Hangzhou Shangcheng District Party Secretary Zhang Yan: Promote Shangcheng financial district from "wealth management highland" to "innovation and source of creativity".

The 8th West Lake Conference was held in Hangzhou on May 21. Zhang Yan, Secretary of the Shangcheng District Committee of Hangzhou, stated in his speech that the district has now gathered 165 licensed institutions at or above the provincial level, accounting for over 60% of the securities, insurance, and futures headquarters in the province, creating the 1.0 version of Shangcheng's financial development. In 2021, the original Shangcheng and Jianggan, two financial strong areas in the province, merged to become today's new Shangcheng. Last year, the district achieved a GDP of 280.35 billion yuan, with the value added of the financial industry doubling compared to ten years ago, reaching 67.95 billion yuan, ranking first in the province; asset management scale doubled to 1.5 trillion yuan, the number of listed companies tripled to 39, realizing the upgrade of Shangcheng's financial version 2.0. "Standing at a new starting point to seize the momentum of the times, we will resolutely implement the strategic layout of the provincial and municipal Party committees to build a high-level financial province and city. We will build a 19-kilometer 'Golden Left Bank' of the Qiantang River Financial Port and promote Shangcheng's financial sector from a 'wealth management hub' to a 'source of innovation and creativity' 3.0 version," Zhang Yan said. "Our core goal is to accelerate the construction of 'two centers and two models,' with the 'two centers' being the Yangtze River Delta Sci-Tech Financial Services Center and the national bulk trade financial services center, and the 'two models' being the China-Specific World-Class Fund Town and the regional equity market reform demonstration model."