The Shanghai Jinqiao Comprehensive Bonded Zone. [Photo/WeChat ID: jinqiaofabu]

The Shanghai Jinqiao Comprehensive Bonded Zone, one of the linked innovation zones under the China (Shanghai) Pilot Free Trade Zone, has excelled in financial openness and industrial cultivation.

In financial innovation, Jinqiao Zone introduced a pilot program for integrated domestic and foreign currency cash pools. This initiative helped USI, a key enterprise in the zone, streamline its financial operations by managing funds centrally.

This move efficiently addressed funding shortages for USI's overseas subsidiaries, improving the group's overall financial efficiency and reducing costs. This successful model is now inspiring other multinational companies in the zone to adopt similar financial strategies.

On the industrial front, Jinqiao Zone is developing a "Silk Road E-commerce" park, aligning with China's Belt and Road initiative.

To overcome space limitations, the zone is rapidly advancing the "Photosynthetic Green Valley" project, which will add 290,000 square meters of development space by 2026.

The zone is also actively attracting investments, hosting global business conferences, and setting up a centralized registration hub to draw top-tier companies. These efforts have already attracted several international companies, increasing new business registrations by over 20 percent since 2023.