Chongqing- The Nanyang Commercial Bank (China) was unveiled on Thursday in Chongqing, where its branch, located in the Jiangbeizui Central Business District, will power Chongqing's digital, inclusive, and green finance.

Thanks to the complete financial function

The NCB(China) Chongqing branch is the sixth foreign bank to open in Jiangbeizui CBD.

Xie Mingquan, president of the Nanyang Commercial Bank (China) Chongqing branch, appreciates the complete financial function of Jiangbeizui CBD, which helps them to manage its operating costs and promote the bank's growth.

Jiangbei District has released ten financial measures this July. Under the ten measures, Jiangbei District provides financial support policies for newly established or relocated financial institutions, critical financial technology companies, and key professional service institutions. In particular, it promotes the industrialization of technologies such as artificial intelligence, big data, and Internet technology. Meanwhile, Jiangbei awards certain rewards to successful listed enterprises.

Currently, the Jiangbei District has a multi-faceted structure of industrial clusters consisting primarily of the financial sector, supported by commerce, professional services, and information services.

Contributing to national strategies

By taking root in Chongqing, NCB (China) seeks to boost the Chengdu-Chongqing economic circle, build regional competitive advantages, and accelerate its diversified financial services.

The bank will contribute to cutting-edge areas such as digital, inclusive, green finance in Chongqing, promote the construction of the western financial center, and help Chongqing's banking industry to upgrade to a new level.

Meanwhile, the Belt and Road Initiative is to help further promote financial reform and opening up, build the Chengdu-Chongqing region into a western financial center orientated towards Southeast Asia, create an influential growth pole, and generate significant impetus for high-quality development.

In the tide of Chongqing's industry transformation, NCB (China) will promote the mutual benefit of the economy and finance. With its leading cross-border business, it has planned to use Chongqing as a hub for expanding business in Central and Western China and to promote high-quality development of Chongqing and the Yangtze River Economic Belt.

Nanyang Commercial Bank (NCB) was founded in Hong Kong on December 14, 1949. The bank is based in Hong Kong but has taken on the mission of serving clients worldwide. Today, NCB has become a bank of Hong Kong with considerate size and strength, with 42 outlets in Hong Kong and 37 outlets on the Chinese mainland.

NCB (China) is the first foreign bank in China after the foundation of the People's Republic of China, providing cross-border financial services to customers between Hong Kong and the Chinese mainland since its first mainland branch in Shenzhen in 1982. NCB established a locally-incorporated bank on the Chinese mainland in 2007. Nanyang Commercial Bank (China) Limited is a wholly-owned subsidiary with its headquarters in Shanghai.