《海外资管机构赴上海投资指南（2025版）》发布，今年有这些要点更新！（附全文下载）

Group 1: Core Insights - The Shanghai Fund Industry Association is set to update the "Guidelines" for the fifth time in 2025, aiming to enhance the construction of Shanghai as an international financial center and promote high-level, institutional openness in the capital market [1] - The "Guidelines" have been revised annually since their inception in 2020, providing policy guidance and practical advice for overseas asset management institutions looking to operate in Shanghai [1] Group 2: Financial Market Opening - The internationalization of the Renminbi is progressing steadily, with cross-border Renminbi settlement reaching 64.1 trillion yuan in 2024, a year-on-year increase of 22.5% [1] - The Renminbi Cross-Border Payment System (CIPS) has expanded its reach to 189 countries and regions, with 1,690 participants [1][12] Group 3: Financial Center Development - Shanghai's financial market is leading in scale, with the financial industry's added value reaching 807.27 billion yuan in 2024, accounting for 15% of the city's GDP [4][18] - The total trading volume in Shanghai's financial market was 365.03 trillion yuan, reflecting an 8.2% growth [4][18] Group 4: Foreign Investment Participation - As of June 2025, foreign institutions held a total of 4.23 trillion yuan in the interbank bond market, with 893 foreign institutions approved for Qualified Domestic Institutional Investor (QDII) status [3][14] Group 5: Fund Industry Development - By the end of 2024, China's open-end public fund assets reached 3.98 trillion USD, ranking fourth globally, with public fund assets surpassing 34 trillion yuan by June 2025 [6][20] - The scale of equity funds (stock and mixed funds) within open-end funds reached 8.42 trillion yuan by June 2025, marking a year-on-year growth of 26% [7][20] Group 6: Shanghai Fund Industry Leadership - As of June 2025, Shanghai had 75 public fund management institutions, with 5,129 public fund products and a management scale of 12.74 trillion yuan, all ranking first in the country [10][27] - The number of registered private fund managers in Shanghai reached 3,701, managing 40,500 funds with a total scale of 5.10 trillion yuan, also leading nationally [10][33] - Notably, 43 out of 89 hundred-billion securities private funds are based in Shanghai, representing 48% of the total [10][33]