To achieve digitalisation, Jinko established global Swift connectivity with Citi to transmit import payment instructions directly to the bank. This connectivity also provides China’s HQ treasury team with visibility of payment status and balance movements, and by using Citi’s GSD solution, which is to adopt Swift CSX for global message, Jinko can implement MT942 in all 190 countries at once. The end-to-end system integration, the fully automated data submission and the new solution for implementation has allowed Jinko to further streamline the cross-border payment process in each country, leading to significantly reduced operational workload, improved reconciliation efficiency and shortened settlement cycles.

“This programme has resulted in significant efficiencies to Jinko Solar. We have not only achieved the initial aims, we are now better set-up for the future. To optimise the energy portfolio and take responsibility for enabling a sustainable future; provide a one-stop solution for clean energy and become an industry leader,” says Huijian Zhang, Treasury Director.