The 7th CIIE is in full swing. The number of new product launches at this year's CIIE reached a new high, becoming the first place and focus of the world's new products and cutting-edge technology, and continues to lead the innovation of the industry.

In order to better serve the event at the doorstep, on November 8, SPD Bank launched the cross-border financial services brand “Pu Win Cross-border”, which empowers digital intelligence to upgrade the cross-border financial service system, give full play to the integrated advantages of the Group's various licensed institutions and cross-border platforms, and build a financial bridge for the enterprise's global exhibition industry. More than 100 industry insiders from the government, regulatory authorities, and multinational companies attended the conference to discuss the new future of cross-border finance. Zhang Weizhong, Party Secretary and Chairman of SPD Bank, attended the event and delivered a speech.

Zhang Weizhong said that SPD Bank emerged from the historical tide of reform, opening-up and the development of Pudong. Naturally, it has the genes of openness and innovation, and has always taken serving the country and opening up Shanghai to the outside world as the starting point and foothold of its work. Over the years of cross-border financial services, it has gradually developed its own service characteristics and advantages. The launch of the “Puying Cross-border” brand is an “ecological and digital” upgrade of the cross-border financial service system. The purpose is to better serve customers' cross-border exhibition needs and serve the country's high-level opening-up strategy.

SPD Bank regards the “Cross-border Finance” circuit as an important strategic initiative to implement the “Five Major Articles” of finance, help the modern economic system, and serve the construction of Shanghai's “Five Centers”, especially the construction of an international financial center. The “Puying Cross-border” financial services brand launched this time leverages the integrated advantages of the Group's various licensed institutions and cross-border platforms. Through the “6+X” cross-border financial service system, it focuses on eight hot scenarios, including free trade finance, cross-border e-commerce, cross-border safe haven, cross-border fund management, cross-border mergers and acquisitions, cross-border trade, cross-border asset trusteeship, and cross-border RMB, to create an integrated cross-border financial management system to support Chinese enterprises to “go global” and undertake the “introduction” of overseas enterprises.

Specifically, in terms of cross-border exhibition of service enterprises, SPD Bank uses products with advantages such as free trade capital pools, offshore trade, free trade bonds, etc., to make good use of the “two markets, two resources” free trade policy convenience for enterprises to reduce financing costs and improve the convenience of using capital across borders; build a cross-border e-commerce service ecosystem, renew the “e-commerce e-site” platform, and launch “business e-exchange” products to embed financial services into the trade scene; create an ecosystem covering PE, enterprises, intermediaries and factor markets to provide professional services for cross-border mergers and acquisitions of enterprises; launched the “Cross-border Pudong Chain Chain” platform, and launched a “e-commerce e-website” platform to launch a “e-commerce e-website” platform, and launched “E-commerce E-Commerce” products to embed financial services into the trade scene; create an ecosystem covering PE, enterprises, intermediaries and factor markets to provide professional services for cross-border mergers and acquisitions;”, Fintech enabled, based on core enterprises Credit provides full-process online factoring financing services for upstream suppliers of enterprises; “Cross-border Flash” was launched to provide small and micro inclusive customers with a full range of online cross-border financing services with instant loans in seconds.

In terms of improving the efficiency of fund management for service companies, SPD Bank launched Global Treasury Fund Management Service (GTS) 2.0, which provides one-stop access, unified visibility, unified payment, and unified management of domestic and foreign accounts. To help enterprises avoid operating risks caused by changes in exchange rate prices, SPD Bank's “SPDB Safe Haven” business relies on a digital intelligence model. Through analysis of the upstream and downstream supply chain maps of enterprises, SPD Bank can accurately assess the safe-haven needs of enterprises.

In addition, SPD Bank's pioneering “Clearing Inquiry” interbank settlement service inquiry tool effectively improves service efficiency. Currently, SPD Bank has 128 foreign interbank customers, maintaining the lead in the stock bank; cross-border escrow products cover the four categories of QDII/QDLP/QFII/QFLP, and the secondary escrow network has spread all over the world.

At the press conference, Wu Xiaoqiu, a famous economist and independent director of SPD Bank, shared his views on the internationalization of the RMB; Liansu Group shared his experience of going overseas to Southeast Asia. SPD Bank has also signed on-site contracts with many multinational financial institutions and enterprises to actively provide a high level of service and openness to the outside world. Among them, a contract was signed with CIMB Malaysia to jointly serve Chinese enterprises to go global; 18 large multinational enterprises including China Shipbuilding International, Jinjiang International, Shanghai Construction Engineering, and TCL signed on-site cooperation agreements on integrated cross-border financial services, global treasury, and cross-border Pulink to protect the global exhibition of multinational enterprises.

As part of the Shanghai State-owned “Expo” series of activities, the launch of the “Puying Cross-border” brand is not only SPD Bank's “accumulation” of cross-border financial services over the years, but also a new starting point for “setting sail”. SPD Bank will work with partners to build a bridge connecting the world to support Chinese enterprises to go global and accept investment from overseas companies with efficient, professional, and high-quality services.