1. It has been approved and registered by the administrative department for industry and commerce, and has a legal person business license that is valid after the annual inspection or other valid documents that can prove its business legitimacy and business scope, a valid loan card and an account opening license after the annual inspection;

2. The goods used for pledge have a business life of more than 2 years and have a stable purchase and sale channel;

3. Good financial and operating conditions;

4. The rating of China Bank is BB or above, and there is no bad credit record, and no bad credit record is found in the credit information system of China People's Bank;

5. Handle the standard warehouse receipt pledge financing business, open a standard warehouse receipt account in the standard warehouse receipt management system of Shanghai Futures Exchange, and hold the standard warehouse receipt to participate in the standard warehouse receipt business;

6. Customers sign tripartite cooperation agreements with BOC and futures companies, and BOC entrusts futures companies to conduct closed supervision on customers' futures accounts;

7. Meet the relevant conditions for customer access of cooperative futures companies;

8. Other conditions:

(1) Before we start our business in Syria, we will fully understand our customers' business conditions, historical transaction records and work experience.

(2) The basic transaction must have a real trade background, and it is necessary to prevent the affiliated companies of group customers from using domestic freight business to obtain bank funds.

(3) The pledge can be legally and effectively set, and China Bank can obtain the pledge.

(4) When necessary, the customer needs to take out warehouse cargo insurance and other necessary insurance for the pledged property, and transfer the compensation right under the policy to our bank.

(5) The financing funds shall be paid by the bank.

(6) The financing period shall match the customer's downstream sales payment cycle, and the longest period shall not exceed 6 months under goods financing and 1 year under standard warehouse pledge.

(7) At present, the cooperative futures companies under the domestic cargo Lida business are limited to BOC International Futures Co., Ltd., and can apply to the Trade and Finance Department of the branch for expansion to other futures companies when the business is mature.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.