Thirty-four Shenzhen enterprises from various sectors have been showcasing their new technologies and services at the 2022 China International Fair for Trade in Services (CIFTIS) that opened in Beijing on Wednesday.
This year’s trade fair, which lasts through today, covers an exhibition area of about 152,000 square meters. It has gathered representatives from 71 countries and international organizations, as well as 1,407 offline company exhibitors, according to Global Times.
Themed “Innovation promotes development, cooperation ushers in future,” Shenzhen’s trade delegation is putting their cutting-edge achievements in the service trade sector on display, looking for more cooperation opportunities at home and abroad.
Taiping General Insurance Co. Ltd., SF Express, Tencent, YYKJ Tech Services, Shenzhen Farben Information Technology, Shenzhen State-owned Duty Free Commodity and Kuayue-Express, among other industry-leading companies, attended the fair.
Shenzhen Duty Free Commodity debuted at the CIFTIS, featuring its “i免税” e-commerce platform and “深圳免税•全球购” store.
Likewise, YYKJ Tech Services Group, which is taking an active role in building China’s national payment system, debuted at the CIFTIS.
The company’s exhibition highlights its cross-border interbank payment platform and cross-border commodity clearing platform. Both platforms settle international trade in RMB.
Meanwhile, many technologically advanced “little giant” enterprises in Shenzhen, including DIB Enterprise Risk Management Technology Co. and Shenzhen Dimeno Statistics & Consulting Co., were invited to join the trade delegation.
Shenzhen has been making steady progress with service trade innovation and development pilot projects. The city has completed 99 out of 102 measures under the project, with the remaining three still in progress.
In addition, its two cases – the extension of mutual qualification recognition for Hong Kong and Macao professionals in the service sector and the establishment of a pinnacle of cross-border medical and health services, have been listed by the State Council, China’s Cabinet, among the best practices for service trade innovation pilot this year.