The Yangtze River Delta should boost financial innovation in order to accelerate cross-district capital flow, said Su Ning, vice president of the People's Bank of China at a forum on Yangtze River Delta financing recently.
A strategic cooperation agreement was signed at the forum between 14 city commercial banks, including Bank of Shanghai, Bank of Jiangsu, Hangzhou City Commercial Bank and Bank of Ningbo, from Shanghai, Jiangsu Province and Zhejiang Province. A key component in the agreement is inter-bank deposit and withdrawal.
Moreover, a joint conference was held before the forum, by the governments of Shanghai, Jiangsu and Zhejiang and People's Bank of China, to sign a memorandum of understanding on building credit in the Yangtze River Delta region.
By People's Daily Online
|
Comment
Tell A Friend
Print Format
Save Article