Bank of Huzhou (BOH) actively pursues business collaborations with commercial banks from the Belt and Road countries, offering them financial services. For example, BOH has established RMA with 42 out of a total of the 48 local banks in?Bangladesh. The services provided including?forfaiting, UPAS, and clearing for cross-border RMB settlement. Such services are now expanding to countries in South Asia, the?Middle East, and Africa.
International Business Services
a. LC advising: BOH provides LC advising services to these commercial banks after establishing an RMA relationship.
b. Forfaiting:? BOH providesforfaiting finance to Chinese exportersfor Usance LCs issued to China by these commercial banks.
c. Usance LC payable at sight(UPAS): BOH sets limits for these commercial banksand makes payments at sight for the Usance LC they issue.
d. Refinancing for trade finance: Provided that these banks have limits with Asian Development Bank,BOH offers refinancing for trade finance based on imports from China.
e. Cross border RMB settlement services：BOH provides RMB clearing service to these commercial banks. For example, 9 Bangladesh commercial banks maintain RMB current accounts with BOH, facilitatingcross-border RMB settlement for their clients.
Address: No. 268 Hongqi Road, Huzhou City, Zhejiang Province, China ,313000,E-mail: bankofhuzhou@hzccb.com