Trade solutions provider Surecomp recently announced that China Minsheng Banking Corporation (CMBC) has selected Surecomp’s fully comprehensive STP end-to-end trade finance solution to automate their trade service operations.

Established in January 1996, CMBC is the first bank in China to be owned predominately by non-government enterprises. The bank offers a range of services covering the areas of commercial, corporate, investment, mortgage, private, retail and wholesale banking.

“The growth of our trade finance operations is a cornerstone of CMBC’s current Five-year Development Program. The development program symbolizes the Bank’s re-positioning and strategic transformation from a new enterprise to a mature business.” Says Mr Lin ZhiHong, General Manager of CMBC’s Trade Finance Department.

CMBC is the 10th Chinese bank to license a Surecomp trade finance solution, according to Surecomp’s Chairman & CEO Joel Koschitzky.