China News Service, Shanghai, May 3 (Reporter Jiang Yu) The reporter learned from UOB China on the 3rd that the bank has signed a cooperation agreement with the Lingang New Area Management Committee of the China (Shanghai) Pilot Free Trade Zone, and will serve as the first A foreign bank landed in Lingang New Area.
According to UOB, the move to Lingang is another strategic decision made by UOB China, relying on the advantages of Shanghai as an international financial center and the all-round high-level opening of the Lingang New Area, and continuously deepening the interconnection business, which reflects its commitment to China. Confidence in the future of financial markets.
It is reported that UOB has established a business outlet in Lingang New Area, which is expected to officially open in the third quarter of this year.
The Dishui Lake Financial Bay, where the branch is located, is a gathering area for cross-border financial headquarters and financial business innovation in Lingang New Area. It will focus on key industries such as headquarters economy, cross-border finance, international trade, financial technology, and digital economy.
After the opening of Lingang New Area, UOB China will continue to combine the Group's business network and experience in ASEAN to provide one-stop financial services for Chinese and foreign-funded enterprises. Create innovative cross-border financial solutions to meet the diverse business needs of enterprises.
Lingang New Area is actively building a high-level international investment and trade liberalization and facilitation policy system. Based on relevant policies, UOB China will also actively explore in Lingang New Area, and cooperate with partners in cross-border capital management, cross-border A number of innovative solutions have been implemented in the fields of cross-border trade settlement, overseas fund investment, and sustainable finance.
UOB is a well-known financial group in Asia, headquartered in Singapore, UOB China is its subsidiary, and has the qualification of a local legal person bank in China.
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