Li Jun: strive to build Shanghai into a global asset management center by 2025

category:Finance
 Li Jun: strive to build Shanghai into a global asset management center by 2025


Chinas hitherto unknown outbreak of novel coronavirus pneumonia has brought unprecedented impact on Chinas economic and social development, he said. According to the deployment of the CPC Central Committee, the municipal Party committee and the municipal government, the financial industry of Shanghai, including the asset management institutions, fully supports the work of anti epidemic and epidemic prevention, six guarantees and six stabilities. At present, the epidemic situation has been quickly controlled in Shanghai, and the resumption of work, production and market has been carried out in an orderly manner.

At present, under the careful guidance of the national financial management department, especially with the hard work of the financial circles, after years of development, Shanghai has already possessed the core functions of a complete international financial center, leaping to the fourth place in the world in the latest ranking of global financial centers, laying a solid foundation for building an influential asset management center city in the world. Li Jun pointed out. In the first half of this year, the trading volume of Shanghais financial market exceeded 1000 trillion yuan, a year-on-year increase of 13.4%. The comprehensive financial factor market has also laid a good platform for the construction of asset management center. For example, Shanghai has more than 1600 licensed financial institutions, one third of which are foreign-funded financial institutions. The top ten international asset management institutions in the world are all operating in Shanghai. Shanghais insurance asset management and public funds account for one-third of the countrys assets management scale. Shanghai has also introduced the business environment version 3.0 program, taking the lead in setting up the Shanghai financial court, issuing the first local comprehensive regulations, Shanghai social credit regulations, the first national financial public interest institution, and the China securities small and medium-sized investor financial center was also established in Shanghai, with more than 47 financial employees Ten thousand people. All these provide good external conditions for the development of asset management industry in Shanghai.

In Li Juns view, the current global economic and financial situation is complex and changeable, but it seeks progress in the process of change and organic in crisis. Shanghais global asset management center construction industry is facing new development opportunities. On the one hand, wealth is gathering in the Asia Pacific region. China is the second largest economy in the world, with per capita GDP of more than 10000 US dollars. Residents have a strong demand for maintaining and increasing wealth. Remarkable results have been achieved in the prevention and control of domestic epidemic situation, and the enthusiasm of foreign investment in China has not decreased, which is conducive to the construction and introduction of a number of influential and distinctive institutions in Shanghai. The rich people in the Yangtze River Delta have strong financial needs. In addition, the implementation of the new securities law and the extension of the transition period of the new asset management regulations are conducive to stabilizing market expectations, boosting the asset management industry to become better and stronger, and building a complete industrial chain. Shanghai is making every effort to develop financial science and technology. The accelerated application of advanced technology will also promote the rapid and healthy development of asset management industry.

At the just concluded Lujiazui forum , leaders of relevant departments of the state pointed out that it is necessary to accelerate the development of capital market and improve the system of encouraging medium and long-term funds to carry out value investment. The main leaders of the state financial management department have also said that they should support Shanghai to build an international first-class investment bank and wealth management institution, become a gathering place of asset management institutions, promote a higher level of opening up, and facilitate overseas investors to allocate domestic assets. By increasing institutional investors, increasing the issuance of equity products, and promoting the deep cooperation between banks and fund companies, banks and insurance companies, the capital market can play a broader and more active role. These also point out the development direction for the asset management industry. Li Jun said. The construction of Shanghai Global Asset Management Center is a long-term systematic project, which needs to gather the wisdom and strength of all aspects, step by step, step by step, and jointly and solidly promote. This is inseparable from the strong support of the national financial management department and the enthusiastic participation of various asset managers. As the coordinating and promoting Department of Shanghais financial reform, opening up, innovation and development, Shanghai municipal financial work bureau is working with government departments, regulatory departments, financial markets and financial institutions to actively study and formulate policies and measures to promote the healthy development of Shanghais asset management industry.

We will also benchmark the international level, strengthen government services, warmly welcome well-known asset management institutions at home and abroad, and senior officials asset management talents to Shanghai for business development, continuously strengthen the supporting role of the financial market, and vigorously promote the innovation of asset management products and services. We should optimize and facilitate asset management and cross-border management, and strive to create a gathering place for institutions and talents, a meeting place for markets and funds, an innovative place for products and services, a place for integration of science and technology and asset management, and a new highland for supervision and environment. We will strive to build Shanghai into a comprehensive and open global asset management center with high concentration of asset management elements, strong international level, leading scientific and technological application, and complete ecological system by 2025. We will strive to become an important hub of asset management in Asia and be in the forefront of global asset management central cities. Li Jun stressed. This article is from Wang Xiaowu, editor in charge of economic report in the 21st century_ NF

We will also benchmark the international level, strengthen government services, warmly welcome well-known asset management institutions at home and abroad, and senior officials asset management talents to Shanghai for business development, continuously strengthen the supporting role of the financial market, and vigorously promote the innovation of asset management products and services. We should optimize and facilitate asset management and cross-border management, and strive to create a gathering place for institutions and talents, a meeting place for markets and funds, an innovative place for products and services, a place for integration of science and technology and asset management, and a new highland for supervision and environment. We will strive to build Shanghai into a comprehensive and open global asset management center with high concentration of asset management elements, strong international level, leading scientific and technological application, and complete ecological system by 2025. We will strive to become an important hub of asset management in Asia and be in the forefront of global asset management central cities. Li Jun stressed.