China-UK cross-border e-commerce white paper released in London

LONDON - Bank of China and UK Trade & Investment jointly released China-UK Cross-border E-commerce White Paper at Bank of China London Branch on Wednesday.

The white paper was jointly prepared by BOC and UKTI with the aim of providing an informative background to assist British enterprises who intend to cooperate in cross-border E-commerce ventures with China.

Featuring an overview of Chinese national policies and guidelines, relevant BOC products and services, as well as an explanation of the importance of Chinese pilot cities project in Cross Border E-commerce, the paper outlines the benefits that can be gained by adopting a structured approach to E-commerce market entry.

The release of the document is BOC's one of the commitment to further promote the China-UK financial and trade cooperation in the "Golden Age", Xu Luode, Executive Vice President of Bank of China said on the ceremony.

BOC has developed and introduced specific products designed to support E-commerce ventures -- The Bank of China Cross-border E-commerce service solution. To compliment this, BOC London Branch recently launched RMB denominated e-express products and services in accordance with the financial requirements of British businesses, enabling the rapid and scalable development of cross-border E-commerce.