Shanghai: Striving to achieve an asset management scale of 55 trillion yuan by 2030, accounting for 1/3 of the national total.

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 Global Asset Management Center". The notice points out that in order to further promote the high-quality development of Shanghai's asset management sector, strengthen the dual-drive of asset management and wealth management, accelerate the internationalization of the Renminbi, facilitate the diversified allocation of domestic and foreign assets, enhance the global allocation and risk management functions of Renminbi assets in Shanghai, and effectively enhance the competitiveness and influence of Shanghai as an international financial center. By 2030, Shanghai's asset management scale will reach 55 trillion yuan, accounting for one third of the national total. The following opinions are proposed for deepening the construction of Shanghai Global Asset Management Center.