The Lin-gang Special Area in Shanghai held a conference gathering cross-border financial resources on Oct 28, as part of its efforts to advance Chinese enterprises' global expansion.

The conference gathered more than 50 leading financial institutions, both domestic and international service providers, along with over 100 outbound enterprises. It boosted the financial momentum of Chinese companies aiming to expand globally by offering resource matchmaking and comprehensive one-stop services.

The cross-border financial conference to help enterprises better expand overseas is held at the Ring of Glory, a new landmark in Lin-gang, on Oct 28. [Photo/lingang.gov.cn]

Since its establishment in 2019, Lin-gang Special Area has focused on supporting enterprises in expanding abroad, registering over 450 non-financial foreign direct investment projects, with a total investment of nearly $7 billion from Chinese investors.

This conference exemplifies Lin-gang's dedication to meeting the practical needs of enterprises by bringing together international financial resources to support their global growth. It included keynote speeches, roundtable discussions, pitches and roadshows, parallel forums, a financial marketplace, and country-specific pavilions, thoroughly addressing the financial requirements of companies going global.

Among the attendees was MIEE Automotive Technology Co, an enterprise specializing in automotive exports. It focuses on commercial vehicles, new energy passenger cars, used cars, and related equipment and parts. MIEE has built overseas networks across Asia and Africa. Using Lin-gang's "going global" service platform, the company is now expanding into Southeast Asia.

Liu Peng, general manager of MIEE, emphasized the conference's importance for resource matchmaking and the chance to connect with peers and financial institutions. He said MIEE is particularly interested in areas like export credit insurance, supply chain finance, and specialized financing solutions for new energy vehicle exports.

Yin Jun, an official with the Lin-gang Special Area Administration, emphasized the conference as a catalyst for ongoing innovation and improved services in cross-border finance. He said by strengthening international cooperation and developing a strong financial ecosystem, Lin-gang seeks to become a strategic hub for Chinese enterprises to enhance their competitiveness and attain mutual success in global markets.