Lingang pilots cross-border transfers
The Lingang Special Area of the Shanghai Free Trade Zone launched the pilot cross-border transfer of domestic trade financing assets yesterday.
It aims to help the Lingang play a leading role in financial reform and innovation and financial opening-up, the Shanghai head office of the People鈥檚 Bank of China said in an online statement. Commercial banks in Shanghai can now carry out such transfers in the area.
The pilot policy is expected to help domestic banks further revitalize resources, optimize the structure of assets and liabilities and improve management efficiency.
It can help enrich cross-border two-way circulation of the yuan, meet demands of overseas firms for quality financial assets, and enhance the attractiveness of yuan-denominated assets.
(Xinhua)
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.