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Tracking to global hub
By Zhang Fengming |
December 22, 2010, Wednesday
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Print Edition
Print Edition
SHANGHAI is set to build up its asset-management capability as it rises into a global financial hub, a senior city official said yesterday.
Fang Xinghai, director of the Shanghai Financial Services Office, said the city has a clear strategy to achieve the aim to build itself into a global financial center by 2020.
"First, we should build Shanghai into a center of financial markets, and the city is quite successful in doing so," Fang told a financial forum yesterday in the city.
"The next step is to build the city into a hub of assets and wealth management," he said.
Shanghai is now home to China's major stock exchange, the main metals futures bourse, and the sole foreign exchange
Fang Xinghai, director of the Shanghai Financial Services Office, said the city has a clear strategy to achieve the aim to build itself into a global financial center by 2020.
"First, we should build Shanghai into a center of financial markets, and the city is quite successful in doing so," Fang told a financial forum yesterday in the city.
"The next step is to build the city into a hub of assets and wealth management," he said.
Shanghai is now home to China's major stock exchange, the main metals futures bourse, and the sole foreign exchange
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