Chinanews.com Harbin, March 25 (Reporter Shi Yifu Jiang Hui) Harbin Bank announced on the 25th that since the launch of the cross-border transfer of banknotes to Russia in 2012, it has so far transferred 362 million yuan in cash and transferred rubles. With over 7.1 billion yuan in banknotes, it has become one of the largest local currency cash management institutions in the two countries, providing efficient financial service support for border trade settlement, tourism and other activities between the two countries.
In recent years, Harbin Bank, relying on its geographical advantage adjacent to Russia, has been deeply involved in the Russian financial market, improving cross-border settlement infrastructure, broadening the cooperation network with Russia, promoting Sino-Russian local currency transactions, innovating the cross-border transfer model of local currency cash, and deepening its cooperation with Russia It is playing a leading role in areas such as business cooperation models.
In 2015, Harbin Bank and the Russian Federal Reserve Bank initiated the establishment of the "Sino-Russian Financial Union" and fully relied on the advantages of the alliance platform to expand its network layout.
At present, Harbin Bank has established correspondent banking relationships with nearly 100 Russian banks, and established 49 domestic and foreign currency accounts with 25 Russian banks. The Russian clearing network has covered the entire territory of Russia.
In 2020, Harbin Bank established a settlement service center with Russia in the Heilongjiang Pilot Free Trade Zone, and was approved as a direct participant in the CIPS system. The efficiency of cross-border RMB settlement services with Russia and customer service experience have been further improved.
At the same time, Harbin Bank, as one of the four ruble market makers of the China Foreign Exchange Trading Center, took the lead in launching the purchase and sale of renminbi against Russia, and joined the mainstream foreign exchange trading platform in Russia, effectively realizing the linkage between the Chinese and Russian markets. Re-elected the first place in the market with the best rouble quotation.
In addition, Harbin Bank has also taken the lead in launching Ruble T+1/T+2 and Ruble forward special exchange rate hedging products, and launched four comprehensive service solutions for Russian finance, which played an important role in promoting the use of cross-border RMB.
In the field of cash transfer business with Russia, Harbin Bank has successfully opened up the dual currency, two-way, land and air transfer channels for transfer of RMB and ruble notes to Russia, and has established cash business with a number of Russian banks The cooperative relationship has accumulatively transferred 362 million yuan in cash and 7.1 billion yuan in ruble notes. It has become one of the largest local currency cash operators in the two countries, providing efficient financial services for border trade settlement, tourism and other activities between the two countries. stand by.
With the continuous introduction of China's policies to support the internationalization of the renminbi, the potential for the use of the renminbi in neighboring countries is huge. Harbin Bank will continue to leverage its unique advantages in its business with Russia and make every effort to promote the rapid development of its cross-border RMB business with Russia. (Finish)