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Domestic financial Services Leader settles in Jiading

( chinadaily.com.cn ) 2014-09-15

Domestic financial Services Leader settles in Jiading

Shanghai Zq-Kunlun Internet Financial Service Co signs an agreement with Shanghai’s Jiading district.[Photo/jiading.gov.cn]

The Shanghai Zq-Kunlun Internet Financial Service Co signed an agreement with Shanghai’s Jiading district on Sept 13 to build an international financial industry park in the district’s industrial zone.

According to the agreement, the international financial industry park will cover an area of over 180 mu (12 hectares), with a total investment of 1.55 billion yuan ($ 253 million). It will contain service centers for mobile finance, across-the-board finance and supply chain finance.

The first stage of the project will start at the end of this year and is expected to be completed by 2016.

When the project goes into operation, the trading volume is expected to exceed 1 trillion yuan, with a pre-tax profit of 2.5 billion yuan, said the head of the company.

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