General Office of the China Banking and Insurance Regulatory Commission and General Office of the Ministry of Commerce, Circular on Launching a Pilot Financial Service Project on Rail Transport Documents to Better Support the Development of Cross-Border Trade

中国银保监会办公厅、商务部办公厅关于开展铁路运输单证金融服务试点更好支持跨境贸易发展的通知

Banks are encouraged to take railroad transport documents as documents acceptable for settlement and financing.

1 minute readOctober 12, 2022 at 07:35 AM

Susan Mok

Issued: August 5, 2022

Main contents: Banks are encouraged to innovate with reference to the financial services model associated with maritime bills of lading, take railroad transport documents the risks associated with which are controllable as documents acceptable for settlement and financing,

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