Zhonghong Heavy Machinery Co., Ltd. and the Bank of Qingdao cooperated together to realize the first RMB settlement service in Shandong Province

Zhonghong Heavy Machinery and Qingdao Bank work together-Realization of the first settlement of RMB against Tenge in Shandong Province

At the beginning of the new year, as a local economic and trade cooperation demonstration zone in Qingdao\"One Belt One Road \" an important measure of a new platform for international cooperation, sponsored by the Bank of Qingdao The first cross-border trade settlement business in the financial industry of Shandong Province, which is a milestone. Zhonghong Heavy Machinery is proud to be involved.

Kazakhstan is located on the Silk Road Economic Belt, yes\"One Belt One Road \" An important country in Central Asia, which is rich in mineral and petroleum resources, is one of the important business areas in the global market layout of Zhonghong Heavy Machinery. Zhonghong Heavy Machinery Co., Ltd. joined hands with Bank of Qingdao this time to bypass Kazakhstan ’s mining business, bypass the US dollar, and complete the export cross-border direct settlement business with tenge, which is of far-reaching significance. Reducing exchange rate losses caused by fluctuations in the US dollar will also encourage Zhonghong Heavy Machinery to actively participate in China's\"Belt and Road\" construction process and make its due contribution to the country's economic development.

\"The Belt and Road Initiative\" is becoming China's plan for China to participate in global open cooperation, improve the global economic governance system, promote global common development and prosperity, and promote the building of a community of human destiny. In the market development actions of the countries involved, China's high-end assembly manufacturing technology and strength are demonstrated on the international stage.