财经观察｜时隔十年国际金融展归沪，掀起一场什么金融科技巨浪？

Group 1 - The Shanghai World Mobile Communication Conference (MWC) and the Amazon Web Services (AWS) China Summit are overlapping this week, alongside the 2025 China International Financial Expo and the 2025 Lujiazui Forum, creating a significant financial technology event in Shanghai [1] - On June 18, the Chairman of the China Securities Regulatory Commission, Wu Qing, announced the establishment of a growth tier on the Sci-Tech Innovation Board, allowing unprofitable companies to list under the fifth set of standards [1] - The Shanghai Stock Exchange has drafted 12 guidelines for the growth tier, focusing on its positioning, scope, delisting conditions, information disclosure, and risk disclosure [1] Group 2 - Compared to ten years ago, the proportion of technology companies among A-share listed companies with a market capitalization exceeding 100 billion yuan has increased from 12% to 27% [2] - The State Financial Supervision Administration and the Shanghai Municipal Government have issued an action plan to support the construction of Shanghai as an international financial center, emphasizing the gathering of insurance institutions [2] - Shanghai currently has 1,782 licensed financial institutions, with foreign financial institutions accounting for about one-third, and foreign entities like Societe Generale Securities continue to establish operations in Shanghai [2] Group 3 - The 31st China International Financial Expo serves as an important window for observing the reform and opening-up of China's financial industry, having moved to Shanghai in 2015 [3] - Major global systemically important banks, including Deutsche Bank, HSBC, and Santander, participated in the expo [4] - The expo featured a signing ceremony for the Cross-Border Interbank Payment System (CIPS) with six foreign institutions, marking the first time CIPS has direct participants from Africa, the Middle East, Central Asia, and Singapore [4]