浙江稠州商业银行实现首笔沙特里亚尔跨境结算

Core Insights - Zhejiang Chouzhou Commercial Bank has achieved a significant milestone in cross-border financial services by successfully executing its first Saudi Riyal cross-border settlement, demonstrating its efficiency in small currency transactions and marking an important step in building its "borderless cross-border" international business brand [1][2] Group 1: Cross-Border Financial Services - The bank completed a cross-border remittance process in approximately 30 minutes, showcasing its professional and efficient service capabilities in the small currency settlement sector [1] - A customer engaged in daily necessities exports to Saudi Arabia faced challenges with traditional USD remittance taking several days, which affected cash flow and supply efficiency [1] - The introduction of a direct clearing channel for Saudi Riyal by Chouzhou Bank provided a timely solution for the customer, who expressed satisfaction with the high efficiency of the service [1] Group 2: International Business Development - Chouzhou Bank has established a network connecting over 970 banks in more than 100 countries, enabling direct clearing capabilities for 21 currencies, including the Saudi Riyal [2] - The bank focuses on developing a multi-layered cross-border financial product system, supporting the "Belt and Road" initiative and aiding small and medium-sized enterprises in cross-border operations [2] - Future plans include enhancing multi-currency settlement and exchange rate risk management for enterprises, leveraging digital technology to optimize cross-border service processes and expand local clearing channels in emerging markets [2]