Societe Generale (China) has opened the Shanghai Pilot Free Trade Zone Sub-branch focusing on servicing both Chinese and overseas corporates and financial institutions with cross-border financial needs through the pilot zone.

 

The outlet is located at No. 26, Jiafeng Rd, Pudong New Area, and will be a sub-branch under Societe Generale China Shanghai branch. According to the plans and regulations of the China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ), the new sub-branch will offer a wide range of banking services, such as renminbi and foreign currency cash management, trade finance, M&A, foreign exchange, interest rate and commodities hedging and financial derivatives.

 

With the establishment of the new FTZ platform, Societe Generale China will leverage on Societe Generale Group’s global networks and expertise in cross-border transactions, with particular focuses on delivering its strengths in commodities trading and financing, cross-border cash management and trade finance capabilities.

 

Societe Generale China will continue its efforts in advancing product and service innovations to serve local and multinational corporations’ new account and cross-border trade and investment requirements and to support the development of China’s economy.