Standard Chartered Bank (China) entered the online financing platform

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Category: Ningbo Business

Published: Tuesday, 21 February 2012 10:06

The Ningbo Branch of Standard Chartered Bank (China) recently entered the online financing platform for Ningbo foreign trade enterprises, being the first foreign bank member of the platform. According to the statistics from Ningbo Foreign Trade & Economic Cooperation Bureau, the platform has so far taken in 19000 foreign trade enterprises as corporate members and attracted 272 financing service agencies, and in last year it managed to realize the financing matching with the value of 1.28 billion yuan.

The online financing platform for foreign trade enterprises was jointly established by Ningbo Foreign Trade & Economic Cooperation Bureau and Ningbo Center Branch of People's Bank of China. All foreign trade enterprises and financial institutions in Ningbo can become platform users upon free application. It is learned that all users can not only inquire about related financing information through the platform but also submit or undertake financing demands and take out the import and export credit insurance. In 2011, the platform received 152 financing demands from enterprises with a total value of 1.54 billion yuan, and the accomplished value for financing matching reached to 1.28 billion yuan