Banks Urged to Reinvent Services to Support Chinese Firms Going Global
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Chinese banks should broaden their range of services to better support the global expansion of Chinese companies, which are grappling with mounting geopolitical tensions and trade protectionism, according to the head of China Zheshang Bank Co. Ltd.
Speaking on Thursday at the Caixin Summer Summit, Lyu Linhua, president and chief compliance officer of the Shanghai-listed lender, suggested that domestic financial institutions should reshape their cross-border service capabilities to help Chinese enterprises navigate overseas markets in areas including cross-border cash flow, risk control, manufacturing localization and supply chain coordination.
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- Lyu Linhua urges Chinese banks to expand cross-border services for firms facing geopolitical tensions and trade protectionism.
- China's 2025 foreign trade hit 45.5 trillion yuan (+3.8%), with exports up 6.1%, driven by a 27.1% surge in tech-intensive "new three" products.
- Banks should provide integrated services including investment, hedging, supply chain finance, and non-financial support like ESG compliance, leveraging the Greater Bay Area.
- China Zheshang Bank Co. Ltd.
- China Zheshang Bank Co. Ltd. is a Shanghai-listed lender. Its president, Lyu Linhua, advocates that Chinese banks broaden services to support companies' global expansion amid geopolitical tensions, emphasizing cross-border capabilities, integrated services, and non-financial support like ESG compliance.
- 2025：
- China's foreign trade in goods hit a new high of 45.5 trillion yuan ($6.5 trillion), up 3.8% year-on-year, with exports rising 6.1% to 27 trillion yuan.
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