ICBC(SH:601398) Zhong Guo Jin Rong Xin Xi Wang·2025-06-27 09:28Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Ningbo Branch is actively enhancing financial services to support the high-quality development of Ningbo's outward-oriented economy, focusing on cross-border trade and investment facilitation, and aligning with national policies for financial openness [1][2]. Group 1: Cross-Border Trade and Investment Facilitation - ICBC Ningbo Branch has established a comprehensive facilitation system combining policies, scenarios, and services to promote high-level openness in cross-border trade and investment [2]. - Since obtaining the qualification for high-level cross-border trade pilot banking in February 2024, the bank has successfully executed over $8 billion in cross-border trade investment pilot business for more than 100 quality enterprises [2]. - The bank has implemented innovative solutions such as digital currency applications in cross-border payment scenarios, enhancing the efficiency of cross-border transactions [5]. Group 2: Integrated Fund Pooling for Multinational Corporations - The People's Bank of China and the State Administration of Foreign Exchange have optimized policies for multinational corporations' integrated fund pooling in Ningbo and other regions, with ICBC Ningbo Branch providing immediate policy interpretation and support for enterprises [3]. - The bank has facilitated rapid processing of foreign debt and cross-border payment transactions, significantly improving the efficiency of fund management for enterprises [3]. Group 3: Support for New Foreign Trade Models - ICBC Ningbo Branch is adapting to new trends in foreign trade, such as cross-border e-commerce and overseas warehouses, by providing tailored financial services and support for enterprises in these sectors [4]. - The bank has served 131 clients in new foreign trade models, processing nearly $6 billion in international settlements throughout 2024 [4]. Group 4: Financial Support and Risk Management - The bank is actively engaging with enterprises to understand their business needs and providing support for offshore trade and global procurement [5]. - ICBC Ningbo Branch has launched initiatives to enhance financial market information transmission and promote risk management strategies among small and medium-sized foreign trade enterprises [7]. Group 5: Strategic Collaboration and Market Expansion - The bank collaborates with local government and financial institutions to implement measures supporting foreign trade enterprises, including a joint lending mechanism and fee reduction activities [9]. - ICBC Ningbo Branch is leveraging its international network to provide efficient cross-border financial services, facilitating the global expansion of local enterprises [9].