Related News
Hub blueprint discussions start
By Zhang Fengming |
February 24, 2009, Tuesday
|
Print Edition
Print Edition
SHANGHAI law makers yesterday began deliberations on their first comprehensive blueprint which will go toward cementing the city as a leading world financial hub.
The Standing Committee of the Shanghai Municipal People's Congress yesterday reviewed a draft outlining measures that include awards for financial talents, preferential land allotment for the financial industry and more convenient travel between China and abroad for expatriates.
Shanghai is creating "a better environment for talents, innovation, creditability and financial legislation" via the measures. But no timetable has been given for when the measures will be effective.
It's the first time that city law makers are drafting rules to boost Shanghai's ambitions to be a financial center. Pudong New Area, where many leading financial institutions have their offices, has district level rules. The State Council, China's Cabinet, is set to launch national rules to solidify Shanghai's leading position as a financial hub.
Expatriates working in the financial industry will also find it easier to enter and leave Shanghai as immigration procedures will be simplified. The draft also includes policies to attract and retain financial professionals by addressing quality-of-life concerns such as health care and education for their children.
Shanghai is already at the heart of China's financial industry. The city is home to about 70 percent of the overseas banks that operate in the country as well as major insurers and joint venture fund management companies.
The draft also calls for a database of senior financial managers at banks, insurers, brokers and futures firms.
The Standing Committee of the Shanghai Municipal People's Congress yesterday reviewed a draft outlining measures that include awards for financial talents, preferential land allotment for the financial industry and more convenient travel between China and abroad for expatriates.
Shanghai is creating "a better environment for talents, innovation, creditability and financial legislation" via the measures. But no timetable has been given for when the measures will be effective.
It's the first time that city law makers are drafting rules to boost Shanghai's ambitions to be a financial center. Pudong New Area, where many leading financial institutions have their offices, has district level rules. The State Council, China's Cabinet, is set to launch national rules to solidify Shanghai's leading position as a financial hub.
Expatriates working in the financial industry will also find it easier to enter and leave Shanghai as immigration procedures will be simplified. The draft also includes policies to attract and retain financial professionals by addressing quality-of-life concerns such as health care and education for their children.
Shanghai is already at the heart of China's financial industry. The city is home to about 70 percent of the overseas banks that operate in the country as well as major insurers and joint venture fund management companies.
The draft also calls for a database of senior financial managers at banks, insurers, brokers and futures firms.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
