Top ten events astound Shanghai's financial sector in 2017
( chinadaily.com.cn )
China's metropolis Shanghai accelerated its pace of development as an international financial center in 2017. Various efforts were made including continuing to pursue financial innovation, strengthening financial services to the country's Belt and Road Initiative strategy, and enhancing financial risk control and prevention.
According to the 22nd edition of the Global Financial Centres Index released by Z/Yen Group on Sept 11, 2017, Shanghai's ranking rose to sixth in the world, indicating global investors' confidence in Shanghai's international financial center construction.
The China Financial Information Center and the Shanghai branch of the China Economic Information Service reviewed the city's efforts in the financial sector in 2017 and released the following top 10 events on Jan 3.
1. A guideline for Shanghai's financial work released
The Shanghai municipal government announced a guideline for the city's financial work on December 2017 in hope of accelerating the construction of the Shanghai International Financial Center. [Photo/WeChat account: lujiazuijrc]
The Shanghai municipal government announced a guideline for the city's financial work on December 2017 in hope of accelerating the construction of the Shanghai International Financial Center. The three major tasks of serving the real economy, controlling and preventing financial risks, and deepening financial reform were set. Meanwhile, the city has launched several special actions to regulate internet finance and various trading platforms, and to crack down on illegal fundraising.