This website reports (by reporter Zhou Xuanqian) that on December 5th, the Shanghai branch of the People's Bank of China officially implemented the "Implementation Measures (Trial) for Upgrading the Functions of Free Trade Accounts in the Shanghai Free Trade Zone." As one of the first commercial banks to launch the free trade account function upgrade business, Shanghai Pudong Development Bank's Shanghai branch launched the free trade account function upgrade business in the Shanghai area on the first day of the policy's implementation.
Jiangbolong Storage Technology primarily engages in technology development in the fields of storage technology, semiconductor technology, and integrated circuits. It is a wholly-owned subsidiary of the listed company Jiangbolong Group located in the Lingang New Area of the Shanghai Free Trade Zone. Jiangbolong Group needs to manage its domestic and international funds in a coordinated manner, and the advantages of the Free Trade Upgrade Account perfectly meet the company's needs. Shanghai Pudong Development Bank's Shanghai branch processed overseas loans for the company through the Free Trade Upgrade Account, allowing for fund receipts and payments based solely on payment instructions, significantly shortening the business processing time.
