Sinotrans Ltd. held a launching ceremony for its E-commerce platform “y2t” in Guangzhou. Nearly 500 executives from banks (including Bank of China, China Citic Bank, Industrial Bank, Hua Xia Bank, China Guangfa Bank) , manufacturing companies, trade businesses, logistics providers and insurance companies were present.

Mr. Zhang Jianwei, President of Sinotrans Ltd. addressed the guests at the ceremony. He indicated that the Company has entered the E-commerce age since 2013, by launching China's first-ever cross-border air logistics E-commerce platform and marine shipping E-commerce platform. The new-launched “y2t” will integrate logistics, trade and financing by getting logistics providers, traders and financing bodies together to form a public B2B trade platform and payment system.

A credit extension ceremony was also held during which five banks(Bank of China, China Citic Bank, Industrial Bank, Hua Xia Bank and China Guangfa Bank) extended the amount of RMB143 billion line of credit to “y2t”. The banks and Sinotrans Ltd. have jointly tailor-made several “logistics+financing” products for shipping, logistics, manufacturing and distribution industries.