China Minsheng Banking Corporation (CMBC) has selected Surecomp’s end-to-end trade finance solution to automate their trade service operations.
Mr Lin Zhihong, general manager of CMBC’s trade finance department comments: “CMBC selected Surecomp as its trade finance solution technology partner because Surecomp was able to demonstrate conclusively the benefits that their automated solution will bring to CMBC’s daily trade finance operations.
He adds: “The growth of our trade finance operations is a cornerstone of CMBC’s current five-year development programme. The development programme symbolises the bank’s re-positioning and strategic transformation from a new enterprise to a mature business, and will see CMBC further perfect and stabilise business growth both in China and further afield.”
CMBC was established in January 1996, and was the first bank to be owned predominantly by non-government enterprises. It has over 300 branches in China, and working relations with 700 overseas banks. It is headquartered in Wuhan, in the central Chinese province of Hubei.
Last Updated September 29, 2008
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