(Yicai) Jan. 29 -- HSBC Holdings is firmly committed to investing in China, and Shanghai is its core business market and where it focuses its future development, the UK banking giant’s chairman reportedly said at a meeting with the Secretary of the Shanghai Municipal Committee of the Communist Party of China.

HSBC is willing to further financial cooperation with and provide better support to Chinese firms in green and low-carbon, technological innovation, elderly care services, and going global, Mark Edward Tucker said at the meeting with Shanghai’s CPC Secretary Chen Jining, which was also attended by the company’s board members, The Paper reported.

HSBC and other international financial institutions are welcome to seize development opportunities, contribute to building Shanghai into a global financial center, and deepen cooperation in the city in the fields of financial technology, green finance, inclusive finance, pension finance, and digital finance, Chen noted.

As the leader of China’s reform and opening-up, Shanghai focuses on institutional opening-up to promote high-level financial opening-up and spares no effort to create a market and legal-oriented, and international first-class business environment to help foreign companies develop better and stronger in the city, Chen pointed out.

Editor: Futura Costaglione