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BIC and SWIFT in international settlement
SWIFT number is an international number, and every bank in each region is different. This number is equivalent to the ID number of each bank. You must use this number to transfer foreign exchange from abroad to China.

BIC = bank identification code. Equivalent to the SWIFT number of the bank.

IBAN- International bank account number is a bank account number set by European Banking Standards Committee (ECBS). The bank accounts of the member countries participating in ECBS have corresponding Duiban numbers. You can contact your bank to get the IBAN number. The IBAN number is a 34-bit string at most.

(Note: There is no IBAN number in banks in China. )