Recently, the 31st China International Financial Exhibition was grandly held at the Shanghai World Expo Exhibition Center, showcasing the latest innovations and achievements in global fintech and financial services. During the event, China’s Industrial Bank (CIB) participated in the CIPS Cross-Border Bank-Enterprise Cooperation session under the theme “Smart Finance Bright Future.” Aligning with the wave of cross-border RMB development, the bank vividly presented its core strengths and development blueprint in the cross-border finance sector.
In the exhibition area, CIB ingeniously designed a “Data Tells CIB’s Story” display wall, where business data from various segments converged to form the CIB logo. This showcased the bank’s efforts to accelerate business model innovation and fintech applications, aiming to build a “one-stop cross-border financial integrated service system” with a global perspective and integrate its internationalization strategy into all business segments.
In corporate banking, CIB deepened its “Commercial Banking + Investment Banking” strategy, offering services across four major categories: “cross-border trade finance, cross-border capital business, global treasury management, and cross-border innovative services” to meet the overseas expansion needs of tech firms and private enterprises. In retail banking, the bank facilitated clients in seizing global wealth opportunities through measures like waiving cross-border remittance fees and offering the “Cross-border Wealth Management Connect” service. In interbank finance, the bank focused on platform empowerment, collaborating with overseas banks to build a cross-border financial service network, actively participating in various financial market product transactions, and providing efficient clearing, trading, and liquidity support for its international operations. By the end of 2024, CIB’s cross-border RMB settlement volume had exceeded RMB 2 trillion for two consecutive years.
During the event, CIB organized a thematic salon to discuss opportunities and challenges in RMB internationalization under the current environment. It warmly received representatives from over 20 enterprises across industries, offering on-site professional advice and solutions for pain points in cross-border operations. The bank also engaged in lively discussions with global financial institution peers on cross-border financial service innovation and collaboration, exploring new pathways to serve the real economy.
A CIB International Business Department executive stated that China’s deepening high-level opening-up has provided a vast stage for financial institutions to serve the real economy and connect globally. CIB actively responds to national strategies, deeply integrates into the new landscape of opening-up, and continuously enhances its cross-border financial service capabilities. By building a “five-in-one” integrated service system covering domestic and overseas, online and offline, local and foreign currencies, onshore and offshore, and investment and commercial banking, the bank offers comprehensive solutions for “going global” and “bringing in” enterprises, safeguarding their globalization journey in all aspects.