As I mentioned at the Lujiazui Forum before, Shanghai, as an international financial center, is bound to gain its edge based on RMB-denominated assets. Growing global appetite for RMB assets will derive new demand for RMB asset risk management, legal environment improvement and better talent support.
In this process, Shanghai will become an RMB asset allocation center, a risk management center, a Fintech center, and a center of business excellence and financial talents, which, I am sure, will make the city a more competitive financial center internationally. Going forward, the PBOC will continue to support the development of Shanghai as an international financial center.