Communications is positioning itself at the forefront of modern banking solutions, offering clients enhanced security and efficiency in their transactions.
The CIIE serves as a significant platform for promoting international trade and economic cooperation. The active participation of financial institutions like the Bank of Communications underscores the importance of financial support in facilitating global commerce. As businesses navigate the complexities of cross-border trade, reliable financial services become crucial in driving growth and forging sustainable partnerships.
With its ongoing efforts, the Bank of Communications continues to play a pivotal role in strengthening China’s economic ties with the global community, contributing to the success of international events like the CIIE and supporting the broader goals of economic openness and collaboration.
Reference(s):
Bank of Communications boosts support for global exhibitors at CIIE
cgtn.com
