Huang Qifan: Chongqing will become China Electronic Commerce International Settlement Center

November 6 afternoon news, Chongqing Mayor Huang Qifan in the financial year will be "capital market construction and Finance Center development" forum, said Chongqing will become China's E-commerce International Settlement Center. Huang Qifan said that after consultation with the Ministry of Commerce, Chongqing will carry out offshore trade settlement business.　　Chongqing has signed with PayPal, the world's largest electronic payment platform, and is expected to have a 10 billion-dollar settlement in Chongqing next year. Huang Qifan that institutional factors play an important role in the establishment of financial centers.　　Until last year, Chinese law had not allowed the mainland to settle offshore trade. The offshore trade settlement business in Chongqing will give Chongqing the opportunity to explore the market value of hundreds of billions of dollars in the renminbi offshore settlement business market.　　The tax revenue of this business has made a great contribution to Chongqing. Huang Qifan said that the financial center has a variety of classifications, Chongqing to make its own characteristics.　　Chongqing will strive to become the Yangtze River in the upper reaches of the financial center, bigger and stronger banks, securities, insurance, the mainstream business for Chongqing and the West service. Chongqing will be Singapore as a template, while also doing a small loan, leasing services, private equity and other financial services. Chongqing already has 6 state-approved exchanges. (Yang Zhuo from Beijing)