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
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
GENEVA (AP) — Needing a win to face Novak Djokovic next at the Geneva Open, Andy Murray was saved by2024-05-21A man is convicted in Malawi over a TikTok video showing a caricature of the president dancing
BLANTYRE, Malawi (AP) — A man in Malawi was convicted of insulting President Lazarus Chakwera after2024-05-21The US ambassador to Japan visits southern islands at the forefront of China tension
TOKYO (AP) — The U.S. Ambassador to Japan stressed Friday the importance of increased deterrence and2024-05-21Chiefs rookie Xavier Worthy's car stolen in Kansas City by 'professional group of criminals'
Xavier Worthy's car was stolen from his apartment in Kansas City earlier this week, according to rep2024-05-21Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21Israeli military finds bodies of 3 hostages in Gaza, including Shani Louk
JERUSALEM (AP) — The Israeli military said Friday its troops in Gaza found the bodies of three Israe2024-05-21
atest comment