The Shanghai Financial Association commemorates its 15th anniversary on May 7. [photo/Shanghai Financial Association]

The Shanghai Financial Association commemorated its 15th anniversary on May 7 with a special event titled "Shanghai Financial Industry Supporting the Development of a Strong International Financial Center" held at the China Financial Information Center.

Established on April 30, 2009, along the iconic Bund, the Shanghai Financial Association has played a pivotal role in the financial landscape over the past 15 years. The association has organized events such as the Shanghai Financial Services for the Real Economy Symposium and the Shanghai Financial Prosperity Index. It has also overseen the Shanghai Inclusive Financial Advisory System and actively participated in significant initiatives like the Lujiazui Forum's Science and Technology Innovation Finance Studio, contributing positively to Shanghai's economic development and financial reform and innovation.

In his address, Huang Hongyuan, the deputy general manager of the Bank of Communications and representative of the Chairman of the Shanghai Financial Association, emphasized the association's commitment to supporting the construction of Shanghai as an international financial center. He pledged to continue prioritizing the core mission of serving the real economy to enhance Shanghai's global financial influence.

In 2023, the value added by Shanghai's financial industry reached 864.6 billion yuan ($119.69 billion), with financial market transactions amounting to 337.3 trillion yuan, marking a 15 percent year-on-year growth.

Vice-mayor of Shanghai Xie Dong highlighted the remarkable achievements in the construction of Shanghai as an international financial center over the past 15 years.  Xie commended the Shanghai Financial Association as not only a witness but also an active participant in this progress. As a collective force uniting Shanghai's financial strength, the association shoulders a significant responsibility in driving the high-quality development of Shanghai's financial sector, said the vice-mayor.

During the event, certificates were presented to four new supplementary director units, bringing the total number of director units within the Shanghai Financial Association to 119, symbolizing the continued growth and influence of the union within Shanghai's financial ecosystem.

Sources: shobserver.com, cnstock.com