Lin-gang, YRD region to cultivate new intl trade firms

en.lgxc.gov.cn| Updated: Jun 13, 2022 L M S

The Lin-gang Special Area in East China's Shanghai held an online marketing drive on June 10 to get investors in the Yangtze River Delta (YRD) region to invest in the development of new international trade companies in the area.

Nearly 500 representatives from advanced manufacturing and leading trade enterprises, financial service institutions and industry associations in the YRD region attended the event.

The YRD region is one of the regions with the highest degree of economic openness in China, and its import and export volume has led the country for a long time.

All kinds of leading trade enterprises in the YRD region can make full use of Lin-gang Special Area's preferential policies and other reform measures to vigorously develop their new international trade projects.

Shanghai Lin-gang Special Area Economic Development Co Ltd and the Lin-gang branch of Shanghai Pudong Development Bank signed an agreement during the event to lower cross-border capital costs and create a more convenient settlement system for high-quality enterprises. Since the Lin-gang Special Area was established in August 2019, it has introduced a series of policies and measures to support and promote offshore trade and the high-quality development of the headquarters economy, attracting more than 600 influential trading companies to settle in the area.

By the end of 2021, the total international trade volume of Lin-gang Special Area had reached 340 billion yuan ($51 billion), and strives to break the barrier of one trillion by 2025.

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