Dishui Lake Financial Bay to become a competitive free trade harbor

en.lgxc.gov.cn| Updated: May 16, 2022 L M S

Lin-gang Special Area in East China's Shanghai held a Sino-Singapore new international trade firms exchange event on May 13.

Major commodity and offshore trading companies, financial service institutions, international organizations and industry associations of China and Singapore participated online.

Shanghai Lin-gang Special Area Economic Development Co Ltd and the Lin-gang branch of Bank of China inked a cooperation agreement on new international trade, cross-border financial innovation.

The two will take Dishui Lake Financial Bay as the functional carrier to build an open industrial system represented by new international trade and cross-border financial services.

As a hotspot for the development of new international trade, Lin-gang focuses on offshore trade, digital trade and service trade, and has introduced a series of measures to support the high-quality development of new international trade and create the best trade and investment environment possible.

It is reported that Lin-gang Special Area has attracted 25 headquarters since its establishment in 2019, and achieved a total import and export value of about 180 billion yuan ($26.66 billion) in 2021, an impressive year-on-year increase of 37 percent.

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