Bank of Shanghai (Hong Kong) Limited

Description

Bank of Shanghai (Hong Kong) Limited, a commercial bank, provides corporate banking, financial market, and cross-border services. It offers term loans and working capital loan to cater for customers short to medium term funding needs; revolving loans; fixed asset financing against the pledge of machinery or equipment; import services that include letter of credits (L/C), inward collection, trust receipt financing, shipping guarantee, and import invoice financing; export services that include L/C advising and confirmation, L/C transfer, outgoing collection, packing loans, pre-shipment and post-shipment financing, and advance on export bills; syndicated loans; project loans for property development and investment; and other project financing. The company also provides time deposit, call deposit, and currency exchange services; and a range of financial products that include spot foreign exchange, forward foreign exchange, foreign exchange swaps, non-deliverable forwards, FX options, currency swaps, forward rate agreements, interest rate swaps, and interest rate options. In addition, it offers bank guarantee for RMB financing, RMB loan in Qienhai area of Shenzhen, and diverse trade finance products; and bilateral financing, discount of RMB L/C, foreign currency, and overseas payments for import and export. Bank of Shanghai (Hong Kong) Limited was formerly known as China Construction Bank (Asia) Finance Limited and changed its name to Bank of Shanghai (Hong Kong) Limited in May 2013. The company was founded in 1974 and is based in Central, Hong Kong with a branch network covering major cities in China; and offices in Mainland. As of October 31, 2009, Bank of Shanghai (Hong Kong) Limited operates as a subsidiary of China Construction Bank (Asia) Corporation Limited.

Tags:

Banking Finance Company, Corporate Banking, Commercial Banking Products and Services, Credit Card Loans, Capital Bank