Recently, Beijing Depuen Technology Co., Ltd. applied to the branch of China Construction Bank (CCB) in the Beijing Economic and Technological Development Area (BDA) through a "single window" for the U.S. dollars expenditure businesses of the "Cross-border Fast Loan-Export Loan".

Soon after the application was submitted, Mr. Bi, a member of the company's financial staff, received a text message notification that the funds had arrived in the account. 

"In just a few minutes, the loan had arrived. Besides, it's a pure credit foreign currency loan with an annualized interest rate of only 1.697 percent. I just can't believe my eyes!" he noted.

Depuen is the first company in Beijing to successfully handle foreign currency loans of CCB's "Cross-border Fast Loan" businesses.

The "Cross-border Fast Loan" series products of the CCB can provide small and micro foreign trade enterprises with loans of a limit of 3 million yuan ($465,000), and support the issuance of foreign currency or renminbi.

As the first big data financial product for small and micro foreign trade enterprises, CCB's "Cross-border Fast Loan" delivers "all online, pure credit, payment in seconds, multiple currencies and low interest rates".

Corporate customers can activate the "Cross-border e+" function through CCB's corporate online banking, initiate an application in the "single window", and the system will automatically approve it.

Currently, the bank has provided online international financial services to over 130 foreign-funded foreign trade companies in the BDA. 

On the one hand, through CCB's "Cross-border e+" platform and the "Single Window" system, financial services such as making of appointments, electronically reviewable cross-border remittances and cross-border fast loans can be provided.

On the other hand, CCB's "interconnected trading platform" in the financial market provides foreign-funded and foreign trade companies with customized services such as spot exchange rate and derivatives, commodity hedging, and innovative risk hedging trading products to help such enterprises manage the market. 

Cross-border RMB businesses and foreign exchange businesses and foreign exchange purchases and payments for foreign personnel, as well as the "Customs One KEY Pass", have been implemented in the BDA, adding new momentum to the construction of the "Two zones" in the financial sector.