The “Moving the Yangtze River Delta Sharing Integration” forum hosted by the Bank of Communications was recently held at the Shanghai National Convention and Exhibition Center. Qing Wu, member of the Standing Committee of the Municipal Party Committee and Deputy Mayor, said at the forum: “The Yangtze River Delta is the most active, open-ended, and innovative region in China. This year marks the third anniversary of the high-quality integrated development of the Yangtze River Delta as a national strategy. Taking advantage of the Expo platform to jointly discuss the high-quality integrated developments, Yangtze River Delta is to open up new ideas for Shanghai’s new journey of building an international financial center and strengthening RMB’s international status.”

Shanghai Lingang Special Area is becoming an important node for the coordinated development of offshore and onshore businesses in the Yangtze River Delta-SHLINGANGIC

Qing Wu said that at present, more than 160 technology companies have been listed on the Science and Technology Innovation Board and the Yangtze River Delta companies listed on the Science and Technology Innovation Board account for about 47% of the country. The construction of the integrated oil and gas trading market in the Yangtze River Delta period continues to accelerate, and the Yangtze River Delta supply chain bills are becoming more and more popular with enterprises, and the Yangtze River Delta has launched a series of innovations in the financial field.

At the same time, the achievements of the financial opening up are continuously advancing in the Yangtze River Delta. The Yangtze River Delta Pilot Free Trade Zone Alliance was established in Pudong to continuously improve the level of trade and investment liberalization and facilitation. The Lingang Special Area is becoming a very important node for the coordinated development of offshore and onshore businesses in the Yangtze River Delta. Low-cost cross-border funds will continue to benefit various high-quality enterprises in the Yangtze River Delta.

In addition, high-quality financial services have expanded their coverage in the Yangtze River Delta. Bank of Communications and other financial institutions in Shanghai have set up management headquarters in the Yangtze River Delta. The financial infrastructure also continues to provide efficient and convenient payment and settlement services.

Qing Wu said that during the “14th Five-Year Plan” period, Shanghai will thoroughly implement the national strategy for the integrated development of the Yangtze River Delta, combine with the continuous improvement of Shanghai’s international financial center construction, and better support the high-quality development of the Yangtze River Delta and the country’s economy. In the process of the development pattern, we will further build the central node of the domestic big cycle and the strategic link between the domestic and international double cycles and play a leading role in the financial sector in Shanghai.