CIB Xi'an Branch: Upgrades Cross-border E-commerce Services and Drives Three Stages of Digital Transformation

Cross-border e-commerce, a new format and model in foreign trade, is exploding as global trade accelerates. On May 27, 2025, ten foreign experts from ten countries visited Industrial Bank Co., Ltd. (CIB) Xi'an Branch to experience the financial vigor and vitality of Xi'an as the crux of the Belt and Road Initiative.

ENDALKACHEW SIME DEGAGA (left), former State Minister of Planning and Development of Ethiopia, raising questions and sharing comments at the meeting.

It's learnt that the Industrial Bank's cross-border e-commerce service progresses through three stages. In 2020, CIB was approved for foreign exchange settlement and collection in cross-border e-commerce, enabling the provision of full online business matching services for cross-border e-commerce. At the 2.0 stage, CIB kept itself relevant and competitive by launching the cross-border e-commerce section of CIB Butler (International) and integrating online functions such as settlement, exchange, wealth management and financing, making it more efficient and convenient for customers to handle cross-border settlements. At the 3.0 stage, several innovative products were applied, e.g. the U.S. dollar wealth management product "Hui Li Wen Jian – Qi Jin Chun Xiang Kuan" (汇利稳健-企金纯享款), the SWIFT G4C advance notice on incoming payments, and the credit financing product "Xing Su Loan" (兴速贷) exclusively designed for cross-border e-commerce companies, which can address cross-border sellers' multilevel needs for financial services.
"By the end of 2024, Industrial Bank had provided nearly 4,000 clients in the cross-border e-commerce ecosystem with financial services such as quick receipt and payment, cross-border wealth management, online financing, and hedging against exchange rate risk," CIB's staff said. (Text/Photo: Chen Nan)