Industrial Bank Shijiazhuang Branch: Successfully Completed First Import Documentary Credit Automatic Disbursement Transaction

Source: Xinhua Finance

Recently, Industrial Bank’s Shijiazhuang Branch successfully launched its first automatic import bill discounting loan, providing efficient and convenient cross-border financing services for key foreign trade enterprises in Hebei Province. The company submitted an application through the bank’s online document processing system, completing the entire approval and disbursement process within just two hours, marking a new stage of automation in the bank’s cross-border financial digital transformation.

It is understood that this foreign trade enterprise has long engaged in cross-border trade, with high requirements for the timeliness of funds arrival for import procurement. Previously, handling import bill discounting required offline submission of contracts, customs declarations, and other paper documents, which went through manual review and approval by multiple departments, taking about 2-3 days to complete the entire process. “In cross-border trade, the efficiency of capital turnover directly affects procurement timing and cost control. Now, with online applications and same-day disbursement, we significantly reduce time costs, giving us a competitive edge in the international market,” said the company’s financial manager.

“The foreign trade industry demands high timeliness and convenience for capital turnover. Digitalization and automation are key to solving enterprises’ financing pain points,” said the head of the International Business Department at Industrial Bank’s Shijiazhuang Branch. The launch of automatic import bill discounting is a digital reconstruction of traditional cross-border financing modes driven by customer needs. It reduces manual operation risks by over 80%, and each transaction can save enterprises nearly ten thousand yuan in time and financial costs, precisely matching the “short, urgent, fast, and frequent” financing needs of foreign trade companies.

In recent years, Industrial Bank’s Shijiazhuang Branch has continuously deepened its cross-border financial digital transformation, successively implementing innovations such as automated import letter of credit issuance, one-step remittance of domestic ocean freight, and small-currency remittances, building a comprehensive online service system covering trade settlement and financing services. Next, the bank will continue to promote digital products like automatic import bill discounting, optimize service processes, expand application scenarios, and provide more efficient, convenient, and secure cross-border financial services. This aims to precisely meet the needs of various foreign trade enterprises, helping companies expand into international markets and providing solid financial support for stabilizing foreign trade and attracting foreign investment. (Li Yanjing)

Editor: Mu Hao

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