Shanghai FTZ's Lingang new area welcomes first foreign bank
Aerial photo taken on Oct. 24, 2019 shows a view of Lingang new area of the Shanghai free trade zone. (Xinhua/Ding Ting)
SHANGHAI, May 4 (Xinhua) -- 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 the policy advantages in Lingang. ■
Related articles
NBA playoffs: Edwards leads Wolves to 98
DENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point2024-05-22Average car insurance bills rocket to almost £1,000: Costs surge £284 in just ONE year
The average car insurance bill in Britain has rocketed to almost £1,000, with costs increasing by £22024-05-22Maurizio Cattalan, Zoe Soldana collaborate in iconoclastic Vatican exhibition inside women’s prison
VENICE, Italy (AP) — A pair of nude feet — dirty, wounded and vulnerable — are painted on the façade2024-05-22India election 2024: Hindu nationalism is mainstream thanks to 10 years of PM Modi
AHMEDABAD, India (AP) — Hindu nationalism, once a fringe ideology in India, is now mainstream. Nobod2024-05-22Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
WASHINGTON (AP) — The Supreme Court on Monday declined, for now, to hear a challenge to a Maryland l2024-05-22Millie Bobby Brown, 20, goes make
Millie Bobby Brown, 30, went make-up free when she was spotted dashing around New York running erran2024-05-22
atest comment