state owned commercial banks News

Temu Raises Seller Deposits Prioritizes Toys and Power Banks

Temu has updated its deposit rules, significantly increasing the deposit amounts for categories such as children's toys, power banks, and memory cards, with the maximum reaching 100,000 RMB. Simultaneously, the penalties for violations have also been substantially increased, aiming to strengthen supervision and improve product quality. Sellers need to prioritize compliant operations to avoid the risk of high deposit requirements and penalties. This update emphasizes the importance of adhering to Temu's regulations for a smooth and compliant business operation.

01/21/2026 Customs Knowledge

Banks Enhance Letters of Credit for Global Trade Efficiency

This paper delves into the role of Letters of Credit (L/C) in cross-border trade, highlighting its core value as a bank's credit endorsement. By analyzing the types, advantages, and disadvantages of L/Cs, as well as detailed operational procedures, it provides cross-border sellers with strategies for risk control and efficiency improvement. The aim is to help businesses achieve steady growth in the international market. It explores how L/Cs mitigate risks associated with international transactions and facilitate smoother, more secure payments between buyers and sellers across borders.

01/23/2026 International Settlement

Wuhan to Mexico Air Freight Surges for Power Banks

This article details the time-sensitive strategies for air freighting power banks from Wuhan to Mexico, covering both direct and transit air freight options. It highlights key factors influencing delivery time, provides a clear and transparent transportation process, and includes a FAQ section. The goal is to assist customers in selecting the most suitable shipping solution, ensuring the safe and efficient delivery of goods. It discusses factors like airline selection, customs clearance, and potential delays, offering practical advice for minimizing transit time and optimizing the overall logistics process.

01/23/2026 Logistics

SWIFT Code Key for Secure Transfers at Maldives Commercial Bank

This article provides a detailed interpretation of the SWIFT/BIC code CBMVMVMVXXX for the Commercial Bank of Maldives. It explores how to conduct international remittances safely and efficiently, while offering important verification suggestions to ensure funds are received smoothly.

08/18/2025 International Settlement

National Commercial Bank Adopts SWIFT BIC Codes for Secure Transactions

Understanding the importance of NATIONAL COMMERCIAL BANK (SWIFT code: LNCBLYLT065) is crucial for a smooth cross-border remittance process. Using the correct SWIFT code ensures that funds arrive accurately and without delays or risks.

08/15/2025 International Settlement

National Commercial Bank Highlights SWIFT Code Role in Global Transfers

This article discusses the significance of the SWIFT/BIC code LNCBLYLT065 of the NATIONAL COMMERCIAL BANK in international remittances. It emphasizes that the correct use of the SWIFT code can ensure the safety of funds, timely arrival to the beneficiary, and reduce remittance risks.