It was recently learned that since the start of this year, Bank of China Guangxi Branch had strengthened bank-government linkages to help Guangxi stabilize foreign trade and foreign investment while maintaining rapid development of various indicators of trade finance business.
It is reported that in the first half of the year, the branch took the initiative to meet the financing needs of enterprises, and continued to support the development of foreign trade enterprises in Guangxi by providing import and export financing. In addition, the branch continued to reduce corporate financing and settlement costs by reducing fees and making concessions to companies. According to statistics, as of the end of June, the branch had accumulatively invested nearly 6 billion yuan in import and export financing for “stabilizing foreign trade”; handled 500 million yuan in financing through the cross-border blockchain platform of the State Administration of Foreign Exchange; processed over 50 yuan in international trade settlement, a year-on-year growth of 936 million US dollars, and an increase of 21.99%; and dealt cross-border RMB business with a total of nearly 10 billion yuan, increasing by 3.433 billion yuan compared with that of the same period of last year, a growth of 56.54%.