Societe Generale China Opens Shanghai Free Trade Zone Sub-branch
Societe Generale (China) Limited today announced the opening of Shanghai Pilot Free Trade Zone Sub-branch (''Societe Generale China Shanghai FTZ Sub-branch''), focusing on servicing both Chinese and overseas corporates and financial institutions with cross-border financial needs through the pilot zone.
The outlet is located at No. 26, Jiafeng Rd, Pudong New Area, and will be a sub-branch under Societe Generale China Shanghai Branch. According to the plans and regulations of the China (Shanghai) Pilot Free Trade Zone (''Shanghai FTZ''), the new sub-branch will offer a wide range of banking services, such as RMB and Foreign Currency Cash Management, Trade Finance, M&A, Foreign Exchange, Interest Rate and Commodities Hedging and Financial Derivatives.
The new sub-branch marks an important step of Societe Generale China, which follows and supports China's financial reforms through the Shanghai FTZ while demonstrating its long-term commitment to China. With the establishment of the new FTZ platform, Societe Generale China will leverage on Societe Generale Group's global networks and expertise in cross-border transactions, with particular focuses on delivering the Group's unique strengths in commodities trading and financing, cross-border cash management and trade finance capabilities.
Societe Generale China will continue its efforts in advancing product and service innovations to serve local and multi-national corporation's new account and cross-border trade and investment requirements and to support the development of China's economy.
Press Contact:
Societe Generale China
Annette Chiu
Head of Communications, China
+86 (10) 5851 3241
Annette.chiu@socgen.com.cn
Joe Zou
+86 (10) 5851 3053
Joe.zou@socgen.com.cn
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