The Financial Opening-up and Innovation Award went to the financial institutions with remarkable contributions to trade facilitation, industrial innovation and talent services.
Last year, SIP launched the Phase 1 Intellectual Property Asset Supporting Plan, blazing a trail nationwide in securitizing IP rights to help biomedicine companies raise funds based on their patents.
Sumitomo Mitsui Banking Corporation’s branch in SIP has developed a comprehensive solution for foreign exchange settlement to help facilitate trade in the FTZ, while the branch of the Bank of China in SIP launched a cross-border RMB financing service this February to expand financing channels for enterprises.
