This strategy has two aims: one is to promote economic and financial development of the Yangtze River Delta and even the whole country; the other is to develop Shanghai into a window for China’s openingup, foreign capital utilization and international financing. Thanks to fourteen years’ development, Shanghai has become the most financially advanced city in China.
BIS Review 119/2006  3  Shanghai’s international financial center build-up has taken up new responsibilities in the new era characterized by the shift of development mode and the harmonious economic development. A financial center basically undertakes the function of financial intermediary and is the core part of resource allocation.