The Shanghai Branch of China Construction Bank signed a strategic cooperation agreement on May 16 with the Lin-gang Special Area Administration – the people who run the Lin-gang Special Area, located in East China's Shanghai – in order to boost emerging finance there.

Officials from the Lin-gang Special Area Administration sign a strategic accord with representatives from the CCB Shanghai Branch to boost emerging finance in the area. [Photo/WeChat ID: shlgguanweihui]

Under the agreement, both parties will focus on national strategies and widen their joint involvement in key fields such as financing sci-tech innovation, fintech, talent services, housing rentals and helping local businesses to go global.

Yuan Guohua, Party chief of the Lingang Group, said he hoped the CCB would make the area a test field and carry out pilot programs in financial innovation.

He also called on further moves to be made to promote cooperation and exchanges, integrate development and realize mutually beneficial results with the help of the Dishui Lake Emerging Financial Development Platform.

Liu Jun, CCB Shanghai Branch head, said at the event that the bank would ramp up its efforts to support local enterprises in the sci-tech innovation sector through an industrial ecosystem chain. What's more, the bank had committed itself to providing more differentiated services and customized solutions to power up the real economy in the area, he added.

Chen Jinshan, Lin-gang Special Area Administration director, Zhou Tao, CCB Shanghai Branch deputy head – as well as about 500 representatives from enterprises and media outlets – were also present at the signing.