The global partnership conference in Shanghai is exploring how to connect with DEPA to create a digital trade "port solution" for trade | cross-border | Shanghai
On June 30th, the Global Partnership Conference for Cross border Digital Trade was held in the Lingang New Area of the Shanghai Free Trade Zone. The academic community, investment community, service providers, platform providers, and more than 300 cross-border digital trade enterprises from across the country gathered to discuss the "Lingang Plan" for the cross-border digital trade industry. On site, 9 enterprises and institutions including Shanghai Lingang New Area Economic Development Co., Ltd., Singapore Exchange, Shanghai Data Exchange, and Shanghai Lingang New Area Cross border Data Technology Co., Ltd. jointly launched cooperation on "docking with the DEPA relationship agreement and promoting the open development of the digital economy". In the future, they will rely on the construction of the "Information Flying Fish" characteristic park and cloud data center infrastructure in the new area that meets international standards, actively help promote China's accession to the DEPA process, and explore topics such as service trade, digital identity, and cross-border secure and orderly flow of data.
The "Lingang New Area Digital Trade Industry Alliance Service Provider" has officially signed a contract, with 19 leading digital trade service units including Shanghai Lingang New Area Economic Development Co., Ltd., Bank of China, Agricultural Bank of China, Bank of Communications Co., Ltd., China Export Credit Insurance Company, China United Network Communications Co., Ltd. Shanghai Branch, HSBC Bank Co., Ltd., Dahua Bank, and Kaitai Bank Co., Ltd. participating. The alliance will be committed to further improving the e-commerce and electronic payment ecosystem, jointly exploring the orderly flow of cross-border data, promoting digital identity interconnection and cooperation, strengthening innovation and cooperation in digital technology, fully leveraging the unique advantages of the Lingang New Area Digital Trade International Hub Port in terms of openness and connectivity, and actively exploring "new area solutions" for digital trade.
Sun Canglong, Secretary of the Party Committee and Chairman of Shanghai Lingang New Area Economic Development Co., Ltd., introduced that Dishui Lake Financial Bay, as a "Shanghai Service Trade Demonstration Base", has gathered over 1000 cross-border financial services, new international trade, high-end shipping services, and various legal and consulting service institutions in the past three years, including 58 Fortune 500 companies with registered capital exceeding 130 billion yuan. In 2022, the growth rate of service trade exceeded 40%.
Zhongxin Kuanwei is a pioneer in cross-border digital trade rooted in Lingang. The company has established a functional platform for cross-border digital trade bases in Lingang, attracting ecological partners to focus on Lingang and landing in Lingang, and serving the development of the "cross-border e-commerce+industrial belt" cluster in the new area. "We rely on the policy advantage of pilot international network dedicated lines to open cross-border e-commerce live streaming rooms and jointly build cross-border live streaming bases with Nantong and other places, relying on the international data port data flow pilot in the Lingang New Area. We provide e-commerce training, overseas investment, digital broadcasting and other services to our partners, output the 'Lingang model' of digital trade, and build the digital trade industry chain and ecosystem in the Lingang New Area," said Liu Huabin, Chief Operating Officer of China New Kuanwei.
Sun Xiaohe, Director of the Golden Trade Department of the Lingang New Area Management Committee, stated that in the next step, the Lingang New Area will accelerate the construction of an information flying fish public service data center, further accelerate risk and stress testing in areas such as cutting-edge industries, cross-border finance, offshore trade, and high-end shipping, and strive to always be at the forefront of institutional openness in rules, regulations, management, and standards in the country.