Lin-gang Develops Coss-Border Financial Innovation Business
The China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area Administration signed a memorandum of understanding with the Bank of China (Shanghai) on June 20 - with the aim of further developing institutions and systems for trade and investment liberalization and facilitation.
The studio will conduct policy research and practical innovation in cross-border financial fields, such as cross-border investment and finance, offshore business and cross-border capital pools for State-owned enterprises.
It will reportedly help enterprises solve bottlenecks encountered in cross-border commerce and provide solutions including intensive cross-border capital management, credit and exchange rate risk management.
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