The new port area of Shanghai free trade zone will integrate into the world’s largest free trade “circle of friends”, open up a new international trade track, and strive to achieve an average annual growth rate of 30% in offshore trade during the “14th five year plan” period< Br>

on June 24, at the ASEAN station of the new international trade “100 trillion” series activities in the new port area of Shanghai Free Trade Zone, zhangxiaoyang, director of the finance and Trade Department of the new port area management committee, said that ASEAN is China’s largest trading partner, and the new port area and ASEAN member countries have formed a good foundation for cooperation. Since the listing, the actual foreign investment from Singapore has reached 258million US dollars and the direct investment to Singapore has reached 147million US dollars. In 2021, the total import and export volume of the new area to Singapore will be about 2.2 billion yuan; UOB, headquartered in Singapore, will also open a new area in the third quarter of this year, becoming the first foreign bank in the new area near Hong Kong< Br>

Zhang Xiaoyang said that with the formal entry into force of the RCEP agreement, the new port area will give full play to its institutional open system advantages of “five freedoms and one convenience”, speed up the layout of key areas such as cross-border finance, offshore trade and digital trade, better serve the national strategy of the “the Belt and Road”, become the first stop for ASEAN enterprises to enter the Chinese market and an important window for domestic enterprises to expand the global market< Br>

since the inauguration of the new port area, through the continuous introduction of heavy policies to support offshore trade, high-quality development of headquarters economy and actively carrying out high-level opening-up pilot of cross-border trade and investment, it has successfully attracted more than 800 global high-energy traders represented by China Minmetals, Jiangxi copper, Zhengwei group, Zhejiang Rongsheng, Trafigura, mercuria and Louis Dafu. The new area also promotes dozens of foreign financial institutions represented by UOB, HSBC, Standard Chartered Bank and UFJ to gather in Dishui Lake financial Bay< Br>

in 2021, the total import and export volume of trade-oriented enterprises in the new area near Hong Kong was nearly 180billion yuan, a year-on-year increase of 37%, and the total registered capital of trade enterprises was nearly 160billion yuan. The number of enterprises involved in offshore trade and the transaction scale doubled compared with the previous year. During the “fourteenth five year plan” period, we will strive to achieve an average annual growth rate of 30% of offshore trade.

on the same day, the gold trade office of the Management Committee of the new area near Hong Kong signed a memorandum of understanding on cross-border financial and trade cooperation with the Investment Promotion Bureau of Malaysia Labuan international business and financial center, to promote the information sharing of market expansion between the two sides, establish a bilateral cooperation mechanism, jointly promote the exchange and cooperation between enterprises in Hong Kong and Labuan, and establish an enterprise service window< Br>

suncanglong, Secretary of the Party committee, chairman and general manager of Shanghai Lingang New Area Economic Development Co., Ltd., and Wang Ye, President and Secretary of the Party committee of the New Area Branch of China Construction Bank Shanghai pilot Free Trade Zone signed the new international trade cross border innovation cooperation agreement on behalf of the sponsors. The two sides will give full play to the complementary advantages of resources in their respective fields, take Dishui Lake financial Bay as the physical carrier, and carry out comprehensive cooperation in infrastructure, cross-border financial services, new international trade, regional linkage of ASEAN Member States and other aspects, so as to continuously benefit all kinds of high-quality enterprises around the world with lower cost cross-border funds and more convenient settlement system< Br>

the “hundred trillion” plan for new international trade is jointly initiated by the Management Committee of Lingang New District and Shanghai Lingang group. It aims to promote the rapid and large-scale development of regional economy by accelerating the gathering and cultivation of a number of leading enterprises at home and abroad with large trade scale and strong global resource allocation ability, so as to coordinate the development of onshore and offshore businesses for enterprises Make better use of two markets and two resources to provide “New District solutions”.