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CCB Provides Financial Services for Grain Exporter
The China Construction Bank (CCB) and the China Grain and Oil Export & Import (Group) Co. Ltd. (CGOEIC) signed a financial services agreement Thursday in Beijing.
According to the agreement, CCB will provide CGOEIC with a wide range of financial services including credit line in both local currency and foreign exchange, capital settlement, electronics and online banking, credit card and merchant banking.
Meanwhile, CGOEIC has chosen CCB as its host bank.
CCB has granted a credit line of five billion yuan to support CGOEIC's trading and processing of grain, oil and food, as well as real estate development, property management, goods storage and high-tech development.
He said that CCB will also provide CGOEIC with all-round capital management services as well as financial consultant services.
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