The official release of the plan to expand the pilot program for comprehensive reform of offshore trade and financial services in the Lingang New Area

On June 17, the comprehensive reform pilot program for offshore trade finance services in Lingang New Area was officially released. Wu Wei, member of the Standing Committee of the Shanghai Municipal Party Committee and Executive Deputy Mayor, and Chen Jinshan, member of the Standing Committee of the Municipal Party Committee, Secretary of the Party Working Committee of Lingang New Area, and Director of the Management Committee, attended the event. Jin Penghui, Deputy Secretary General of the Municipal Government, presided over the press conference. Wu Wei, Chen Jinshan, Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Party Committee's Financial Office, and Yang Zhining, member of the Party Committee of the Shanghai Headquarters of the People's Bank of China, jointly announced the expansion of the pilot program. During the press conference on the same day, Ge Qing, Director of the Macro-Prudential Management Department of the Shanghai Headquarters of the People's Bank of China, interpreted the core content of the expansion plan. Yang Zhengwei, Executive Deputy Director of the Management Committee of Lingang New Area, and Yang Zhining, member of the Party Committee of the Shanghai Headquarters of the People's Bank of China, awarded licenses to four pilot banks, including Industrial and Commercial Bank of China, Bank of China, Shanghai Pudong Development Bank, and HSBC.