INTERNATIONAL FINANCIAL CENTER
Overview
Shanghai, the cradle of China's modern finance industry, has been striving to become an international financial center. In 2024, the total turnover of Shanghai's financial markets reached 3,650 trillion yuan ($5002.51 trillion), an increase of 8.2 percent year-on-year.
Read MorePolicies and Regulations
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Shanghai optimizes cash-pooling service for multinational companies
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Shanghai unveils action plan to enhance financial sector competitiveness
Financial competitiveness
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Provisions of Pudong New Area of Shanghai Municipality on Promoting the Green Finance Development
Green finance
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Regulations of Shanghai Municipality on Regional Financial Supervision and Administration
Financial supervision, administration
Financial Reform and Innovation
As it continues to blaze new trails and break fresh ground, Shanghai has become the country's pioneer for financial reform and innovation.
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Shanghai accelerates development of international board for reinsurance trading
Shanghai's international board for reinsurance trading has witnessed a surge in the establishment of reinsurance operation centers. Since the first batch in August 2023, the number of approved reinsurance operation centers has risen to 19.
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Shanghai's financial industry sees tech transformation
Financial industry better-serving technology innovation and industrial transformation, as well as deepened reform of State-owned enterprises, are part of the highlights of Shanghai's economic development last year.
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RMB globalization grows with expanding CIPS business
The renminbi Cross-border Interbank Payment System, or CIPS, is widely said to play a critical role in supporting the internationalization of the Chinese currency, the renminbi, and the development of Shanghai's role as an international financial center.
Financial Opening-up
Optimized Business Environment for
Financial Sector
Shanghai cultivates an optimized business environment for the financial sector, providing strong support and opportunities for growth and collaboration.
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Pudong New Area launches Lujiazui Finance Salon
Shanghai's Pudong New Area recently established the Lujiazui Finance Salon, a high-end platform for exchanges and cooperation within the finance sector.
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China promotes high-level financial opening-up
The People's Bank of China, the country's central bank, conferred with foreign financial institutions on Nov 6, vowing to further optimize the business environment and promote high-level financial opening-up.
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Policy | Shanghai unveils 22 financial measures to support talent innovation and entrepreneurship
Shanghai released its Several Measures on Financial Support for Talent Innovation and Entrepreneurship on Sept 20.