Third, Shanghai’s growth as the international financial center will play an important role in building a harmonious financial system To build Shanghai into an international financial center is a national strategy established in 1992.
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.