"Connecting Ten Thousand Enterprises, Empowering BRICS" Cross-Border Financial Service Presentation Held in Hangzhou

On June 24th, under the guidance of the Zhejiang Branch of the People's Bank of China and the Zhejiang Branch of the State Administration of Foreign Exchange, the "Reaching All and Empowering BRICS" Cross - border Financial Services Promotion Event, hosted by the Self - regulatory Mechanism for the Development of Foreign Exchange and Cross - border RMB Business in Zhejiang Province and co - hosted by the Zhejiang Branch of the Bank of China, the Commerce Bureau of Qiantang District, the Comprehensive Service Port for Zhejiang Enterprises Going Global, and the Hangzhou Branch of the Bank of China, was held at the China Cooperation Center of the BRICS Special Economic Zone in Hangzhou. Representatives from more than 60 BRICS and trade - investment enterprises attended the event.

At the event site, relevant experts from the Zhejiang Branch of the People's Bank of China and the Commerce Bureau of Qiantang District gave presentations on the facilitation policies for foreign exchange and cross - border RMB, as well as the support policies for BRICS cooperation. Senior business experts from the Hong Kong Financial Research Institute of the Bank of China conducted a special sharing on BRICS local currency settlement and the Bank of China's cross - border RMB featured products. This promotion event opened up the connection channels among policies, finance, and enterprises, and precisely met the settlement, risk - hedging, and financing needs of Zhejiang enterprises expanding into the BRICS market, winning unanimous praise from the participating enterprises.

The event site

The Zhejiang Branch of the Bank of China serves the construction of Zhejiang as a province with a high - level open economy, and precisely exerts efforts in areas such as facilitating the joint construction of the "Belt and Road", injecting strong impetus into the development of the open - economy. The branch signed a cooperation agreement with the China Cooperation Center of the BRICS Special Economic Zone, continuously enhancing the depth and breadth of cooperation in aspects such as innovative trade development, supporting two - way investment facilitation, promoting talent exchange and interaction, and strengthening service guarantees. In 2025, the branch provided settlement support of over 10 billion US dollars for cross - border trade settlements between Zhejiang enterprises and BRICS countries. Through products such as cross - border RMB, letters of credit, foreign - related guarantees, and cash management, it fully assisted Zhejiang enterprises in exploring the BRICS market. In supporting Zhejiang enterprises to "go global", it implemented large - scale financing for multiple cross - border projects such as the alumina project of a leading enterprise in Indonesia, a photovoltaic power station in Portugal, and new - energy auto parts in Thailand, using financial resources to support enterprises in going global.

In the next stage, the Zhejiang Branch of the Bank of China will fully rely on the Bank of China's global advantages, comprehensive operation advantages, and professional experience in the cross - border field. It will collaborate with the China Cooperation Center of the BRICS Special Economic Zone to provide financial solutions of "one - point access, global response, and comprehensive services" for BRICS regional enterprises to "go global and bring in", jointly promoting the upgraded development of BRICS cooperation.

*This article is sourced from Chao News, and the pictures in the article are provided by the Zhejiang Branch of the Bank of China.

This article is from the WeChat official account "Comprehensive Service Port for Zhejiang Enterprises Going Global", author: Zhejiang Enterprises Going Global.