Bank of China provides over RMB 15 billion in cross-border financing for enterprises in Shaanxi

Since the inaugural China-Central Asia Summit in 2023, Bank of China (BOC) has positioned Central Asia as a key strategic region. It has supported enterprises in northwest China's Shaanxi Province with convenient financial services during their global expansion journey.

For example, West China Cement Limited invested in and built a cement production line in Uzbekistan's Andijan region. The BOC branch in Shaanxi provided comprehensive financial services for the project, including credit facilities and account settlement, saving the enterprise 5 percent of interest-related taxes and fees.

To date, the BOC, through its Shaanxi Branch, has facilitated over 15 billion yuan of cross-border financing for Shaanxi-based enterprises and has issued financing letters of intent to over 40 contracted overseas engineering projects.