Shanghai will accelerate the development of shipping services and encourage global shipping companies and institutions to bring more new businesses, projects and operations to the city.

On September 2, Shanghai Party Secretary Chen Jining met Chen Huaiyu, Chairman of the Export-Import Bank of China, Wang Chunying, President of the bank, and representatives of international companies and institutions attending the 4th International Ship Finance Forum in Shanghai.

Chen highlighted Shanghai’s efforts to strengthen its role as an international shipping center, particularly by seizing opportunities arising from the industry’s green and intelligent transformation and enhancing the city’s ability to allocate global shipping resources.

He welcomed shipping companies and institutions to expand their presence in Shanghai and said the city would continue improving its market-oriented, law-based and international business environment while accelerating the development of high-end shipping services.

Participating business representatives said Shanghai remains an important location for their global shipping operations and expressed willingness to increase investment and deepen cooperation in areas including shipbuilding, shipping finance, technology, supply chain management and high-end maritime services.