AGRICULTURAL BANK OF CHINA(SH:601288) Sou Hu Cai Jing·2025-06-03 08:38Core Insights - The State Administration of Foreign Exchange (SAFE) in Shanghai has upgraded the cross-border financial service platform to enhance enterprise exchange rate risk management services [1] - Agricultural Bank of China (ABC) Shanghai Branch successfully completed the first exchange rate hedging transaction through this platform on June 3, demonstrating efficient policy response and the application of financial technology in supporting the real economy [1] Group 1 - The upgraded cross-border financial service platform integrates key data such as foreign exchange settlement and payment, providing robust support for banks to efficiently review enterprise derivative transactions [1] - ABC Shanghai Branch effectively utilized the platform to quickly complete the review and assessment of client derivative transactions, significantly lowering the operational costs and barriers for enterprises in managing exchange rate risks [1] - The implementation of this platform has improved the efficiency of commercial banks' derivative business reviews and reduced the costs for enterprises in providing and explaining relevant data [1] Group 2 - ABC Shanghai Branch plans to further deepen the application of the SAFE cross-border financial service platform, continuously optimizing the derivative business process to enhance the convenience and accessibility of foreign exchange financial services for enterprises [2] - The bank is committed to promoting the internationalization of its business operations, aiming to empower corporate clients with efficient and high-quality financial services to support stable growth and development [2] - ABC Shanghai Branch aims to contribute to the high-quality development of Shanghai's foreign-related economy by injecting stronger financial momentum into the real economy [2]