Identifiers Body GLEIF Opens Office in Shanghai

The Global Legal Entity Identifier Foundation (GLEIF), a non-profit managing the LEI system, has established a representative office in China’s Shanghai Lin-gang Special Area.

The expansion supports demand for the Legal Entity Identifier (LEI) and the verifiable LEI (vLEI) across the region. China is a key part of the Global LEI System, following a 2020 People’s Bank of China roadmap that integrated the LEI into payment systems and digital certificates.

Alexandre Kech, chief executive of GLEIF said: “China is at the forefront in demonstrating the important role that trusted, digital organisational identity can play in breaking down the trust and transparency barriers that inhibit global trade flows.”