Yinyi Real Estate Co., Ltd. (000981.SZ) announced Sunday evening that it plans to sign a strategic cooperation framework agreement with the administration commission of Ningbo Free Trade Zone, Zhejiang province, to enhance and deepen comprehensive cooperation in the cross-border e-commerce and relevant financial services.
According to the agreement, Ningbo Free Trade Zone will take Yinyi Real Estate a key company of assistance and offer it with the most preferential industrial and tax policies; and Yinyi Real Estate will launch cross-border e-commerce, bonded warehousing and bonded financial supervision businesses in the free trade zone. Yinyi Real Estate set up a branch in the free trade zone to engage in the import services that integrate commerce, logistics and capital flow.
The A-share listed company said the strategic partnership with Ningbo Free Trade Zone will help it offer all-round quality, efficient services, enter the cross-border e-commerce and relevant financial services sectors, optimize its development strategy in investment and management, and realize industrial transformation and upgrade.
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