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CDB will set up the functional headquarters in Shanghai

Date: 2014-11-07

On November 7, learns from the Shanghai government website, the Shanghai municipal people's government on November 6, with the national development bank signed a "strategic cooperation memorandum" in Shanghai.
According to the memo, the national development bank will actively expand funding in Shanghai trading, shipping finance, asset management, clearing and settlement, business such as product development and market research, and timely set up the functional headquarters in Shanghai, set up a branch office in free trade zone.
The Shanghai government will actively support the national development bank in Shanghai to expand comprehensive financial business, improve the financial arrangement.The two sides will give full play to their respective in such aspects as resources, information, policy and capital advantage, strengthen cooperation, continuously strengthen the functions of Shanghai's financial factor market, promoting Shanghai "four centers" and development of the modern international metropolis.