CHINA ​BOC conducts 1st B/L financing for Chang'an China-Europe freight train

CHINA

​BOC conducts 1st B/L financing for Chang'an China-Europe freight train

Xinhua

13:26, August 20, 2021

A China-Europe freight train bound for Kazakhstan prepares for departure at Xi'an International Trade & Logistics Park in Xi'an, northwest China's Shaanxi Province, Aug. 11, 2021. This is the 10,000th China-Europe freight train trip from Shaanxi Province. (Photo: Xinhua)

Bank of China (BOC) Shaanxi branch on Tuesday conducts its first financing business of through bill of lading (through B/L) for Chang'an China-Europe freight train, marking BOC's first credit loan for railway bill.

The bill is issued by Xi'an Free Trade Port Construction and Operation Co., Ltd, a company responsible for the operation of train, with financing services supported by BOC Shaanxi branch and cargo transportation insured by BOC Insurance, which altogether provides efficient and convenient financial services for enterprises carrying out cross-border trade.

The business highlights the BOC's financial innovation to serve China-Europe freight train and stabilize foreign trade and investment.

Chang'an China-Europe freight trains which depart from or arrive in Xi'an, capital of northwest China's Shaanxi Province, have made great progress in building an important channel for international trade, with its high efficiency and low cost.

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