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Ling Yueming, director of Liangjiang New Area Administrative Committee, met a delegation led by Shao Ping, president of Ping’an Bank on November 14.

The two sides communicated deeply on strengthening their financial cooperation. Ling Yueming briefed visitors on the overall financial and economic performance, especially the development of the financial industry, in Liangjiang New Area. In the first three quarters of this year, the value added by the financial industry was 11.2 billion yuan ($ 1.83 billion), an annual increase of 25.7 percent, and is the fastest growing industry in the district. The financial sector accounted for 8.5 percent of GDP, and is the second pillar of the services industry.

Ling Yueming said that the two sides could cooperate in financial lease lending and other fields.

Shao Ping said that Liangjiang New Area has abundant resources and the industry concentration is high. In addition, it has great potential in its logistics development. He hoped to strengthen cooperation with Liangjiang with its industry development fund, logistics resources integration and in other areas. Zhao Jichen, vice president of Ping’an Bank, and He Yousheng, vice director of Liangjiang New Area Administrative Committee, attended the meeting.

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By Huang Pei

Edited by Brian Salter