Shanghai's Putuo district hosts cross-border financial services forum

The 2025 Cross-border Financial Services Forum was held at the Shanghai Convention and Exhibition Center of International Sourcing in the city's Putuo district on Tuesday.

Aimed at helping enterprises go global, the event brought together more than 300 representatives, including government officials, domestic and overseas financial institutions, renowned business leaders, top consulting firms and academic research organizations.

They explored innovative breakthroughs in cross-border financial services powered by fintech as well as strategic opportunities for Chinese enterprises in global expansion.

As one of Putuo district's four key industries, the fintech sector accounted for 10.72 percent of the area's tax revenue in the first half of 2025, with a growth rate of 41.88 percent.

Zhou Ruyi, deputy governor of Putuo, highlighted the district's proactive exploration of the cross-border finance sector, which has included attracting institutional clusters, creating a matrix of sci-tech innovation funds to deepen Yangtze River Delta cooperation and building collaborative platforms to empower economic entities.

The 6th Yangtze River Delta Fintech Innovation and Application Global Competition, one of the most influential fintech competitions in China, was also launched at the forum.

Its five previous editions attracted almost 700 financial institutions and tech companies to 11 high-level national fintech forums, with more than 2,000 project submissions received.

Putuo district has plans to enhance the digitalization of financial services, maintain robust risk management and foster an innovative ecosystem. Officials say they aim to provide entrepreneurs with high-quality services and a favorable business environment to advance the development of cross-border financial services.

Li Junfeng contributed to this story.