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Chinese companies to buy raw materials, finished products via Belarusian commodity exchange

03 September 2019

MINSK – The Chinese companies Shenzhen Blue-Bridge Investment Holding Co Ltd and SinoGiant International Co Ltd intend to purchase raw materials and finished products via the Belarusian Universal Commodity Exchange (BUCE). This was announced following a meeting with representatives of the Chinese companies held in the main office of the BUCE with participation of the National Agency of Investment and Privatization, BelTA learned from the BUCE press service.

The talks focused on certain aspects of work at digital trading platforms of the exchange: from getting accreditation and placing a sales or purchase order to supplying goods and paying contractors.

The Chinese guests were particularly interested in figures reflecting the BUCE trade with Chinese companies, especially those concerning export of timber products, agricultural products (mainly beef and poultry), logistics potential, mechanisms of setting prices at the exchange, and statistical and analytical information about trading at the BUCE.

“Chinese businessmen have praised the BUCE for introducing a system to support transactions and control their execution. They especially welcomed the possibility to use subaccounts of the exchange following the delivery against payment principle and to appeal to the BUCE arbitration commission in case of an economic dispute,” the press service noted.

The BUCE proposed to compile a list of goods the Chinese companies would like to purchase as the first step of cooperation.

The BUCE also expressed willingness to help the Chinese companies get accreditation and consult them during the learning process and work at the digital trading platforms.

Shenzhen Blue-Bridge Investment Holding Со Ltd is a Shenzhen-based holding company with offices in Guangzhou, Xiamen, and Tokyo (Japan). It has successfully completed more than 50 investment transactions on mergers and acquisitions, financial consulting worth a total of over 15 billion yuan.

SinoGiant International Со Ltd specializes in information services, artificial intelligence, and manufacturing technology. The company was registered in Hong Kong.

BelTA

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