Shanghai: Supporting asset management institutions to launch cross-border asset management products that facilitate global investors' "one-click allocation" of domestic assets.

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 points out the need to coordinate the development of offshore and cross-border asset management business, support asset management institutions in launching cross-border asset management products that facilitate global investors' "one-click allocation" of domestic assets, and encourage multinational corporate groups to establish institutions in Shanghai with cross-border financial management functions to centrally manage and use global funds. It also explores pilot programs for cross-border transfer of syndicated loan shares, cross-border transfer of credit assets, cross-border wealth management, etc., as well as the exploration of building an offshore financial system framework and the introduction of offshore bank wealth management and other asset management services. Research is being conducted to promote the construction of the Shanghai International Financial Asset Trading Platform.