BEIJING, Jan. 30 (Xinhua) -- A total of 228 foreign-funded banks and operation organs from 30 countries and regions in six continents settled down in east China's Shanghai, according to a recent press conference of the banking industry held in Beijing.
Up to now, there are 21 foreign-funded banks in Shanghai, accounting for more than half of the total number of foreign-funded banks in the country.
The total assets of the foreign banks in Shanghai reached 1.5 trillion yuan, nearly seven times higher than that at the end of 2001, said Zhou Wenjie, deputy director of the China Banking and Insurance Regulatory Commission (CBIRC), Shanghai Bureau.
According to Zhou, the Shanghai Bureau has encouraged the cooperation between foreign banks and local banks to give play to their complementary advantages.
In 2018, Chinese banks and foreign-funded banks in Shanghai started 102 new cooperative projects in overseas bond issuance, bond underwriting, syndicated loans and other aspects in an amount of nearly 400 billion yuan, four times that in 2017.
In addition, foreign banking institutions have also provided financial support for Belt and Road Initiative. So far, five foreign-funded banks, 15 foreign bank branches and eight representative offices from countries along the Belt and Road routes have been established in Shanghai to help the foreign-invested enterprises enter the Chinese mainland and the domestic enterprises to go global. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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