The Panama branch of Industrial and Commercial Bank of China has successfully provided a loan of RMB 1 billion to an overseas subsidiary of a leading power company in China, which undoubtedly has far-reaching implications. This fund will mainly be used for the clean energy project of the Chinese enterprise in Brazil, highlighting the strong commitment and support of Industrial and Commercial Bank of China Panama Branch to environmental sustainability.

The Panama Branch of Industrial and Commercial Bank of China fully leverages its unique advantages in group integration and RMB clearing network, and closely cooperates with numerous institutions such as ICBC Brazil, Macau Branch, Singapore Branch, Luxembourg Branch, and ICBC Asia, demonstrating its outstanding global financial service capabilities. Through cross regional and cross time zone collaborative work, we have successfully overcome geographical and temporal barriers, achieved smooth transfer and settlement of RMB funds, and ensured timely satisfaction of customer funding needs. Keywords: the Belt and Road news, the Belt and Road project, overseas project

The innovative business of Industrial and Commercial Bank of China Panama Branch provides valuable reference for Chinese enterprises to carry out RMB business in Latin America. This successful case not only motivates more Chinese enterprises to take advantage of the internationalization of the renminbi and expand their influence in Latin America, but also further promotes the internationalization process of the renminbi. Moreover, the business of Industrial and Commercial Bank of China Panama Branch provides important financing support for Chinese enterprises, effectively promoting the in-depth development of Latin American China economic cooperation. This successful practice once again proves the leading position and outstanding strength of Industrial and Commercial Bank of China in the global financial services field. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen