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Digital Services Trade Platform (DSTP) And DBS Bank To Jointly Develop New Digital Finance For Foreign Trade

Hong Kong, 13 Nov 2020 – Supported by a series of measures taken by the government to resolutely follow the path of trade globalisation and to open its market to the world, the 3rd China International Import Expo held in 2020 in Shanghai attracted more than 400,000 exhibitors and buyers from home and abroad, despite the ongoing global pandemic.

At the Expo, DSTP of the Top Ideal Group announced a strategic cooperation partnership with DBS bank. Mr. Li Yan, President of DSTP and Mr. Chen Hanrui, President of Guangzhou Branch of DBS, attended the signing ceremony and signed a memorandum of cooperation.

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DBS Bank and DSTP will focus on cooperation in the field of digital trade, providing users with efficient and convenient services in digital cross-border services, as well as the joint development and application of products.

Established and continuously operating in Asia, DBS is deeply rooted in the fastest growing market in the world. Its business covers Northeast Asia, Southeast Asia and South Asia, providing customers with seamlessly connected financial services. DBS has a good credit rating and is one of the institutions with the highest long-term credit rating in Asia. It has a deep government background, strong Asian network and connections, and has outstanding product development capabilities with respect to capital market, cash and trade.

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As a key foreign trade innovation project in Guangdong Province, DSTP is a digital cross-border industry service platform characterized by “ecosystem online, intelligent decision-making and global performance”. The platform supports international brands to realize global operation and make trade more free with its nine functions: global operation decision-making, supply and demand smart contract, international trade compliance, global traceability, intellectual property protection, international logistics planning, global digital customs declaration, supply chain financial adaptation and international performance management.

As a key foreign trade innovation project in Guangdong Province, DSTP has built a digital service trade platform characterized by “an online ecosystem, intelligent decision-making and global compliance”, working with upstream and downstream foreign trade service providers to build digital service scenarios, and help international brands operate globally.

The cooperation between the two sides will make the most of their respective advantages, increase resource investment, build a medium and long-term strategic cooperative relationship, accelerate the innovation of digital financial service models, and promote the high-quality development of the digital economy.

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