Seven Chinese banks including Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Bank of Suzhou, Huaxia Bank, Bank of Jiangsu and Bank of Ningbo together with three insurance companies including PICC Property and Casualty Company Limited, CPIC Property Insurance Company and CPIC Life Insurance Company unveiled the nameplates for their branches in the newly established China (Jiangsu) Pilot Free Trade Zone Suzhou Area in SIP on Sept 28.

 

 

Plus the Agricultural Bank of China and Bank of China that established their presence in the new free trade zone (FTZ) a little bit earlier, a total of 12 financial institutions have joined the zone so far.

 

At the event, the financial institutions received licenses for their operations in the zone. They will upgrade and innovate on their services in support of the FTZ’s goals for financial service reform and trade facilitation.