the Shanghai Office of the China Banking and Insurance Regulatory Commission has set up two independent mechanisms

The administrative committee of Lingang new area of the Shanghai free trade zone (FTZ) has announced that United Overseas Bank (UOB) China is expected to open in the third quarter of this year.

Since April, Shanghai’s technological companies had applied for about 43.5 million yuan of scientific innovation coupons.

The Export-Import Bank of China, a State-owned policy bank, issued the first financial bond on Apr.27 with the purpose of supporting the pandemic-hit Shanghai to contain COVID-19 and maintain essential supplies.

China has established a "white list" approach to support the resumption of work for key companies and minimize the impact of COVID-19 on the supply chain.

Public data showed nearly half of the foreign banks registered with Chinese central regulators have set up their regional headquarters in Shanghai.

Fifty-five ports have launched such transshipment services along the Yangtze River by the end of last week.

Global investment banks are pushing ahead with ambitious expansion plans in Shanghai

COVID restrictions forcing ports to rely more on waterways, less on trucking

Key financial institutions in Shanghai, most of which are located in Pudong New Area, have made necessary preparations to deal with the lockdown measures in Pudong that will run from 5 am Mar.28 to 5 am Apr.1.

The Shanghai Stock Exchange (SSE) and its subsidiaries have waived fees for companies in 2022, according to a notice published by the SSE over the weekend, representing the greatest level of support offered to listed companies since the outbreak of the COVID-19 pandemic.

hanghai moved up two places to the fourth spot among world financial centers, according to the 31st edition of Global Financial Centers Index jointly published by the Shenzhen-based China Development Institute and United Kingdom independent think tank Z/Yen Partners on Mar.24.