On August 7, to better support businesses in expanding overseas and help them navigate changes in the global investment landscape, the Shanghai Municipal Commission of Commerce launched a series of events under the “Report Season” initiative by the Professional Services Alliance for Global Expansion. The inaugural event was jointly organized by the Alliance Secretariat, the International Cooperation Committee of the Shanghai Federation of Industry and Commerce, and the Hongqiao Overseas Development Service Center.

Under the theme “Financial Safeguards for Steady Growth,” the event featured the release and presentation of two reports: “Bank of China’s Innovative Cases in Enhancing Cross-Border Financial Convenience for Shanghai’s International Financial Center” and “SPD Bank’s Industry Analysis Report on Singapore.” Over 60 representatives from companies and institutions in Shanghai and the Yangtze River Delta region attended.

Financial experts from Bank of China Shanghai Branch and SPD Bank Headquarters shared insights on forex risk mitigation strategies amid tariff policy shifts and analyzed trends in U.S.-China trade negotiations. They also discussed recent global financial market developments, covering topics such as central bank policy shifts worldwide, corporate exchange rate risk management, and the global impact of U.S. stablecoin expansion.

Scene from the first “Report Season” event by the Shanghai Enterprise Global Services Alliance.

During the event, participating companies engaged in direct consultations with financial institutions. Attendees praised the relevance of the topics, noting that the case studies and policy analyses provided practical guidance for international business operations.

The “Report Season” series aims to enhance information exchange and collaboration between institutions and enterprises, offering multi-faceted professional support for successful global expansion. The Alliance Secretariat plans to continue partnering with stakeholders to deliver high-quality events addressing key challenges and opportunities in overseas investment.

Shanghai Enterprise Global Services Alliance

The Shanghai Enterprise Global Services Alliance (SEGSA) is a collaborative platform established to support Shanghai-based enterprises in expanding their global services and enhancing international competitiveness. Founded as part of Shanghai’s push to become a global hub for trade and finance, it fosters partnerships, resource sharing, and innovation among member companies. The alliance reflects Shanghai’s strategic role in China’s economic development and its integration into global markets.

Shanghai Municipal Commission of Commerce

The Shanghai Municipal Commission of Commerce is a government agency responsible for regulating and promoting commercial and trade activities in Shanghai. Established to support the city’s economic growth, it plays a key role in implementing policies, attracting investment, and fostering international trade. Its history reflects Shanghai’s development as a global financial and business hub, particularly since China’s economic reforms.

International Cooperation Committee of the Shanghai Federation of Industry and Commerce

The International Cooperation Committee of the Shanghai Federation of Industry and Commerce (SFIC) is a key organization promoting economic and trade collaboration between Shanghai’s businesses and international partners. Established under the SFIC, it facilitates cross-border investments, trade exchanges, and policy advocacy, supporting Shanghai’s role as a global commercial hub. Its history reflects China’s reform and opening-up efforts, fostering international business ties since the late 20th century.

Hongqiao Overseas Development Service Center

The Hongqiao Overseas Development Service Center, located in Shanghai, China, is a government-supported facility designed to assist businesses and individuals with overseas development and international cooperation. Established to promote global economic engagement, it provides services such as investment consulting, legal support, and cultural exchange programs. The center reflects China’s broader strategy to enhance international trade and collaboration, particularly under initiatives like the Belt and Road Initiative.

Bank of China

The Bank of China (BOC), founded in 1912, is one of China’s oldest and largest state-owned commercial banks. It played a key role in modern China’s financial development, including managing foreign exchange and supporting economic reforms. Its iconic Hong Kong headquarters, designed by architect I. M. Pei, symbolizes the bank’s global influence and modernization.

SPD Bank

SPD Bank (Sichuan Provincial Development Bank) was a regional Chinese bank established in 1985 to support economic development in Sichuan Province. It later merged with Shenzhen Development Bank in 2008, which was subsequently acquired by Ping An Bank in 2012. Today, its legacy continues as part of Ping An Bank, one of China’s major commercial banks.

Yangtze River Delta region

The Yangtze River Delta (YRD) region, located in eastern China, is one of the country’s most economically dynamic and culturally significant areas, encompassing cities like Shanghai, Nanjing, and Hangzhou. Historically, it has been a hub of trade, agriculture, and innovation since ancient times, with its fertile lands and waterways fostering prosperous civilizations. Today, it is a global economic powerhouse, known for its advanced industries, vibrant culture, and rapid urbanization.

U.S.-China trade negotiations

The U.S.-China trade negotiations refer to ongoing discussions between the two largest economies to address trade imbalances, tariffs, and market access issues. These talks gained prominence during the Trump administration’s trade war (2018–2020), which saw escalating tariffs on billions of dollars worth of goods. While agreements like the “Phase One” deal (2020) provided temporary relief, long-term disputes over technology, intellectual property, and economic policies remain unresolved.