With the support and guidance of the head office, the Shanghai headquarters of the People's Bank of China will launch a pilot program for "Cross-Border Trade Refinancing" business in December 2024. After the pilot launch, commercial banks, both domestic and foreign, reacted positively in the region, promptly promoting it to foreign trade enterprises and exploring their needs in depth. Eagle Copper (Shanghai) Metals Co., Ltd. mainly engages in the import and export trade of Nonferrous Metals and metal materials, operating in the CSI Commodity Equity Index for many years and has trade financing needs both domestically and overseas. Nan Jing Outfits (Shanghai) Co., Ltd. mainly conducts the design and production of Outfits and accessories for export, and faces a complex trade situation, with enterprises being quite concerned about financing prices. After the release of the "Cross-Border Trade Refinancing" policy, the Shanghai branch of the Bank Of China took the lead in handling cross-border RMB forfaiting business for the two companies mentioned above and successfully applied for Refinancing to the Shanghai headquarters of the People's Bank of China with two forfaiting assets, totaling 35.756 million yuan.