INTERNATIONAL FINANCIAL CENTER
Overview
Shanghai, the cradle of China's modern finance industry, has been striving to become an international financial center. In 2025, the total turnover of Shanghai's financial markets reached 4,059 trillion yuan ($585.84 trillion).
Read MorePolicies and Regulations
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China raises overseas lending cap for foreign banks to support firms in going global
overseas lending
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China's central bank to support cross-border RMB interbank financing business
RMB interbank financing
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China's stock exchanges optimize refinancing rules to support innovation
refinancing
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Shanghai unveils plan to boost influence in non-ferrous metals market
metals market
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 boosts key industries with new fund investments
Shanghai's three leading industry funds of funds unveiled the third batch of selected sub-funds on Jan 26, aiming to further strengthen the city's integrated circuit, biomedicine, and artificial intelligence sectors.
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FX regulator launches green foreign debt pilot in Shanghai
The State Administration of Foreign Exchange Shanghai branch launched a green foreign debt pilot program to advance green finance and support cross-border funding.
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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.
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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Shanghai launches new foreign exchange payment channel for domestic freight
The system enables one-stop verification of invoice authenticity and uniqueness, effectively reducing risks associated with the duplicate use of e-invoices.
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Mastercard keen on money movement
Mastercard announced a new partnership between its global money movement business, Mastercard Move, and Bank of Shanghai.
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Shanghai boosts M&A funds to spur innovation
Shanghai is accelerating the establishment of a 50 billion yuan ($7.27 billion) market-oriented merger and acquisition (M&A) fund matrix to drive industry upgrades and innovation.