Jiangnan TimesOn December 20, the new policy on capital account digitalization was officially implemented. On the same day, China CITIC Bank launched the country's first digital capital account business, promoting cross-border investment and financing facilitation with high-quality digital financial services.
Recently, in order to implement the spirit of the financial work conference, the People's Bank of China and the State Administration of Foreign Exchange issued the Notice on Improving the Digital Service Level of Banks' Capital Project Business, guiding eligible banks to handle capital account digital business for qualified business entities through online review of electronic documents in accordance with regulations. After the issuance of the notice, China CITIC Bank actively explored the needs of enterprises, deployed branches to fully communicate with the local foreign exchange bureau, and used the online capital account tool developed by the bank - "Capital Treasure" to escort enterprises to handle capital account business online.
"Capital Treasure" is an online product launched by China CITIC Bank to implement the supervision of digital services for capital accounts, which helps enterprises complete the online handling of capital account disbursement without leaving home, greatly saving the time of enterprises to handle it over the counter. At the same time, relying on China CITIC Bank's leading financial technology capabilities, the product can realize the intelligent and automatic generation of payment order letters, making business development more convenient and compliant. On the morning of December 20, China CITIC Bank Guangzhou Branch used "Capital Treasure" to handle online capital settlement and transfer business for a high-end general aviation aircraft enterprise in Dongguan, providing fast, professional and flexible services for the enterprise and landing the country's first digital capital account business.
China CITIC Bank said that it will take this opportunity to continue to implement the policy requirements of the People's Bank of China and the State Administration of Foreign Exchange, give full play to the advantages of the bank's digital products, continue to improve the level of digital capital account services, and take the development concept of "CITIC large foreign exchange, global value chain" to handle capital project business in compliance and efficiency for corporate customers, create the best customer experience, and shape the new pattern of "value foreign exchange" of China CITIC Bank.