BEIJING, March 24 (Xinhua) -- The launch event of a digital trade and financial service platform for China-Laos international freight train was held on Wednesday in Shuangliu District of Chengdu, southwest China's Sichuan Province, reported Chinanews.com.
The service is launched by the Chengdu (Shuangliu) Air-Rail International Combined Port, China Railway Chengdu Group Co., Ltd. and Bank of China (BOC), as an act of responding to the new foreign trade opportunities brought by the Regional Comprehensive Economic Partnership (RCEP).
Integrating international supply chain service with freight train service, the newly launched platform provides efficient and convenient financing service to users of the China-Laos international freight train service.
"For example, we have a container of 25 tons of tapioca starch worth 150,000 yuan (about 23,525.72 U.S. dollars), of which the buyer in Chengdu has only paid 80,000 yuan in advance, and the rest is temporarily disbursed by the platform, so the seller in Laos was able to receive full payment," introduced Deng Yi, deputy governor of BOC Chengdu Jinjiang sub-branch.
The operation of this service involves multiple parties such as the port, the railway sector and the bank, said Deng, noting that this allows the digital platform of the railway department to track and show logistics information, and puts the bank in a better position to support and monitor the transaction.
(Edited by Yu Huichen with Xinhua Silk Road, yhc0267@163.com)
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