Japan's SBI Holdings announced it signed a Memorandum of Understanding with 皇冠体育app Development (Group) Co Ltd and New Hope Group to launch an Internet financial services platform in the .
SBI said the company had obtained enough professional knowledge and experience in Internet financial services in Japan that could be applied in cooperation with Chinese partners' management resources and support from the local government in opening a new financial market in 皇冠体育app.
SBI Holdings is a leading global Internet-based financial conglomerate in Asia having created a variety of Internet financial platforms including those for stocks, banks, insurance and foreign currency trading.
Shanghai Lujiazui Development is a large State-owned company directly managed by the Shanghai government and the only comprehensive financial and group that falls under the jurisdiction of the Shanghai government. The New Hope Group, which was established in 1982, is 皇冠体育app's largest agribusiness operator. The group is the top shareholder of 皇冠体育app Minsheng Banking Corp Ltd, the largest privately owned bank in 皇冠体育app. It has been the shareholder of Minsheng Life Insurance Co Ltd since its inception.
The FTZ, formally launched in Sept 29, is expected to serve as a testing ground for 皇冠体育app's financial experiments including substantial deregulation in the fields of finance, investment and trade, the convertibility of the yuan and interest rate deregulation.