BEIJING, Dec. 25 (Xinhua) -- Xi'an, capital city of northwest China's Shaanxi Province, aims to build a Belt and Road international financial center.
"Xi'an is an important station for the expansion of China's foreign trade trust field. We have set up a wealth center in the city, in an effort to explore the wealth management market there and help build the Belt and Road international financial center of the city," said Elzat, general manager of China Foreign Economy and Trade Trust Co., Ltd. (FOTIC).
Established in 1987, FOTIC is a core finance unit of Sinochem. It is learned that by setting up a wealth center in Xi'an, the company is to carry out all-round wealth management services including asset allocation, and wealth protection and inheritance, which is expected to inject new vitality into Xi'an economic development and wealth management ecosystem construction.
As the starting point of the ancient Silk Road, Xi'an has continuously promoted the combination of science and technology and finance, financial service innovation, financial environment construction and financial industry development.
A number of enterprises involved in modern finance, intelligent manufacturing, and headquarters economy have successively settled in Xi'an. Seven major financial clusters including science and technology, culture, military-civilian integration, energy, logistics, green finance, and offshore finance will take shape in the city.
Experts believe that some achievements have been made in the development of Xi'an financial industry. It is necessary to further establish a clear-cut, well-functioning, well-structured and mutually supportive financial industry structure to lay a more solid foundation for the Silk Road international financial center. (Edited by Sun Huanjie, sunhj@xinhua.org)
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