SPD Bank opens branch in Qingdao FTZ

SPD Bank's Qingdao Free Trade Zone Branch opens on March 27. [Photo/WeChat ID: qingdaozimao]

The Shanghai Pudong Development Bank (SPD Bank) opened its Qingdao Free Trade Zone Branch on March 27 in the Qingdao Area of the China (Shandong) Pilot Free Trade Zone (Qingdao FTZ).

SPD Bank's Qindao Branch has provided over 20 billion yuan ($2.91 billion) of funding for enterprises in Qingdao FTZ. The opening of the new branch is expected to further bolster the cooperation between SPD Bank and Qingdao FTZ and provide financial support for local enterprises.

The ribbon-cutting ceremony for the SPD Bank's Qingdao Free Trade Zone Branch is held on March 27. [Photo/WeChat ID: qingdaozimao]