By Zhang Shuilan

On 20 August, the reporter learnt from China Merchants Bank Nantong branch that the bank provided digital featured service innovatively, and realized ‘no submission of documents + full progress online’ one stop business.

Sino-foreign joint venture SDLT is a long term cooperative client of Nantong branch of China Merchants Bank. In the first few years, influenced by external market factors and internal adjustment of the company, the company’s normal operation was in difficulty. Lately as the market environment is getting better, the company has recovered production and operation gradually, and borrowed 10 million U.S. dollars from its parent company overseas for daily expenses of the preliminary period of its recovery of production. Since the beginning of the year, the number of domestic orders of the company has been increasing rapidly. Due to the period of payment, they need to use foreign debt to pay various types of operation fees, there are multiple remittance transactions and the requirement for time limit is high, traditional case by case acceptance and review at the bank counter mode cannot satisfy the needs of batch payment of the enterprise.

According to the plan of Nantong branch of China Merchants Bank, the enterprise can process domestic payment using foreign debt income full progress online by online bank, without case by case submission of business documents in advance, only need to submit spot-check materials online by online bank after application. The efficiency and convenience of remittance of the enterprises are improved to a large extent.