Global Logistic Properties Financial Holding Company (Chongqing), the Singapore-based provider of logistics facilities, joined hands with the Liangjiang New Area in Chongqing on Aug 16.

The company plans to forge a high-tech online financial platform, connecting logistics, information flow, and capital flow — three important parts of any e-commerce trade. It provides a wide range of financial services and products throughout the whole supply chain, including supply chain management, commercial factoring, industrial investment funds, and comprehensive information services.

The company also signed strategic cooperation agreements with Bank of China (Chongqing), China Merchants Bank (Guangzhou), and Shanghai Pudong Development Bank, to guarantee the capital support for business expansion.

The company was set up by Global Logistic Properties (GLP), the leading provider of modern logistics facilities, with a registered fund of $150 million. Its property portfolio of 52.2 million square meters is strategically spread across 118 cities, forming an efficient logistics network serving more than 4,000 customers.

Huang Qifan, the mayor of Chnogqing, said, “I hope GPL Financial Holding Company can be a big beneficiary of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity and be able to cluster other famous companies in the industry chain.”

China and Singapore have selected Chongqing as the site for the third government-to-government (G-to-G) project, which features the theme of "modern connectivity and modern services" and aims to become an important nodal point for the Belt and Road Initiative.

Source: China daily.com