Article: NEW SYSTEM TO BOOST EFFICIENCY OF CUSTOMS CLEARANCE


AsiaInfo Services
11-12-2003
New System to Boost Efficiency of Customs Clearance

SHANGHAI, Nov 12, 2003 (SinoCast via COMTEX) -- A new system called Yinguantong, which aims to improve the efficiency of the customs clearance with the help of banks, was put into perationin Shanghai on November 10.

The Industrial and Commercial Bank of China (ICBC) Shanghai Branch, Shanghai Customs and China Electronic Port signed the cooperation agreement on the new system.

The system is a new financial product, which is packed with powerful functions that are able to simplify settlement procedures and improve the efficiency of the ...

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