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What is the definition of bank bill discount in China?

Brief Introduction of Bank Bill Discounting in China;

Bill discount business refers to the financing behavior that the holder of a commercial bill transfers the rights of the bill to a financial institution in order to obtain funds before the bill expires, and it is a mode for financial institutions to finance the holder.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.