Pudong to develop into center of new financing institutions
Pudong sets out to be a center of new financing institutions. [Photo provided to chinadaily.com.cn]
Pudong has set out to be a center of new financing institutions, including businesses such as finance, science and technologies, entity investment and finance lease, according to a news report published on Pudong's website on March 7.
According to the data released on Pudong's website, renowned Internet companies, such as Sina and Netease have set up companies in Pudong.
Ice Kredit company is focused on developing AI technologies, such as deep learning, natural language processing and machine vision, and meanwhile provides its customers with real-time grading and solutions.[Photo provided to chinadaily.com.cn]
Ice Kredit company, which is a platform of big data has been growing rapidly in Pudong. The company is focused on developing AI technologies, such as deep learning, natural language processing and machine vision. It will provide its customers with real-time grading and solutions.
Pudong has also been positively attracting assets management companies. As of now, over 29 assets management companies have settled in Pudong. For example, in 2017, Goldman Sachs set its representative office in Pudong.
Pudong has attracted 6,942 new financial institutions by the end of 2017. [Photo provided to chinadaily.com.cn]
By the end of 2017, the number of new financing institution in Pudong had reached 6,942, and among them 5085 were equity investment companies and 1857 were finance lease companies.