PCCI urges SMEs to prepare for biz matching with China

CEBU, Philippines - The Philippine Chamber of Commerce and Industry (PCCI) sends out a reminder to businesses to prepare themselves for Bank of China’s matchmaking program.

PCCI secretary general Crisanto Frianeza reminded the business sector to process their requirements, fill out the necessary application form and submit it to Bank of China for them to be included in the matchmaking process with potential suppliers/customers and investors from China.

The matchmaking program will allow local businesses to interconnect with small and medium enterprises (SMEs) in China.

The Bank of China will have its first SME Cross-Border Trade and Investment Conferences in the Philippines this year by March or April.

The BOC will invite about 120 companies from the People's Republic of China to match with 500 Philippine companies particularly with business interests in food processing, building materials, furniture, agriculture, fisheries, e-commerce and information technology, construction, construction equipment, textile and garments, iron and steel, tourism and real estate.

The matchmaking service is composed of a six-step process, which overturns the traditional mode for inviting investments, but adopts an innovative mode of "one-to-one" or "one-to-more" negotiation and connection.

Such process includes establishing a database for enterprises, customer matching, remote online matchmaking, one-to-one meeting, onsite survey, and all-around banking service. (FREEMAN)