SHANGHAI, Nov. 26, 2019 /PRNewswire/ -- On November 8, Mr. René Pastor, President of Global Commercial at Tradewind, was invited to participate in the signing ceremony of key projects in the Lujiazui area during the China International Import Expo (CIIE). On behalf of the Tradewind Group, Mr. Pastor signed a cooperation agreement with the Lujiazui Administration of Shanghai Free Trade Zone. Along with Tradewind, there were 11 other companies that participated in the signing ceremony, including ProLogis, the world's largest industrial and logistics real estate operator; Elekta, a Swedish biotech company; and Deloitte.
Tradewind's cooperation with the Lujiazui administration will help provide trade finance for importers and exporters in the area, which is a hub for shipping. Tradewind's export factoring and full supply chain finance services, along with its regional presence in Shanghai and Hong Kong, can equip businesses with the cash advances, credit insurance, and local market expertise they need to sell internationally without a disruption in their cash flow or the fear of payment default by their customers.
As a world-class business district, Lujiazui has state-of-the-art infrastructures and hosts the largest financial district in China. It is home to the highest concentration of company headquarters and to the top international shopping district in the country. The area also benefits from a government-run service assistance, which can better assist organizations conduct business in the area and help them connect with international and domestic markets. Tradewind, with its entrepreneurial ethos and specialization in cross-border trade finance solutions, will further help businesses stay competitive globally.
Mr. Pastor shared his remarks on the occasion:
"We are honored to take part in the ceremony and sign the cooperation agreement with the Lujiazui administration, together with other leading enterprises. This is not only recognition of our company, but also demonstrates China's growing appeal for supply chain finance services. We want to thank the Lujiazui administration for their trust in Tradewind. I believe that the deepening cooperation between Tradewind and the Lujiazui authorities will bring more localized financial programs to Chinese importers and exporters. With the increased cash flow and reduced trade risks, Chinese import and export companies can, in return, achieve higher growth and maintain their competitiveness in the world."
Tradewind (formerly DS-Concept) provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices around the world including the USA, Mainland China, India, Hong Kong SAR, UAE, Turkey, Bangladesh, Brazil, Pakistan, Iceland, Bulgaria, Hungary, Peru and its headquarters in Germany. Combining financing, credit protection, and collections into a single trade finance facility, Tradewind offers streamlined, flexible and best-in-class services.
