Bank of Communications SWIFT Codes Guide for International Transfers

Bank of Communications SWIFT Codes Guide for International Transfers

This article provides a detailed explanation of the SWIFT/BIC code COMMCNSHACD for the Bank of Communications (BANK OF COMMUNICATIONS, CO. LTD.) in China. It elaborates on its significance, structure, correct usage, and potential risks. The aim is to assist users in conducting international remittances safely and efficiently, avoiding delays or losses caused by incorrect codes. Understanding the nuances of the SWIFT code is crucial for ensuring smooth and secure international money transfers through the Bank of Communications.

09/03/2025 International Settlement
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New Customs Rules Simplify Trade Compliance for Businesses

New Customs Rules Simplify Trade Compliance for Businesses

To standardize customs declaration practices, the General Administration of Customs and the China Customs Brokers Association will promote a standardized paper format for the Power of Attorney for Customs Declaration. The new regulations emphasize the 'reasonable review' obligation of customs brokers and standardize customs declaration form filling, aiming to improve customs clearance efficiency, reduce corporate risks, and protect the legitimate rights and interests of enterprises. Companies should understand the new regulations in advance and prepare for compliance.

09/26/2025 Customs Knowledge
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Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei Exports to Latin America Surge Amid Trade Strategy Shift

Hebei province's import and export volume to Latin American and Caribbean countries reached a record high. This growth is attributed to the deepening of China-Latin America trade, precise positioning in key markets, and increased exports of advantageous products. Furthermore, the increased import of high-quality agricultural products from Latin America promoted trade diversification, providing a valuable reference for foreign trade development in other regions. The strong performance highlights the potential of the Latin American market for Hebei's exporters.

11/03/2025 Logistics
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Global Shipping Guide DHL and Courier Alternatives Compared

Global Shipping Guide DHL and Courier Alternatives Compared

This article introduces the global coverage of DHL international air express, including regions such as Asia Pacific, Europe, the Americas, and the Middle East and Africa. It also lists the service ranges of other international express companies such as FedEx, UPS, TNT, China Post, and SF International. Furthermore, it provides advice on choosing an international express service, helping readers make informed decisions based on factors such as destination, price, delivery time, customs clearance policies, and item type.

11/03/2025 Logistics Encyclopedia
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Logistics Industry Electrification Commanding the Energy Revolution of the Future

Logistics Industry Electrification Commanding the Energy Revolution of the Future

The logistics sector is rapidly electrifying, with electric truck sales increasing by 35%. The drive towards electrification is fueled by policy support, cost reductions, and corporate emissions targets, but insufficient charging infrastructure remains a significant barrier. China is leading the electric truck market, while Europe is also seeing a surge in sales. New regulations in the US and EU will support electrification efforts, but strategic planning for charging solutions in long-haul transport is still needed.

07/23/2025 Logistics Industry Insights
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Does Express Delivery Belong to Third-party Logistics?

Does Express Delivery Belong to Third-party Logistics?

Express delivery broadly falls under third-party logistics, where courier companies efficiently handle packages using various transport methods, including collection, entry, and delivery. Third-party logistics providers offer specialized services that help businesses focus on their core operations. Although express delivery and logistics are often interconnected, the industry typically distinguishes between the two. Common third-party logistics companies include Debon Logistics and China Railway Express, which assist businesses in enhancing their logistics choices and customer satisfaction.

07/21/2025 Logistics Encyclopedia
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Exploring Ancillary Services in Aviation The Controversy Over Seat Selection Fees

Exploring Ancillary Services in Aviation The Controversy Over Seat Selection Fees

Recently, China United Airlines was fined for charging a seat selection fee, sparking widespread discussion within the industry about ancillary services. While some airlines still charge seat selection fees on international routes, this incident highlights the inadequacy of domestic regulations regarding ancillary services. Seat selection is seen as a market innovation, but requires policy support for healthy development. As the industry continues to explore and update regulations, the future stance of domestic airlines on ancillary service fees remains uncertain.

07/28/2025 Logistics
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Temu Hits 17 Million Users in Germany on Quality Logistics Strength

Temu Hits 17 Million Users in Germany on Quality Logistics Strength

Temu has surpassed 17 million users in Germany, driven by its investments in product quality, data security, and user experience. A Stiftung Warentest evaluation highlighted Temu's strong performance. To capitalize on the European e-commerce market, Temu plans to increase investment, including establishing local operation centers, launching a green logistics line, and forming a China-Europe quality certification alliance. This strategic move aims to solidify Temu's position and enhance its offerings within the competitive European landscape.

12/30/2025 Logistics Industry Insights
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Chinarussia Energy Trade Reshapes Global Economy

Chinarussia Energy Trade Reshapes Global Economy

China-Russia trade is growing at an astounding rate, projected to reach nearly $170 billion by the end of this year. Key drivers include energy cooperation, diversified commodity trade, and the increasing adoption of RMB settlement. Despite sanctions challenges, both countries are actively seeking new trade routes and aim to increase trade to $200 billion by 2024, contributing to global economic stability. They are working to overcome obstacles and strengthen their economic partnership in the face of external pressures.

01/04/2026 Logistics Industry Insights
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US FTZ Warehouses Ease Trade Turbulence for Businesses

US FTZ Warehouses Ease Trade Turbulence for Businesses

Amidst increasing global trade uncertainties, US FTZ (Free Trade Zone) warehouses offer companies advantages like tariff deferral, duty-free exports, indefinite storage, and tariff rate selection. Especially with heightened US-China trade tensions, FTZ warehouses provide greater operational flexibility and strategies to mitigate trade risks and enhance supply chain resilience. They serve as a critical Plan B for businesses navigating these challenges, offering a 'domestic area outside customs' environment to optimize operations and minimize the impact of trade disputes.

01/04/2026 Warehousing
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