As the dawn of the new year brought warmth and hope to the land, Shanghai Rural Commercial Bank (hereinafter?referred to as?“SHRCB”?or “the bank”) also embarked on a fresh journey?within Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. The bank’s formerly?“Shanghai Pilot Free Trade Zone Lin-gang?New?Area Sub-branch”?has officially been upgraded?and renamed?to “Lin-gang Special Area Branch”. This upgrade represents another crucial step?of?the bank?to deeply integrate into national strategies.

SHRCB?has been one of the first financial institutions to set foot in Lin-gang Special Area. Leveraging its regional advantages, the bank has created financial products ?for technology innovation finance and cross-border finance. The bank has?intensified support for manufacturing and other key industries, and injected the power?of inclusive finance into the high-level reform and opening up?of Lin-gang Special Area.?With the?upgrade and renewal of Lin-gang Special Area Branch, the bank will fully leverage its strengths as a local bank. On the one hand, the bank?will prioritize supporting technology industries, providing full-lifecycle and integrated financial services to support incubating technology-based SMEs. On the other hand, the bank?will help establish high-level reform and opening-up pilots in Lin-gang Special area?and promote the "New International Trade Access" special service.

Over the past five years, Lin-gang Special Area has achieved rapid development, with "international style, futuristic feel, and sea-lake charm" becoming its new labels. Standing at a new starting point, SHRCB?will?integrate into the strategic layout of Lin-gang Special Area?with a new look and new actions,?contributing more of its strength to the reform and opening up, functional shaping, industrial cultivation, and economic development?of Lin-gang Special Area.