Lingang pilots cross-border transfers
Print Edition
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’s 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
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
