On April 21, 2015, China (Tianjin) Pilot Free Trade Zone (FTZ) Branch of Agricultural Bank of China Limited (ABC) was approved and officially established, becoming one of the first banking financial institutions for business in the FTZ. On the same day of establishment, the Branch finished the first RMB20 million cross-border loan business, enabling enterprises to enjoy the bonus of new policies immediately.
ABC Tianjin Branch well seized the favorable development opportunities of five overlapping strategies. The strategies include FTZ construction, coordinated development of Beijing-Tianjin-Hebei region, "One Belt and One Road", development and opening up of Binhai New Area and building of national innovation demonstration zones. Closely following the construction pace of Tianjin FTZ the Branch continuously innovated in series of financial products and improved the service system, effectively meeting the customer demand.
In order to promote orderly progress in free trade zone business, ABC Tianjin Branch set up a leading group, which steadily drove ahead related work. It strengthened policy interpretation and analysis and identified directions of product innovation, ensuring effective work implementation. It also organized trainings on free trade zone business for employees several times, embedding the "free trade" business concept and shaping the sound atmosphere of "understanding and being able to handle free trade business across the Branch".
ABC Tianjin Branch actively seized the policy opportunities of the FTZ to meet the financial demand of customers. Recently, it successfully held the promotion meeting on free trade business themed "Sailing off for Cross-border Integration", staging a platform for bank-enterprise communication. Experts were invited to explain financial policies of the FTZ and introduce free trade financial products and foreign exchange products. The event attracted representatives of nearly 200 enterprises and eight of them signed cooperation agreements on free trade business with ABC on the site. The meeting deepened the bank-enterprise cooperation relationship and laid a sound foundation for launch of corporate free trade business.
After Tianjin FTZ was established, ABC Tianjin Branch earnestly studied and adapted to related policies. Focused on both domestic and international market, it strived to build a comprehensive financial service system. The system aimed to cover a series of cross-border financial products such as cross-border RMB, global cash management in local and foreign currencies, foreign exchange capital trading and cross-border investment and financing. By tapping into the favorable opportunity of unveiling of the FTZ, it made great efforts to enhance brand influence of ABC in free trade business and improve service quality. Free trade business turned into the new engine of transformation and upgrade of the Branch and new height of product innovation. In the future, the Branch will try harder to meet financial demand of real economy and provide enterprises with further individualized and specialized financial services. Meanwhile, it will support investment, construction and trade facilitation of Binhai New Area, so as to better serve development of Tianjin FTZ.



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