App

Ministry, ICBC to support virus-hit foreign trade, foreign-invested firms
Updated: April 13, 2020 21:08 Xinhua

BEIJING — China's Ministry of Commerce (MOC) has inked a memorandum of understanding with the country's biggest commercial lender, the Industrial and Commercial Bank of China (ICBC), to help foreign trade and foreign-invested firms counter the impact of the novel coronavirus epidemic.

The bank will step up credit support and offer its one-stop cross-border services integrating clearing, trading and financing functions to help firms stabilize their operation while improving efficiency, according to an online announcement on the MOC's website.

Both parties will work together to keep the country's foreign trade and investment steady in a bid to secure victory in epidemic control as well as economic and social development, the announcement said.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218