Shanghai Holds Forum for Foreign-Funded Financial Institutions, 11 Heads of Foreign-Funded Financial Institutions Attend

On April 2, the Shanghai Municipal Government held a symposium with foreign financial institutions to hear their opinions and suggestions on accelerating the development of an international financial center. Wu Wei, a member of the Standing Committee of the Municipal Party Committee and Executive Vice Mayor, attended the meeting and delivered remarks, while Liu Jian, Deputy Secretary-General of the Municipal Government, presided over the meeting. Representatives from 11 foreign financial institutions—including Morgan Stanley Bank, Barclays Bank, Banque Française et Commerciale (French International Foreign Trade Bank), Bank of New York Mellon, Allianz Insurance, China Minsheng Life Insurance, China-U.S. United MetLife Insurance, Lufax Asset Management, Temasek, Huaping Investment, KKR, and others—attended the meeting and spoke. Relevant officials from the Shanghai Municipal Financial Office, the Shanghai Head Office of the People’s Bank of China, the Shanghai Financial Regulatory Bureau, and the Shanghai Securities Regulatory Bureau attended the symposium. (The Paper)