On July 1, 2020, XCMG Bank Brazil was officially approved to operate after 18 months of preparation, opening a new chapter in XCMG’s overseas finance. It is also the world's first Chinese manufacturing enterprise bank.

Recently, XCMG Bank Brazil has achieved a cumulative credit of 400million Reais. It has served more than 210 customers and provided financing support for more than 510 devices. The shining figures are the best gift for its two-year anniversary.

Since its establishment, XCMG Bank Brazil has always adhered to the purpose of serving the main business. In spirit of professionalism, pragmatism and efficiency, XCMG Bank Brazil actively cooperated with the main business sales team, providing tailored financial products and services for end-customers.

In order to improve the depth and breadth of the service, XCMG Bank Brazil actively expands local financing channels. At present, it has obtained more than R $350million of Brazil's local unsecured credit line. At the same time, it actively applied for financial business qualifications and successively acquired qualifications such as foreign exchange settlement and sales, letter of guarantee and insurance agency certificate.

In addition, XCMG Bank Brazil actively gives full play to its financial professional advantages, assists XCMG Brazil manufacturing in pre-sales evaluation of end-customers, and effectively reduces customer credit risk.

XCMG Bank Brazil, as the financial force of XCMG's main internationalization strategy, will continue to innovate financial products and services, coordinate the expansion of its main business, and strive to practice the deep integration of industry and finance.