China Merchants Bank -- Introduction

Brief Introduction

Offshore banking services cater to the financial needs of non-residents through efficient utilization of overseas capital. In May 1989, People's Bank of China (PBOC) and State Administration of Foreign Exchange of China (SAFE) conferred an authority on China Merchants Bank (CMB) to become the first bank in China to provide offshore banking services. Taking the geographical advantage of being located in the Shenzhen Special Economic Zone and neighboring Hong Kong SAR, one of the world' s renowned financial centers, we, the Offshore Banking Department of CMB, have set up a range of standard operational procedures. After years of operations in accordance with international offshore banking practices, we have accumulated valuable experience to establish a mature operational and control mechanism in offshore banking. Our corresponding banks are spreading over major countries, areas and all financial centres.

For any foreign entity, whether individual (including any from Hong Kong SAR, Macao SAR and Taiwan), corporation (including any Chinese enterprise registered overseas), government agency or international organization, we are committed to serve you.

Offshore Banking Products and Services

·Taking foreign currency deposits;
·Offering foreign currency loans;
·Organizing and participating in international syndicated loans;
·Issuing guarantees and providing witnessing services;
·Conducting foreign exchange transactions, remittance and other international settlements;
·Accepting and discounting bills and handling trade finances;
·Dealing with international inter-bank borrowing and lending;
·Providing advisory and consultancy services;
·Conducting other businesses approved by the PBOC.

Offshore Banking Distinguishing Services

Being our valued customer, you will enjoy state of the art banking with our intra-bank offshore and onshore services, such as Remote Account Access & Management, Express Settlement and Convenient Financing. This is of especial help to the management of multinational corporations.

Remote Account Access

Remote account access service is the best choice for offshore account holders who are not able to process their banking service in person. Our secure and efficient account controlling documents (including encryption, signature and stamps) plus on-line bank account enquiry service allow you
• To conduct funds transfers and international settlements in a mobile and borderless style; and
• To enquire and monitor your offshore account balances and transactions throughout the world.

Account Management

By maintaining an offshore account with us, you will be able to enjoy:
• Free transfers of funds between accounts;
• No income taxes on interest; and
• An account combining the features of both saving and current accounts with interest calculated daily and paid quarterly

Express Settlement

You will enjoy the benefits of speedy transfers between offshore and onshore accounts (provided your business partner maintains an onshore account with our bank), such as:
• Immediate value time; and
• Preferential rates of service charge.

Convenient Financing

Any group of companies, with subsidiaries inside and outside mainland China and maintaining onshore and offshore accounts respectively with our bank, will benefit from the ease of financing through our synergized onshore and offshore services. For example:
• We are capable of arranging international syndicated loans to meet your needs for significant financing of a long-term nature.
• We can also satisfy your needs for various short-term trade financing such as export packing loans, bills negotiation and import financing, etc.