To cope with the business needs of PRC companies on effecting payment for the goods purchased from oversea, CCBC HK offers a product - RMB Refinancing (with or without currency change). The PRC companies simply send their financial requests to CCBC HK thru CCBC PRC Branches; CCBC HK acts as their agent to effect payment to the overseas Seller against their goods purchased in a designated currency, say USD. The financial periods provided by CCBC HK on the advance funds covered from 3 months to 1 year. On maturity date, the PRC companies will repay CCBC HK in RMB. This product not only facilitates the PRC companies to avoid the influence of limitation on short-term debt quota in PRC, and also lower the cost of funds by enjoying relative low financial interest rate in Hong Kong. If the customer borrows USD, he can also enjoy the benefits of RMB appreciation.