CMB Qingdao Branch has achieved another breakthrough in its digital bill trading platform! On October 23, the branch successfully executed its first "Back-to-Back Discount" commercial draft transaction, injecting new vitality into digital bill services and real economy support through process innovation and technological empowerment.
Shandong New Hope Liuhe Group Co., Ltd., the partner in this transaction, is Qingdao's largest private enterprise. The company has topped Qingdao's Top 100 Private Enterprises list for two consecutive years (2023-2024). As the largest production entity under listed company New Hope Liuhe Co., Ltd. (Stock Code: 000876), it specializes in livestock feed R&D, production, and sales, playing a crucial role in agricultural supply chains and food security.
The transaction features an innovative "subsidiary-issued draft → parent company confirmation → direct transfer to external suppliers → cross-regional discount" service model. Suppliers can utilize the parent company's credit line for immediate full payment through CMB's "One Bank Serving One Client" mechanism at the Qingdao branch.
This innovation marks CMB's critical advancement in digital, intelligent bill services, transforming traditional 10-hour processes into minute-level operations.
CMB Qingdao Branch's customer-centric approach addresses corporate settlement pain points. The new product creates integrated settlement channels between parent/subsidiary companies and external suppliers, while buyer-paid interest models reduce financing costs for draft holders.
Strategic innovation remains central to CMB Qingdao's high-quality development. Since 2025, the branch has achieved multiple "firsts" with Shandong New Hope Liuhe Group, including supply chain bill ABN approvals and limited-recourse bill transactions. Dozens of rural revitalization suppliers are now preparing to open accounts for commercial draft discounts.
The product demonstrates dual value: operational efficiency for enterprises and strategic financial support for national priorities. As a financial partner to agricultural supply chain leaders, CMB embeds services deeply into real economy networks, optimizing capital flows while supporting private sector growth and rural industry revitalization.