Shanghai: Continuously Enhance the Influence of "Shanghai Price"

Notice issued by the General Office of the People's Government of Shanghai Municipality on the issuance of "Several Opinions on Deepening the Construction of Shanghai as a Global Asset Management Center". The notice pointed out the continuous enhancement of the influence of the "Shanghai Price". It aims to promote the authorization of settlement prices for commodity futures by more overseas exchanges, support the "going out" of delivery services, continuously improve the radiation capacity of bulk commodity prices and gold benchmark prices, and expand the application scenarios of "Shanghai Gold". It also aims to optimize the formation mechanism of the Shanghai key yield curve for government bonds, promote the application of Shanghai Interbank Offered Rate, interbank bond repo rates among deposit-taking financial institutions, and improve the financial price index system. It encourages overseas investors to use domestic indices and valuations, with domestic renminbi bond indices as performance benchmarks and bond investment tracking targets.