On the morning of November 12, the Information Office of the Zhejiang Provincial Government held a press conference in Ningbo to introduce the construction of a commodity resource allocation hub in the China Pilot Free Trade Zone. Focusing on the development of the entire industrial chain of oil and gas, iron ore, grain, etc., 48 major projects have been promoted on a rolling basis over the past two years, with a total investment of 10.43 billion yuan by the end of September. In the first three quarters of this year, the province's cross-border income and expenditure on offshore transfers reached US$23.6 billion, an increase of 11% over the previous year. Financial institutions have been guided to step up their support for the construction of hubs. Over the past two years, more than 130 billion yuan has been added to support the commodity sector in terms of credit, insurance, etc.

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