This website reports (by reporter Zhou Xuanqian) that on December 5th, the "Implementation Measures for Upgrading the Functions of Free Trade Accounts in the Shanghai Free Trade Zone (Trial)" officially came into effect. China Construction Bank Shanghai Branch actively responded to the policy, successfully processing FT upgrade account applications for several key enterprises on the first day of implementation, empowering enterprises' global operations with efficient and professional cross-border financial services.
China Construction Bank's Shanghai branch tailored an FT upgraded account service solution for Shanghai China Construction Overseas Development Co., Ltd., directly addressing the pain points of state-owned construction enterprises such as difficulties in overseas fund transfers and slow fund arrivals. Leveraging the "first-line open" policy advantage of the FT upgraded account, the company can freely transfer funds to overseas and offshore accounts with just a command. This solution successfully streamlines the company's global funding chain, supporting its overseas engineering construction and project payment collection, significantly improving capital turnover efficiency, and helping it optimize global fund allocation and reduce operating costs.
To address the challenges faced by enterprises in overseas investment and financing, such as lengthy approval processes, limited loan amounts, and complex approval procedures, China Construction Bank's Shanghai Branch has implemented an overseas lending service based on an upgraded FT account for Shanghai Machinery Equipment Complete Set (Group) Co., Ltd. This allows the company to quickly remit funds without being subject to overseas lending limits, effectively supporting its overseas project operations and market expansion. It provides a stable, efficient, and predictable cross-border channel for enterprises to "go global." Simultaneously, the facilitation of payments under cross-border trade effectively improves business efficiency, laying a solid foundation for enterprises to seize market opportunities and enhancing their overall competitiveness.
In addition, China Construction Bank's Shanghai branch provided a central state-owned energy company with an integrated service combining "FT account upgrade + outward direct investment" to meet its globalization strategy and green transformation needs. The bank also focused on the core needs of cross-border operations in the foreign trade sector, tailoring an upgrade to the FT account function for Oriental International Venture Co., Ltd., significantly improving the company's efficiency in cross-border fund receipts and payments.
China Construction Bank's Shanghai branch has provided free trade zone account services to over 10,000 clients, with a cumulative FT loan disbursement exceeding 600 billion yuan.
