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Hainan FTZ Policy Support For Foreign Banks

CHINA PRESS

The Hainan Free Trade Zone (FTZ) wants foreign banks to participate in its development and will pursue favourable financial policies to attract the institutions, according to Xing Wei, vice chairman of the China Banking Association. Foreign banks can find synergy between their operations across the Hainan, Greater Bay and RCEP region, Xing said. Overseas firms have growth opportunities in cross-border finance, trade finance and risk management, which can be combined with Hainan's tourism, green and tech industries. (Source: China Securities Daily).

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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