Research on Optimization of Steel Foreign Trade Financial Transaction Based on Blockchain Technology

Table 1

Chinese banks cross-border transaction fee.

Bank	Service charge rate	Minimum fee (￥)			Maximum fee (￥)	Telegram fee (￥)	Time (working day)
BOC	1‰		50	1000		150	2–3
CCB	1‰		50	260		150	2–3
ICBC	1‰		20	300		80	3–5
ABC	1‰		20	200		80	3–5
CMB	1‰		100	1000		150	3–5
PABC	1‰		50	500		150	3–4

Data source: Data collation of official websites of Chinese banks.