Published on: 2026-05-25
Source: People’s Republic of China in Russian –
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Beijing, May 25 /Xinhua/ — A demonstration center for financial services (DFS) has been established in the Erden-Khotso part of the pilot free trade zone in the autonomous region of Inner Mongolia /Northern China/, according to a report published on Monday on the official website of the Erden-Khotso city government.
The Erden-Khotoskaya part of the above-mentioned zone was created in April 2026 and has a planned area of 18.35 sq. km. In this part, priority will be given to the development of sectors such as international trade, international logistics, cross-border tourism, and international medical services. It is planned to turn this area into a key node in the China-Mongolia-Russia economic corridor and an example of friendly cooperation with neighboring countries.
The opening of the DFCS in the city of Eren-Hoto will make it possible to improve the financial services system in the pilot free trade zone, strengthen the possibilities of financial support, as well as create conditions for the openness of the Eren-Hoto border area in the northern direction and its high-quality development.
Against the backdrop of continuous development of cross-border trade and economic operations in the Eren-Khotosk part of the free trade zone, the problem of the lack of financial institutions in this area is becoming increasingly apparent, which negatively affects the development of cross-border trade and cross-border investments. The DCFS is called upon to fill the gap in the field of regional financial services and meet the needs of foreign trade enterprises.
It is reported that CDFS will consolidate high-quality financial resources, create a unified service platform for interaction between the government, banks, and enterprises, improve the process of providing financial services, and launch such service products as cross-border finance, financing of cross-border trade, and cross-border payments.This center will help enterprises solve financing problems and cope with difficulties arising from the complex process of access to financial services, as well as comprehensively improve the quality and efficiency of financial services and contribute to the sustainable development of the real sector of the economy.
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