INTERNATIONAL FINANCIAL CENTER
Overview
Building Shanghai into an international financial center is a key national strategy. In 2023, the total turnover of Shanghai's financial markets reached 3,373.63 trillion yuan, an increase of 15 percent year-on-year. The amount of direct financing reached 17.82 trillion yuan, accounting for about 90 percent of the country's total.
Read MorePolicies and Regulations
-
Shanghai unveils action plan to enhance financial sector competitiveness
Financial competitiveness
-
Provisions of Pudong New Area of Shanghai Municipality on Promoting the Green Finance Development
Green finance
-
Regulations of Shanghai Municipality on Regional Financial Supervision and Administration
Financial supervision, administration
-
Shanghai amends regulations to solidify its role as a global financial hub
Global financial hub
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Shanghai: Strengthening its role as a global financial hub
The legislature of Shanghai passed revised regulations on August 22 to further advance the city as an international financial center.