Lates News

"Shanghai is home to national financial market trading platforms such as stocks, bonds, foreign exchange, gold, futures, insurance, and financial infrastructure such as product registration, custody, and clearing. During the "Vibrant China Research Trip" Shanghai theme interview briefing held on September 8, Zhang Xuechun, Deputy Director of the Research Bureau of the People's Bank of China, introduced that the People's Bank of China has been supporting Shanghai in building an interbank market trading report repository this year, continuously improving the breadth and depth of the financial market and enhancing financial infrastructure. It was reported that the People's Bank of China had previously announced eight support policies to help Shanghai enhance its international financial center construction, covering areas such as financial infrastructure, cross-border investment and financing, and innovative structural monetary policies. Zhang Xuechun stated that Shanghai has piloted blockchain digital currencies, established and expanded carbon trading markets, and the International Monetary Fund (IMF) Shanghai Regional Center has been officially established. Shanghai is steadily advancing the construction of an international financial center from multiple dimensions, continuously enhancing its competitiveness and influence." (Science and Technology Daily)