Citic Bank Beijing Branch Receives High Praise for Offshore Guarantee Services

　Recently, relevant personnel from Beijing HuaXin New Development Co., Ltd. visited Citic Bank Beijing Branch to express their gratitude for the bank's key support role in opening offshore guarantees for enterprises conducting business overseas, and to commend the professionalism and efficiency of the bank's staff in handling business transactions.

　HuaXin Sports is primarily engaged in designing and building sports facilities, with a focus on providing services to leading companies in the industry, including those with national high-tech, specialized, and small giant enterprises. The company has previously undertaken various major international sporting events, such as the Beijing Olympics, APEC Summit, African Games, Qatar World Cup, Beijing Winter Olympics, and Asian Cup.

　This time, HuaXin Sports took on two large-scale international events: the 2034 Saudi Arabia World Cup and the 2027 Belgrade Professional Class World Expo. After understanding HuaXin's need for offshore guarantees, Citic Bank Beijing Branch responded promptly and designed a loan plan to facilitate its implementation. The offshore guarantee process involved opening guarantees after which the notifications were transferred between multiple domestic and foreign banks, reviewing whether the guarantee text complied with local laws overseas, and requiring foreign capital institutions to re-open guarantees. Considering these complexities, Citic Bank Beijing Branch quickly assembled a professional team to address business pain points, communicate with multiple domestic and foreign banks to ensure the smooth implementation of this business, and provide important guarantees for enterprises' overseas operations.

　Citic Bank Beijing Branch will continue to adhere to its service philosophy of "customer-centered" and expand cooperation with HuaXin in various aspects, providing more assistance to help companies develop in the future.