Introduction：

Clearing business with Russia is one of our new fields in developing international businesses. Under the grand background of the internationalization of RMB, the process of clearing currencies between China and Russia has been accelerated. Comprehensive development has been achieved in terms of establishing price mechanism of Rubles, banking operation mode, agent bank construction, new product innovation and other aspects which won the recognition from the Head Office of the People's Bank of China, the Administration of Exchange Control as well as other banks.
New opportunities also indicate new challenges. To achieve our goal of upgrading our bank as the settlement "Bridgehead" and clearing center of Rubles in open neighboring areas between China and Russia, the advantage of locating in the hinterland of Northeast Asia region should be fully played in promoting sound and fast development on the settlement of Russian currency as well as stimulating steady development and strategy- upgrading of economic and trade cooperation with Russia.

Business Illustration：

Transfer remittance of Russian correspondent banks: based on accounts of Russian correspondent banks, transfer the remittance of Russian clients to receiving banks at home or abroad via our bank.

Clearing with Russia correspondent banks: based on accounts of Russian correspondent banks, transfer funds in accounts of Russian correspondent banks to designated banks at home or abroad.

Home currency remittances: handling public and private, inter-trade and non-trade cross-border fund remittance business between Yuan and Rubles in the Sino-Russian border areas.

Specialty Products for international settlements between China and Russia: Sino-Russia Common Profit Gained

Outward Remittance: "ruble exchange benefits gained" refers to the product which enables Russian customers to choose to collect ruble remittance in accordance with exchange rate changes and the timing of collection. Similarly, "home currency exchange benefits obtained” refers to the product which allows Russian customers to choose to collect RMB remittance with regards to exchange rate changes and the timing of collection.

Inward Remittance: "ruble receiving profit gained" refers to the product which enables domestic customers to choose to collect ruble remittance according to the exchange rate changes and the timing of collection; "home currency profit gained" refers to the product which allows domestic customers to choose to collect RMB remittance in light of exchange rate changes and the timing of collection.