Shanghai's Putuo reaches out to global business world
(chinadaily.com.cn), Updated: 2015-09-01
The Shanghai Putuo M&A Financial Agglomeration District will take part in the forthcoming 2015 China International Fair for Investment & Trade, which will be held from September 8 to 11 in Xiamen, Fujian province.
More than 500 companies and trade promotion agencies have scheduled to attend the fair. It will be a great opportunity for the district to reach out to the global business world.
A presentation has been scheduled for the late morning of Sept 8 for those interested in the financing solutions, services and business opportunities the district has to offer.
The Shanghai Putuo M&A Financial Agglomeration District was inaugurated on April 28, 2014.
On the same day, the Shanghai United Assets and Equity Exchange was launched and the Shanghai Putuo M&A Index was issued for the first time.
The Putuo exchange has been leading in M&A transaction volume among four such exchanges in China. The other three are located in Beijing, Tianjin and Chongqing.
Ninety percent of companies in the district are small or medium-sized, and most are privately owned. The district is also home to 180 high-tech companies and a number of high-tech parks. The Shanghai branch of China Mergers & Acquisition Association has settled in the district, and China Construction Bank, Bank of China and SPD Bank have all set up branches to manage M&A business there. Besides, a total of 140 equity investment and management practices are also located in the district.