Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

Shanghai issues guidebook for overseas asset management institutions

April 02, 2020


Abstract : Shanghai, the frontrunner in China's financial opening-up, has issued a guidebook for overseas asset management institutions in both Chinese and English to attract more financial institutions to the city.

SHANGHAI, April 2 (Xinhua) -- Shanghai, the frontrunner in China's financial opening-up, has issued a guidebook for overseas asset management institutions in both Chinese and English to attract more financial institutions to the city.

The guidebook, aiming to provide overseas asset management institutions in Shanghai or coming to Shanghai with policy guidance and directions, was jointly produced by the Asset Management Association of China and Shanghai Asset Management Association.

Shanghai will further facilitate foreign financial institutions to develop business here to join the construction of Shanghai international financial center and the reform of the new area of China (Shanghai) Pilot Free Trade Zone, introduce innovative products and operations, and help the city push its financial industry opening-up to a higher level, said an official from Shanghai Municipal Financial Supervision and Administration Bureau.

The introduction of the guidebook showed Shanghai will continue to build an open and fair supervision environment for financial institutions in the city, said an official from Shanghai Securities Regulatory Bureau.

The guidebook covers business environment, development of asset management industry, legislation framework and approval procedures for institutions and products in China and Shanghai.

In the guidebook, Shanghai welcomes overseas asset management companies to come to China and Shanghai, to provide Chinese investors with more abundant and diversified asset management services, and at the same time share the fruits of China's economic development with Chinese investors.

As a spearhead of China's opening-up of financial industry, Shanghai has been attractive to overseas institutions with its favorable business environment and professional financial service, and the global top 10 asset management institutions have all set up branches here.

Here is the link for the Shanghai Guidebook for Overseas Asset Management Institutions. http://www.samacn.org.cn/files/frame/202003311204511204.pdf

(Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Shanghai asset management

Reading:

Cement demand in China to stay at about 2.3 bln t this year

"Smart cars" on "smart roads", 5G IoV nets two trillion-yuan industries

Xinhua Headlines: China lifts foreign ownership limits on securities, fund management firms

China imports first batch of New Zealand kiwifruit in 2020

Wanda offers coupons worth nearly 200 mln yuan to boost consumption amid epidemic

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial