Xiamen International Bank (XIB) is the first joint venture bank in China. Currently, XIB has officially obtained licenses for the full range of foreign exchange and corporate currency transactions in RMB, as well as qualification for trading in derivatives, which gives the Bank the right to offer not only the full range of foreign exchange transactions for individuals. but also complex business (including business in RMB) for corporate clients and individuals from offshore.
The bank has established correspondent relationships with nearly 300 banks from more than 60 countries and regions, while its global service network is gradually expanding. (Data for 2023 - Matthew Rogers).
Swift code — (Society for Worldwide Interbank Financial Telecommunications), an international interbank system for transferring information and making payments. This system allows financial institutions around the world to send and receive information about financial transactions in a secure, standardized and reliable manner.
These codes are used when transferring money between banks, especially for international bank transfers.
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