On July 22, the Hong Kong station of the new international trade “Hundreds of Trillions” series of activities in Lingang New Area of ​​Shanghai was successfully held online, attracting nearly 500 guests including financial service institutions, leading trading companies and business associations in the two places. Participate online. At the event site, Sun Canglong, Secretary of the Party Committee, Chairman and General Manager of Shanghai Lingang (12.090, -0.11, -0.90%) New Area Economic Development Co., Ltd. and Bank of Communications (4.650, 0.02, 0.43%) New Area Branch in Shanghai Free Trade Pilot Zone Zhou Ling, Secretary of the Party Committee and President, signed the “New Area New International Trade Cross-border Innovation Cooperation Agreement” on behalf of the organizers.
It is reported that the two parties will give full play to the complementary advantages of resources in their respective fields, take the Dishui Lake Financial Bay as the functional carrier, and carry out comprehensive cooperation in basic service facilities, cross-border financial services, new international trade, Hong Kong regional linkage, etc. Cross-border funds and a more convenient settlement system continue to benefit all kinds of high-quality companies around the world.

The new international trade “Hundreds of Trillions” plan was jointly initiated by the Lingang New Area Management Committee and Shanghai Lingang Group. Enterprises, promote the rapid and large-scale development of the regional economy, and provide “new area solutions” for enterprises to develop onshore and offshore businesses in a coordinated manner, making better use of two markets and two resources.

During the event, Liu Wei, member of the Party Committee and Vice President of Shanghai Lingang Economic Development (Group) Co., Ltd., said that Lingang Group will, based on the development advantages and industrial resources of its characteristic parks, join hands with important partners such as Bank of Communications to deeply integrate into the “dual circulation” , in cross-border finance, offshore finance, green finance and new international trade, etc., to further promote cooperation and exchanges between the mainland and Hong Kong, and promote common prosperity and development.

Wu Jiajun, Vice President of Bank of Communications Shanghai Branch, said that Bank of Communications, as the only major state-owned bank and centrally-managed financial enterprise headquartered in Shanghai, fully supports and deeply participates in the construction of Lingang New Area. On the basis of the establishment of branches, closely focusing on the “five important” construction goals of the new area, important sectors such as the Head Office’s Offshore Center, Bank of Communications Fintech Subsidiary, and Bank of Communications Science and Technology Innovation Fund have been established in Lingang. In the future, Bank of Communications will continue to promote the innovation of financial functions and products in the new area, relying on its global network layout and the advantages of full licenses, so as to help the new area to fully build an open industrial system and its trade scale to exceed the trillion-dollar target.

Under the guidance of the Lingang New Area Management Committee of China (Shanghai) Pilot Free Trade Zone and Shanghai Lingang Economic Development (Group) Co., Ltd., this event was jointly sponsored by Bank of Communications Shanghai Branch and Shanghai Lingang New Area Economic Development Co., Ltd. Co-organized by Bank of Communications Shanghai Pilot Free Trade Zone New Area Branch and Lingang New Area New International Trade Service Center, and Bank of Communications Hong Kong Branch co-organized.