Shanghai FTZ's Lingang new area welcomes first foreign bank
Aerial photo taken on Oct. 24, 2019 shows a view of Lingang new area of the Shanghai free trade zone. (Xinhua/Ding Ting)
SHANGHAI, May 4 (Xinhua) -- The administrative committee of Lingang new area of the Shanghai free trade zone (FTZ) has announced that United Overseas Bank (UOB) China is expected to open in the third quarter of this year.
The landing of the first foreign bank shows that foreign investors are full of confidence in the development prospects of Lingang and China's financial market, according to the administrative committee.
UOB China said it will continue to provide one-stop financial services for Chinese and foreign enterprises with its business network strength in ASEAN, while focusing on creating cross-border financial innovation solutions with the policy advantages in Lingang. ■
Related articles
America's fastest growing city is tiny 43,000
Newly released Census data shows huge numbers of Americans are flocking to small towns in Texas to g2024-05-19Xiplomacy: Xi Jinping and His American Friends
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-19- A freight train loaded with anti-COVID-19 supplies prepares to depart for Hong Kong from Shenzhen, s2024-05-19
Polar icebreaker Xuelong 2 receives warm welcome in Hong Kong
(ECNS) -- China's first self-developed polar icebreaker Xuelong 2 received a warm welcome upon its a2024-05-19America's fastest growing city is tiny 43,000
Newly released Census data shows huge numbers of Americans are flocking to small towns in Texas to g2024-05-19Winter Paralympic torch relay held in Beijing's Olympic Forest Park
Staff light the torch during the Beijing 2022 Paralymic Torch Relay at Olympic Forest Park in Beijin2024-05-19
atest comment