The Lin-gang Special Area in East China's Shanghai held an online marketing drive on May 27 to get investors in neighboring Anhui province to invest and help develop new international trading companies in the area.

Nearly 500 attendees from advanced manufacturing and leading trade enterprises, financial service institutions and industry associations in Shanghai and Anhui province attended the event.

The event is in service of a program named hundreds of new international trading firms, mapped out by the Lin-gang Special Area Administration and Shanghai Lingang Economic Development (Group) Co Ltd.

The program aims to exploit Lin-gang solutions for enterprises to coordinate the development of onshore and offshore businesses and make better use of the two markets and two resources. This is expected to accelerate the cultivation of a batch of leading enterprises at home and abroad with large trading operations and a strong global resource allocation capacity.

Officials from the Lin-gang Special Area gave a briefing on its policies for promoting the development of offshore trading at the event.

Since the Lin-gang Special Area was established in August 2019, over 100 influential trading enterprises – including ITOCHU Corporation and Xiamen Xinde Co – have successively settled there. In 2021, the number of enterprises involved in offshore trading and the scale of transactions doubled compared with the previous year.