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Co-building Global Trade Finance Infrastructure
HONG KONG, Nov. 4, 2025 /PRNewswire/ -- XTransfer, World's Leading B2B Cross-Border Trade Payment Platform and Shanghai Pudong Development Bank Co Ltd., Hong Kong Branch, jointly announced a collaboration on cross-border financial services and reached a strategic cooperation intention. The two parties aim to develop a strategic partnership focused on core capabilities, including payment and collection solutions and transaction processing. This collaboration will provide SMEs engaged in foreign trade with more secure, efficient, and convenient services for global payments and collections, and cash management.
Following the strategic partnership signed between XTransfer and SPD Bank Shanghai Branch in August this year, XTransfer is once again joining hands with SPD Bank. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, witnessed the official signing of a memorandum of cooperation at the XTransfer booth.
XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch are engaging in deep cooperation across multiple cross-border payment areas. Leveraging SPD Bank's robust network and service capabilities through its Hong Kong branch, services such as "Global Accounts", "Local Currency Accounts", transaction processing, and cash management will be provided to XTransfer's more than 700,000 clients. This ensures that XTransfer customers can efficiently and compliantly receive payments from global buyers through SPD Bank's ecosystem. The two parties will initially focus on cooperation in the Chinese Mainland and the Hong Kong SAR, and as collaboration deepens, plan to expand to more regions.
Bill Deng, Founder and CEO of XTransfer, said: "We are delighted to collaborate with Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch. By combining SPD Bank's expertise and resource advantages in cross-border finance with XTransfer's global network and technological capabilities, we can further strengthen end-to-end transaction processing and compliance governance, providing SMEs with integrated cross-border financial infrastructure to support compliant operations and global expansion."
Mr. Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, said: "SPD Bank will continue to collaborate closely with XTransfer, aiming to enhancing our cross-border financial service system, providing more convenient and reliable financial support for Chinese enterprises expanding globally."
Looking ahead, the two parties will continue to deepen cooperation in areas such as local accounts, multi-currency settlement, compliance and risk control system development, and interconnection of global payment and collection networks, promoting innovation and enhancing China's foreign trade finance ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations.
Co-building Global Trade Finance Infrastructure
HONG KONG, Nov. 4, 2025 /PRNewswire/ -- XTransfer, World's Leading B2B Cross-Border Trade Payment Platform and Shanghai Pudong Development Bank Co Ltd., Hong Kong Branch, jointly announced a collaboration on cross-border financial services and reached a strategic cooperation intention. The two parties aim to develop a strategic partnership focused on core capabilities, including payment and collection solutions and transaction processing. This collaboration will provide SMEs engaged in foreign trade with more secure, efficient, and convenient services for global payments and collections, and cash management.
Following the strategic partnership signed between XTransfer and SPD Bank Shanghai Branch in August this year, XTransfer is once again joining hands with SPD Bank. Coinciding with Hong Kong FinTech Week 2025, Bill Deng, Founder and CEO of XTransfer, and Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, witnessed the official signing of a memorandum of cooperation at the XTransfer booth.
XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch are engaging in deep cooperation across multiple cross-border payment areas. Leveraging SPD Bank's robust network and service capabilities through its Hong Kong branch, services such as "Global Accounts", "Local Currency Accounts", transaction processing, and cash management will be provided to XTransfer's more than 700,000 clients. This ensures that XTransfer customers can efficiently and compliantly receive payments from global buyers through SPD Bank's ecosystem. The two parties will initially focus on cooperation in the Chinese Mainland and the Hong Kong SAR, and as collaboration deepens, plan to expand to more regions.
Bill Deng, Founder and CEO of XTransfer, said: "We are delighted to collaborate with Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch. By combining SPD Bank's expertise and resource advantages in cross-border finance with XTransfer's global network and technological capabilities, we can further strengthen end-to-end transaction processing and compliance governance, providing SMEs with integrated cross-border financial infrastructure to support compliant operations and global expansion."
Mr. Zhu Jun, Deputy Chief Executive Officer of Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, said: "SPD Bank will continue to collaborate closely with XTransfer, aiming to enhancing our cross-border financial service system, providing more convenient and reliable financial support for Chinese enterprises expanding globally."
Looking ahead, the two parties will continue to deepen cooperation in areas such as local accounts, multi-currency settlement, compliance and risk control system development, and interconnection of global payment and collection networks, promoting innovation and enhancing China's foreign trade finance ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
XTransfer and Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch Sign the Strategic Agreement at Hong Kong FinTech Week
SHANGHAI, Jan. 15, 2026 /PRNewswire/ -- HOTELEX Shanghai 2026 will take place from 30th March to 2nd April 2026, offering global hospitality and foodservice suppliers a direct gateway to China and the wider Asian market. Building on the record-breaking success of the 2025 edition, the exhibition will return with expanded scale, stronger international buyer engagement, and enhanced commercial value. With over 3,500 exhibitors, 12,000 overseas buyers, and a fully integrated industry ecosystem, HOTELEX Shanghai 2026 provides a high-impact platform for sourcing, partnerships, and long-term market expansion.
HOTELEX Shanghai 2025 welcomed a record 284,581 professional visitors, including a 34.2% increase in international buyers. Exhibitors reported a 37% rise in qualified leads and a 23% increase in on-site transactions, demonstrating the exhibition's effectiveness as a high-performance sourcing and business platform. Building on this success, the 34ᵗʰ edition in 2026 will offer expanded exhibition space, deeper international participation, and increased opportunities for global decision-makers, distributors, and strategic partners.
Covering 400,000 square meters, the exhibition will host more than 3,500 leading domestic and international suppliers across key sectors including Kitchen Equipment, Coffee & Tea, Catering Ingredients, Beverages, and Baking Supplies. This fully integrated ecosystem supports end-to-end sourcing, innovation, and cross-border collaboration.
HOTELEX's competitive advantage lies in its comprehensive industry coverage. By integrating resources across hospitality, catering, cultural tourism, retail, logistics, and health sectors, the exhibition drives value-chain synergies and reflects the evolving structure of the modern hospitality economy. Its distinctive "tourism–catering–hotel joint exhibition" model offers a holistic showcase spanning food, accommodation, travel, shopping, and leisure.
Leveraging a shared pool of over 100,000 professional buyers from HOTELEX and FHC, exhibitors gain extended brand exposure through official digital platforms and global social media channels including LinkedIn, YouTube, Facebook, and TikTok, as well as partnerships with authoritative industry media. Booths are limited – reserve yours early to secure prime exhibition space and maximize business opportunities. Positioned as a strategic gateway, HOTELEX Shanghai 2026 empowers global companies to grow their presence in China and accelerate expansion across Asia's hospitality and foodservice markets.
Pre-registration: https://www.hotelex.cn/en/shanghai
Contact Us：
Booth Inquiry:
Jason Jin
Tel: +86 21 3339 2197
Junyan.Jin@imsinoexpo.com
Media & Visitor Consulting:
Lizzy Chen
Tel: +86 21 3339 2566
Lizzy.chen@imsinoexpo.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Maximize Your Business Growth in Asia's Hospitality & Foodservice Market at HOTELEX 2026
