CITIC Bank Beijing Branch's Foreign Exchange Business Pilot Achievements Are Remarkable

(Source: Qianlong.com)

CITIC Bank Beijing Branch actively fulfills its role as a pilot bank, deeply promotes foreign exchange business reform, and has achieved a series of substantive breakthroughs and positive results. These efforts inject financial momentum into the facilitation of cross-border trade and investment in the capital region and support high-quality economic development.

Since obtaining pilot status in December 2024, CITIC Bank Beijing Branch has fully promoted digital transformation and intelligent upgrades of its business model, accurately implementing customer profiling and classification management. It provides efficient and convenient cross-border services for high-quality enterprises while establishing an effective risk stratification and control system. To date, the bank’s services for high-quality clients handled solely by instructions cover all scenarios including goods, services, and capital. As the foreign exchange business expands, the bank continuously broadens its market scope, including a wide range of reputable small and medium-sized enterprises that operate honestly and comply with regulations, integrating them into facilitation services and allowing them to fully enjoy the policy benefits of “the more honest, the more convenient.”

A certain internet company’s capital payments within the country are frequently used, and the company has spent considerable human and time resources on document preparation. Now, the company can handle domestic capital payments simply by issuing instructions, leveraging the convenience of the reform that allows business operations to be conducted via instructions. This reduces the financial department’s burden and significantly improves capital utilization efficiency.

CITIC Bank Beijing Branch actively responds to the strategic deployment of “promoting high-level opening,” based on the functional positioning of the capital as a “Four Centers,” and fully leverages CITIC Group’s internationalization advantages. The branch continues to enhance the quality and scope of foreign exchange business reform, constantly improving cross-border investment and financing facilitation, and helping market entities better integrate into the global industrial and value chains.

Massive information, precise analysis, all on Sina Finance APP