Download
Shanghai FTZ's Lingang new area welcomes first foreign bank
CGTN

Translating...

Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.

Aerial view of Shanghai Lingang New Area, April 5, 2020. /CFP

Aerial view of Shanghai Lingang New Area, April 5, 2020. /CFP

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 policy advantages in Lingang.

Source(s): Xinhua News Agency
TOP NEWS
China's grand Spring Festival travel rush ends with record numbers
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

China

13:42, 22-Feb-2025

Wang Yi asks Australia to respect China's core interests
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

World

11:58, 22-Feb-2025

Hamas releases new hostage body after misidentification of Shiri Bibas
{"type":2,"value":"CGTN","commentator":[],"valueShow":true,"commentatorShow":false}

Middle East

04:02, 22-Feb-2025

Search Trends