FINANCIAL STREET(SZ:000402) Xin Hua Cai Jing·2025-06-18 07:16Core Viewpoint - The article discusses the "Action Plan" jointly issued by the Financial Regulatory Bureau and the Shanghai Municipal Government to enhance the competitiveness and influence of Shanghai as an international financial center, focusing on high-level financial openness to promote high-quality economic development [1][2][3]. Group 1: Financial Institution Development - The plan aims to attract financial institutions to Shanghai, enhancing their service capabilities and encouraging foreign financial institutions to play a larger role in the city's development [1]. - It emphasizes the need for commercial banks to strengthen their support for the construction of the international financial center through dedicated institutions and authorizations [1]. Group 2: Financial Services to the Real Economy - The plan outlines the importance of improving the quality and efficiency of financial services to the real economy, particularly through technology finance and carbon finance initiatives [2]. - It encourages financial institutions in Shanghai to develop inclusive finance, pension finance, and digital finance [2]. Group 3: Institutional Opening and Internationalization - The plan promotes institutional opening by aligning with international trade rules and exploring cross-border loan businesses in the Shanghai Free Trade Zone [2]. - It aims to enhance the international operational capabilities of financial institutions and develop Shanghai as an international reinsurance center [2]. Group 4: Regulatory Improvement - The plan focuses on improving regulatory standards and risk management capabilities of financial institutions in Shanghai [3]. - It supports financial innovation trials while ensuring a balance between development and safety, including the establishment of a financial risk prevention mechanism [3]. Group 5: Policy Support and Professional Services - The plan emphasizes the need for policy support to enhance the professional service level in finance, including the integration of party building and business [3]. - It aims to improve the financial regulatory environment and support the establishment of a data center for the Financial Regulatory Bureau in Shanghai [3].