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Chen Shengqiang, CEO of JD Finance, said in an earlier interview that JD Finance provides enterprise services to financial institutions instead of conducting financial business.

Chen also called for more cooperation between financial supervision departments, public security departments, procuratorates, courts and local governments to strengthen cooperation in forestalling financial risks.

Chengdu, capital of Sichuan, is home to offices for 278 Fortune Global 500 companies, and also a key city in China's Belt and Road Initiative.

Chen Xuejun, CEO of G-Net, said: "As economic globalization has accelerated over the past decade, many African countries are no longer distant outposts as they once were. We are seeing the tangible development of Africa as a big opportunity. It's a must-have, not a nice-to-have."

Chen says the new funds will be used in three fronts — manpower, database purchase, as well as marketing and promotion.