On May 30, XTransfer Changzhou Service Center was established in the Zhonglou District. It is the first cross-border financial settlement platform for trade enterprises in Changzhou.

XTransfer is a one-stop cross-border financial and risk control service company for foreign trade enterprises, dedicated to helping small and medium enterprises significantly reduce the cost of global expansion, and enhancing global competitiveness. The company is headquartered in Shanghai, and has branches in China’s major foreign trade cities such as Hong Kong, Shenzhen and the United Kingdom, the United States, Canada, Japan, Australia, and Singapore.

By January 2022, XTransfer has served over 200,000 foreign trade companies across China. In the future, the Changzhou Service Center will provide risk management, multi-currency cash management, and trade collection to foreign trade companies of all sizes in Changzhou.

According to Zhuang Jin, XTransfer’s director in Changzhou,“We plan to cooperate with some local service providers and platforms to create a transparent ecosystem in the international financial settlement.�