Core Insights - The core viewpoint emphasizes the importance of technological competition as a frontier for future development, highlighting the need for financial support in technology innovation, industrial upgrading, and green development while also accelerating the digitalization of finance [1][2]. Group 1: Financial Reform and Development - The construction of the Shanghai International Financial Center should focus on comprehensive financial reform, enhancing top-level design, policy formulation, and implementation to address existing challenges and improve the pricing mechanisms of financial markets [1][2]. - There is a need for institutional openness, simplifying the approval processes for foreign financial institutions to facilitate their entry into the RMB business and enhance Shanghai's position as a hub for RMB asset allocation [2][3]. Group 2: Supporting the Real Economy - The five center constructions in Shanghai should work collaboratively to support the high-quality development of the real economy, particularly in areas like equity investment ecosystems, the Sci-Tech Innovation Board, and green finance [2][3]. Group 3: Offshore Financial System - An offshore financial system centered around the RMB should be established in Shanghai, promoting the free flow of legal funds across borders and facilitating the financial management of Chinese enterprises operating overseas [2][3]. Group 4: Financial Technology Development - There is a strong emphasis on developing financial technology by integrating various financial data resources in Shanghai, creating platforms for both general and specialized financial models to empower financial services and regulation [3]. Group 5: Global Financial Cooperation - Support for Chinese enterprises going global and the Belt and Road Initiative is crucial, alongside enhancing global financial cooperation and governance, which will expand the use of the RMB as an international currency [3].
中国人民银行原副行长胡晓炼:从六个方面建设上海国际金融中心
Zhong Guo Jing Ying Bao·2025-10-19 14:14