CBHB "Bohai Bank Global Swift 4.0" adds new features to build a "fast lane" for cross-border finance.

On the occasion of the 6th China International Import Expo, under the policy of "stabilizing foreign trade and investment" and the strategic guidance of "Belt and Road" and "internationalization of the RMB", CBHB Co., Ltd. (referred to as "CBHB") has successfully launched the industry-leading "Receivables Predict" function for its "Bohai Bank Global Speed Remittance" product. Building on the services of "SMS Notification," "Transparent Showcase," and "BaiBitong" provided by "Bohai Bank Global Speed Remittance 3.0," the updated "Bohai Bank Global Speed Remittance 4.0 - Receivables Predict" provides comprehensive advance notification of the status of corresponding receivables for export receivable enterprises as well as core remittance data. This assists foreign trade enterprises in achieving efficient and convenient cross-border remittance business and optimizing supply chain and cash flow management. New functions, new "engine," to accelerate cross-border finance 2023 marks the tenth anniversary of the co-construction of the "Belt and Road" initiative, and the "Belt and Road" has become a frequent term at the 6th Import Expo. In the process of assisting China in firmly promoting high-level opening-up, CBHB fully leverages its advantages in the field of cross-border finance and actively responds to the "stabilization of foreign trade and investment, expansion of high-level financial opening-up, and better service for 'going global' and 'Belt and Road' construction" proposed at the Central Financial Work Conference by providing innovative financial solutions for enterprises through products such as "Bohai Bank Global Speed Remittance." The main breakthrough of "Bohai Bank Global Speed Remittance 4.0" lies in its "Receivables Predict" function. With the slowdown of global economic growth and the increasing uncertainty of capital flows, enterprises need more tools to cope with this challenge. The launch of the "Receivables Predict" function not only provides real-time receivables prediction for foreign trade export enterprises but also provides comprehensive information on core remittance data. Enterprises can have a clear understanding of the source and specific situation of funds, which helps them better understand the flow of funds, accurately plan funds, avoid exchange rate fluctuation risks, and greatly improve the efficiency of their fund management. Especially when the "Receivables Predict" is combined with the remittance status inquiry covered by the previous product functions, it realizes the visualization of cross-border payment flow at both ends, providing enterprise customers with an end-to-end view of cross-border payment flow in a standardized manner, presenting a timely and complete trace and inquiry of the full chain of fund information. This brings a brand-new payment experience to enterprises and effectively helps optimize their supply chain and cash flow management. The "Receivables Predict" function of "Bohai Bank Global Speed Remittance" is an important part of the bank's support for Chinese export enterprises and has received positive feedback from export enterprises since its launch. The person in charge of finance from a Fuzhou foreign trade export enterprise stated, "This function has made our fund management much easier. We can know in advance the status of funds received, and no longer need to worry about insufficient funds. This is very helpful for our operation." Since the first launch of "Bohai Bank Global Speed Remittance 1.0" in December 2022, CBHB has been continuously working to support export enterprises, based on the three advantages of "fast remittance speed, transparent intermediate bank fees, and full tracking." With the 3.0 version, the bank introduced the industry's first "Global Navigation - Transparent Showcase" function and "BaiBitong" service, helping customers have a clear understanding of the full picture of cross-border remittance funds, information flow, and business flow through dynamic maps. This achieves timely arrival of funds, transparent fees, full tracking, and provides functions for synchronous inquiries through SMS, corporate online banking, and WeChat public account, as well as the ability to provide cross-border bidirectional payment functions for dozens of small currency types. In the new era, cross-border finance undoubtedly becomes an important force to support higher quality development and higher level opening up. As the only nationwide joint-stock commercial bank initiated and established by foreign banks, CBHB will continue to focus on the national strategy of "dual circulation," uphold the principle of serving the real economy, respond to the requirements for high-quality development of foreign trade, deeply cultivate cross-border finance with its innovation advantages, and contribute financial strength to promoting high-level opening to the outside world.