Yuan usage in trade finance

Best Trade Financing Bank in China

Recently, the selection result of “2012 Gold Medal Table of China Financial Institutions・Jinlong Award” was published, in which Bank of China was awarded the Best Annual Trade Financing Bank. The selection was sponsored by Financial Times under the assistance of Institute of Finance and Banking, Chinese Academy of Social Sciences.

Trade Financing is a core advantage business of BOC. As at late November in 2012, by giving play to its advantages of global network, BOC Group broke through USD 2.5 trillion in respect of international settlement amount, with cross-border RMB settlement amount breaking through RMB 2.2 trillion, both of which took the lead worldwide. Business of balance of foreign currency letter of guarantee of domestic institutions absolutely dominated the market, while business volume of two-factor export factoring has topped the world for several years.

Considering the respect of objective and public data as a premise, “Gold Medal Table of China Financial Institutions・Jinlong Award” comprehensively ranks financial institutions in accordance with indicator system, comprehensive evaluation and experts evaluation on participants, this year’s selection paid special attention to performance of financial institutions in supporting of real economy, development through innovation and others. This award revealed BOC’s outstanding strength in the field of trade financing.

You might also like
China & Human Rights, Unemployment Rate, Student Loans
China & Human Rights, Unemployment Rate, Student Loans ...
In China, Stamps Can Make You Rich
In China, Stamps Can Make You Rich

Confronting Terrorism and War

by justyouraveragecitizen

Confronting Terrorism and War
Stephen R. Shalom1
THANKFULLY AND ASTONISHINGLY, it now appears that the original death estimates for the World Trade Center attacks were too high; the actual toll may turn out to be in the neighborhood of three thousand rather than six thousand. But such is the enormity of what happened on September 11 that even if the original count is reduced by half, this was an atrocity of horrific proportions.
In terms of immediate deaths, September 11 was the worst terrorist attack ever to take place in peacetime anywhere in the world. It was the most devastating attack ever -- in war or peace -- on the U.S. national homeland. More lives were lost than in such disasters as the sinking of the Titanic or the Johnstown flood or the San Francisco earthquake or the great Chicago fire -- and this time great tragedy was combined with deeply malicious intent.
Obviously…

The Taliban

by theAmericanway

TARIQ ALI
AFGHANISTAN: BETWEEN HAMMER AND ANVIL
Coveted in the late 19th century by Russian Tsar and British Viceroy alike, Afghanistan’s impassible fastnesses enabled it to avoid occupation by either colonial power. Two British invasions were repelled—a warning to both London and St Petersburg. Eventually an expanding Tsarist Empire and the British Empire in India accepted Afghanistan, still a pre-feudal confederacy of tribes with its own king, as a buffer state. The British, as the more powerful force, would keep a watchful eye on Kabul. This arrangement suited all three parties at the time

McGraw-Hill The Forex Trading Manual: The Rules-Based Approach to Making Money Trading Currencies
Book (McGraw-Hill)
  • Used Book in Good Condition

Popular Q&A

avatar
Why trade finance is attractive to banks?

low risk,profitable,self liquidating and can cross sell

Related Posts
www.redlandsequestrian.com