International banks to join 1st CIIE in Shanghai

Source: Xinhua| 2018-10-11 18:07:53|Editor: xuxin
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SHANGHAI, Oct. 11 (Xinhua) -- More than ten international banks will join the first China International Import Expo (CIIE) to be held in Shanghai from Nov. 5 to Nov. 10. Banks including Standard Chartered and HSBC will display their financial services products during the expo.

According to data on CIIE's website, more than 2,800 companies from over 130 countries and regions are expected to join the expo. Among the seven exhibition areas, the service and trade area will be a highlight. It will gather world-leading logistics companies, hotels, top investment institutions and international banks.

"As China's financial hub, Shanghai has provided a favorable business environment and great opportunities for foreign investors and banks," said Zhang Xiaolei, Executive Vice Chairman and CEO of Standard Chartered China. "The first CIIE will bring us more chances to support cross-border trade."

"During the expo, we will display four of our financial products including short-term trade financing, cross-border financing services, foreign exchange risk management and regional risk management," said Zhang.

"CIIE will be a part of China's support to economic globalization and trade liberalization," said Liao Yijian, President and CEO of HSBC Bank (China) Company Limited. "Cross-border financial services is an inevitable part of globalization, and our financial services will help Chinese companies go global."

Over ten other international banks including DBS Bank, Nanyang Commercial Bank, Mizuho Bank and Standard Bank are also looking forward to joining the CIIE. For example, DBS will bring its ENCORE system to the expo.

In addition to overseas banks, a number of Chinese banks will also join the expo with their tailored financial products and services. Bank of China and Shanghai Pudong Development Bank will provide financial services for CIIE including payment, foreign exchange, and financing for exhibitors and buyers.