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SPDB upgrades forex solutions for corporate clients in FTZ

Shanghai Pudong Development Bank on Wednesday unveiled a series of new foreign exchange solutions for its corporate clients in the China (Shanghai) Pilot Free Trade Zone, aiming to meet enterprise customers’ needs for quality and convenient capital management services.
The new Dui Bei solution integrates 15 types of banking products to help customers manage their money, hedge exchange rate and interest rate risks and realize the maintenance and appreciation of funds.
Among the measures, the hedging product series is composed of basic forex products and customized options strategies to at help enterprises get stable profits by optimizing the exchange rate of forward settlements and the sale of foreign exchange, the Shanghai-based joint-stock lender said.

 

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