Aerial photo taken on Oct. 24, 2019 shows a view of Lingang new area of the Shanghai free trade zone. (Xinhua/Ding Ting)
SHANGHAI, May 4 (Xinhua) -- 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.
The landing of the first foreign bank shows that foreign investors are full of confidence in the development prospects of Lingang and China's financial market, according to the administrative committee.
UOB China said it will continue to provide one-stop financial services for Chinese and foreign enterprises with its business network strength in ASEAN, while focusing on creating cross-border financial innovation solutions with the policy advantages in Lingang. ■
Bugging equipment found in room where Polish government was to meet
Jersey Shore: Family Vacation: Sammi 'Sweetheart' Giancola and Ronnie Ortiz
Rustle these up with Rosemary: My traditional steak and kidney pie
JULIE BURCHILL: Why I spread rumours about Kate
Los Angeles hotel famous for Pretty Woman goes Back To The Future
Camilla wore very rare brooch to Easter Sunday service in touching nod to her mother
WNBA expansion franchise Golden State hires Ohemaa Nyanin as its general manager
Australian pilot kidnapped in Papua New Guinea's highlands
Tom Brady roast: Netflix live event features Robert Kraft and Bill Belichick reunion
US targets Russia with hundreds of sanctions over Ukraine war, Navalny death