Policy Documents for Developing Shanghai As International Financial Center

A working conference on accelerating the construction of Shanghai into an international financial hub is held on May 11, 2009

A working meeting on promoting the construction of Shanghai into an international financial hub is held on April 3, 2014.

A working meeting on promoting the construction of Shanghai into an international financial hub is held on August 23, 2012.

Officials report on the situation of building Shanghai into an international financial center in 2005.

Shanghai is aiming to become an international financial center by 2020.

1. Shanghai Regulations for Development of an International Financial Center

The State Council passed Opinions on Promoting the Development of Shanghai’s Modern Services Industries and Advanced Manufacturing Industries and Establishing an International Financial Center and Transport Hub (the Opinions) on April 14, 2009. On June 25, 2009, the second session of the 13th Shanghai People’s Congress passed the Shanghai Regulations for Development of an International Financial Center (the Regulations).

2. Supporting Regulations

The development of financial markets and an international financial center requires a large number of detailed operational-level regulations. The Shanghai Municipal Government, its various agencies, and district (county) level governments have drafted and enacted a series of supporting regulations and policy measures to meet this need.