The Regional Comprehensive Economic Partnership (RCEP) agreement was signed by the partnership's 15 participating countries on Nov 15, marking the establishment of the world's biggest free trade bloc.

Participating countries include the 10 member countries of the Association of Southeast Asian Nations, China, Japan, South Korea, Australia, and New Zealand.

According to the RCEP agreement, China and Japan have established direct free trade deals and reached bilateral tariff reduction arrangements for the first time ever.

A delegation of Bank of Tokyo-Mitsubishi UFJ (China) Ltd (MUFG Bank is Japan's largest bank and one of the largest banks in the world), visited the Lin-gang Special Area on Nov 16 – one day after the signing of the RCEP agreement. The two sides discussed how to strengthen industrial cooperation and promote financial service innovation between China and Japan.

MUFG Bank and Lin-gang Special Area will work to build a new normal for industrial and economic cooperation between China and Japan.

A delegation of MUFG Bank (China) Co Ltd visits the Lin-gang Special Area on Nov 16. [Photo/WeChat account: shlgguanweihui]