ICBC and Kunming Pan Asia Help Development of Nonferrous Metals Industry

On May 26, ICBC officially opened a centralized banking transfer business of the Pan-Asia Nonferrous Metals Exchange. This business is based on the general agreement to the total cooperation previously reached between the two sides, opened in the nationwide non-ferrous metal spot electronic trading fund settlement business. The opening of the business marked substantial progress in the settlement of funds and regulatory cooperation between the Pan-Asian Nonferrous Metal Exchange and large state-owned commercial banks.

In the future, the vast majority of non-ferrous metal spot investors, manufacturers and traders can apply for banking transfer transactions at the Pan-Asian Nonferrous Metals Exchange through ICBC's sales outlets across the country. This is convenient, safe, and fast in the non-ferrous metal spot electronic transaction and delivery process. Fund settlement and transfer.

According to the person in charge of the ICBC business department, the bank transfer business is a fund settlement tool specifically tailored by ICBC to promote the development of the commodity market. This is the first time that a function of binding the application for the transfer of the silver money business in the online bank has been introduced. Going to the bank counter to handle the cumbersome procedures of binding services further enhances the convenience of opening an account for this service.

Pan Asia Nonferrous Metals Exchange is the first joint-stock non-ferrous metal spot electronic exchange operating under the supervision and supervision of the government-established supervision and management committee, shouldering the historic mission of revitalizing the non-ferrous metal industry, upgrading the value chain, and competing for international non-ferrous metal pricing rights. . The official opening of the market on April 21 this year, the first batch of two trading varieties of silver and metal indium, attracted the majority of spot investors, producers and traders, the average daily trading volume of the two species have exceeded 100 million, the recent To introduce metal oysters and other varieties. According to the person in charge of the Pan-Asian Nonferrous Metals Exchange, the number of direct service centers in the country has reached more than 380 in just over two months, and trading accounts have been opened for numerous companies and natural person dealers. In response to the rapid development of the market, the Pan-Asia Nonferrous Metals Exchange announced the establishment of six regional branches in Beijing, Shanghai, Shenzhen, Hangzhou, Shenyang and Taiyuan to serve as national direct service centers, spot investors, manufacturers and traders. Provide better and convenient services.

It is understood that as a basic fund settlement and supervision service, the bank transfer business of the Silver Enterprise is an important part of a series of strategic cooperation between ICBC and the Pan-Asian Nonferrous Metals Exchange; in addition, the cooperation between the two parties will also involve the three-party depository of transaction funds. , non-ferrous metal industry supply chain** and joint marketing and many other aspects. ICBC will play a pivotal role in the process of pursuing national non-ferrous metal industry revitalization and competing for the international pricing power of non-ferrous metals through comprehensive financial innovation services, support for the upgrading of the non-ferrous metal industry chain.