Everbright Bank's Hefei Branch launches its first cross-border financial blockchain service platform business

On December 13, China Everbright Bank Hefei Branch successfully handled an inbound remittance of US $ 8.4 million for an enterprise, marking the official landing of the bank's first cross-border financial blockchain service platform business, further expanding the financing channels for SMEs. The cross-border financial blockchain service platform was developed by the State Administration of Foreign Exchange. It takes full advantage of the combination of blockchain technology and foreign exchange business processes to handle cross-border trade financing for corporate customers.