Key facts
- Chinese banks need to enhance cross-border services to support companies expanding internationally.
- The suggestion was made by Lyu Linhua, president and chief compliance officer of China Zheshang Bank.
- Key areas for improvement include cross-border cash flow, risk control, and supply chain coordination.
- The advice addresses challenges posed by geopolitical tensions and trade protectionism.
Chinese banks should enhance their service offerings to better assist domestic companies navigating global expansion amidst increasing geopolitical tensions and trade protectionism, according to Lyu Linhua, president and chief compliance officer of China Zheshang Bank.
Speaking at the Caixin Summer Summit on June 11, Lyu suggested that financial institutions need to reshape their cross-border capabilities. This includes supporting Chinese enterprises in areas such as managing cross-border cash flow, implementing effective risk control measures, facilitating manufacturing localization, and coordinating supply chains in overseas markets.