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 ($498.47 trillion), an increase of 8.2 percent year-on-year.
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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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China launches one-stop platform to ease foreign access to bond market
A new one-stop account opening platform has been launched for overseas investors in China's Interbank Bond Market, with trial operations beginning on Sept 15.
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International operation center of e-CNY begins work
The international operation center of the digital yuan, or e-CNY, has officially begun operations, marking China's latest step in providing innovative solutions for cross-border payments.
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Shanghai's role key as supplier of institutional innovation
City's international reinsurance exchange, which became operational in December, is the latest success story.
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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Launch of CapitaLand REIT sign of further opening-up
China's first foreign-invested consumer real estate investment trust (REIT) made a solid debut on the Shanghai Stock Exchange recently.
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Global body of finance professionals announces special award program in China
The Million Dollar Round Table, a global association of financial service professionals, will launch a special award program in China in 2027.
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STAR shines for innovative companies
The inclusiveness of the mechanism of the STAR Market has provided a better financing environment for quality but unprofitable "hard technology" companies.