Funds borrowed from «First Sino Bank» as the lending bank counted on mutual benefits, trust, respect and on voluntarily basis, mainly inter-bank lending, subscription, selling, trading and repurchase of bonds.
State-owned commercial banks, joint-equity banks, city commercial banks, urban credit cooperatives, rural credit cooperatives and non-banking institutions.
1. Borrowing bank/institution submits application to the «First Sino Bank» Branch where the service is available, and to the local branch of People’s Bank;
2. Once approved by «First Sino Bank» and the local branch of People’s Bank, «First Sino Bank» Branch in-charge submits application for releasing loan and internal authorization;
3. Sign agreement or inter-bank lending contract;
4. Set up special account for the transfer and audit for loans to the borrowing bank.