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ICBC Set up Two-way Cross-border RMB Business Funding Pool for Multinational Enterprise
 

According to relevant policies and provisions of regulatory authorities on supporting China(Shanghai) free trade zone to expand of cross-border use of RMB, recently, Industrial and Commercial Bank of China Shanghai branch, collaborated with Tokyo branch, have established two-way cross-border RMB business funding pool for HITACHI GROUP, which successfully realized the intra-group reallocation of funds between Shanghai and Tokyo.

The establishment of cross-border RMB business funding pool helps HITACHI GROUP to increase finance channels, enhance the efficiency of funds, and realize the unified management and allocation of global funds.

ICBC will seize the opportunities that derive from financial policies of China(Shanghai) free trade zone, equip itself by innovative service concept, and take advantage of globalization to support the business of multinational enterprises in China by providing finest financial services. ICBC will continue to make contribution to the new pattern of China's economic development.


(2015-07-30)
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