This website reports (by reporter Zhou Xuanqian): On the first day of implementation of the "Implementation Measures for Upgrading the Functions of Free Trade Accounts in the Shanghai Free Trade Zone (Trial)," China Merchants Bank Shanghai Branch successfully launched a pilot program for upgrading the functions of free trade accounts for an innovative "Internet+" enterprise, helping it expand its business in overseas markets such as Japan, South Korea, and North America through the new free trade policies.
On the eve of the new policy's release, China Merchants Bank's Shanghai branch actively participated in policy discussions and research, earning its qualification as one of the first pilot banks. The bank comprehensively assessed potential customer needs and identified target clients. This "Internet+" group, since its inception, has continuously channeled overseas financing into China through capital increases and other means to support and solidify its domestic business development. Currently, the group has built an ecosystem that continuously generates high-quality content domestically, while actively promoting its overseas business development. During the business implementation process, China Merchants Bank's head office and branches established a new policy promotion project team, fully leveraging its expertise in cross-border policies and financial technology. From due diligence and background checks on the enterprise side to system optimization and transformation to adapt to the new rules on the bank side, testing regulatory interface messages, and formulating internal implementation rules, the team efficiently coordinated resources from all parties to ensure the efficient implementation of the business.
