Group 1 - The 14th "Shanghai Financial Talent" selection has commenced, with media evaluation involving 50 mainstream and professional financial journalists voting on candidates [1] - This year's selection features three awards: "Annual Person of the Shanghai International Financial Center Construction," "Leading Figures in Shanghai's Financial Industry," and "Innovative Figures in Shanghai's Financial Industry," with candidates required to be from licensed financial institutions and have worked full-time in Shanghai for at least two years [1][2] - The selection process includes self-nomination, committee nominations, media evaluation, online voting, and expert reviews, with results to be announced in September 2025 [3] Group 2 - A strong financial talent pool is identified as a key element for a financial powerhouse, with the revised 2024 "Shanghai International Financial Center Construction Regulations" emphasizing the need for policies that support financial talent development and evaluation [2] - Nearly 100 financial professionals have registered for this year's selection, showcasing a broad representation across traditional sectors like banking, securities, and insurance, as well as emerging fields such as green finance and financial information [2] - The candidates exhibit international diversity, including foreign financial professionals and those with extensive overseas experience, contributing to initiatives like the Belt and Road and cross-border financial infrastructure [2] Group 3 - The event is organized by several prominent institutions, including the China Economic Information Service and Xinhua News Agency, with support from various financial regulatory bodies and organizations [4] - The selection has been held for thirteen consecutive years, with over 200 financial talents recognized, enhancing Shanghai's international financial center's soft power and cultural atmosphere [3]

21世纪经济报道记者 吴霜 上海报道 价值长期化，坚持"为客户创造价值"，为市场和客户提供"完备、友好、亲和、向善"的服务。 生态数智化，携手财富管理，共同打造大资管服务生态，提升投研、配置、营销、管理的数智化水平。 张为忠表示，从天时来看，上半年，我国经济稳中有进，主要经济指标表现良好，GDP 同比实现5.3%的增长，高质量发展不断 取得新的成效。中国资管市场规模持续扩大，行业结构更加多元，呈现"百花齐放"的局面。从地利来看，上海国际金融中心建 设不断取得新的进展。截至 2024年末，上海持牌的各类资管机构达到1782家，其中外资金融持牌机构 555家，占比1/3，体现了 上海的集聚效应和吸引力。从人和来看，我国拥有全球最大规模且持续壮大的中等收入群体，为大资管行业带来庞大且稳定的 客户基础。 近年来，浦发银行确立了"数智化"战略，明确深耕科技金融、供应链金融、普惠金融、跨境金融、财资金融五大赛道，强化数 字基建、数字产品、数字运营、数字风控与数字生态"五数"建设，打造差异化竞争优势。当前，浦发银行总资产已突破9.6万亿 元，位列2025年《银行家》杂志"全球银行1000强"第19位。 展望未来，张为忠强调 ...

Group 1: Offshore Financial Development - The successful issuance of offshore bonds in Shanghai Free Trade Zone, with a scale of 500 million yuan, supports overseas entities in raising funds in international markets, marking a significant step in the development of offshore RMB bonds [2] - The new pilot scheme for offshore trade finance aims to streamline the settlement process from 2-3 days to "second-level," enhancing competitiveness with established offshore centers like Hong Kong and Singapore [2] - As of July 18, participating offshore trade companies completed 22 transactions with a total cross-border payment of 648 million yuan [2] Group 2: Growth in Offshore Trade - In Q1 2025, the offshore trading volume in the Lingang New Area reached approximately 8.15 billion USD, reflecting a year-on-year growth of 56.67% [3] - The Lingang New Area plans to leverage its offshore trade platform and financial pilot to create a model for global order reception, overseas processing, and settlement in Lingang [3] Group 3: Financial Market Infrastructure - Shanghai is recognized as one of the cities with the most comprehensive global financial factor markets, including stocks, bonds, futures, and gold markets, alongside essential financial infrastructure [4] - Recent regulatory measures have further strengthened Shanghai's position as an international financial center [4] Group 4: Cross-Border RMB Payment System - The CIPS (Cross-Border Interbank Payment System) has launched RMB international letter of credit services, enhancing convenience for enterprises in RMB trade settlements [7] - In the first half of the year, Shanghai's cross-border RMB payment totaled 16.2 trillion yuan, a year-on-year increase of 15%, maintaining its leading position nationally [7] Group 5: Foreign Investment and QDII Expansion - A new batch of QDII (Qualified Domestic Institutional Investor) quotas totaling 3.08 billion USD has been approved, allowing foreign banks to support clients in global asset allocation [8][10] - The expansion of QDII quotas is expected to enhance the ecosystem for capital market flows and inject long-term confidence into the market [10] - Foreign financial institutions are accelerating their presence in Shanghai, with significant investments in various sectors, including insurance and asset management [10]

Group 1: Offshore Financial Development - The successful issuance of offshore bonds in Shanghai Free Trade Zone, with a scale of 500 million yuan, supports overseas entities in raising funds in international markets, marking a significant step in the development of offshore financial services [2] - The new pilot program for offshore trade finance aims to streamline settlement processes, reducing the time from 2-3 days to "second-level" transactions, enhancing competitiveness with established offshore centers like Hong Kong and Singapore [2] - As of July 18, participating offshore trade companies completed 22 transactions with a total cross-border revenue of 648 million yuan [2] Group 2: Growth in Offshore Trade - In Q1 2025, the offshore trading volume in the Lingang New Area reached approximately 8.15 billion USD, reflecting a year-on-year growth of 56.67% [3] - The Lingang New Area plans to leverage its offshore trade platform and financial pilot programs to create a "global order, overseas processing, Lingang settlement" model, aiming to unlock further growth potential in offshore trade [3] Group 3: Financial Market Infrastructure - Shanghai is recognized as one of the cities with the most comprehensive global financial factor markets, including stocks, bonds, futures, and gold markets, alongside essential financial infrastructure [3] - Recent financial management initiatives have strengthened Shanghai's international financial center, enhancing its market and infrastructure [3] Group 4: Capital Market and Foreign Investment - The recent approval of a new batch of Qualified Domestic Institutional Investor (QDII) quotas, totaling 3.08 billion USD, allows foreign banks to support clients in broader global asset allocation [7][8] - Foreign investment institutions are increasingly participating in China's capital market, with foreign entities accounting for about one-third of licensed financial institutions in Shanghai [9] - The expansion of QDII quotas is expected to optimize the ecosystem for capital market flows, injecting long-term confidence into the market [8]

Group 1 - The Shanghai Financial Industry Association held its re-election conference on July 9, electing a new council and supervisory board, with Ren Deqi, Chairman of the Bank of Communications, elected as the chairman [1] - Key figures elected as executive vice-chairmen include Kong Qingwei, former chairman of China Pacific Insurance Group, and Xie Wei, president of SPD Bank, among others [1] - The conference was attended by senior officials from the Shanghai government, highlighting the importance of the association in the development of Shanghai as an international financial center [3] Group 2 - Wu Wei, the Executive Vice Mayor of Shanghai, emphasized the association's role in supporting the construction of the Shanghai International Financial Center and its commitment to serving the financial industry and promoting innovation [5] - The association aims to strengthen its role as a platform and bridge for financial services, particularly for small and medium-sized enterprises and innovative companies [5][6] - The outgoing chairman, Ren Deqi, reported on the association's achievements in promoting inclusive finance and enhancing the international profile of Shanghai's financial sector [6][8] Group 3 - Ren Deqi outlined the association's future goals, including enhancing financial services, supporting the real economy, and promoting high-level financial openness [8][9] - The association plans to foster collaboration among financial institutions and improve its operational mechanisms to facilitate innovation and cooperation [6][9] - The focus will be on deepening international exchanges and showcasing the achievements of Shanghai as a financial hub [6]

Group 1 - The Shanghai Financial Industry Association has undergone a leadership change, with Ren Deqi, Chairman of the Bank of Communications, re-elected as the new chairman [1] - The Shanghai financial system has significantly enhanced its market scale and capability, improving its service to the real economy and steadily increasing its internationalization level [1][2] - The association aims to enhance organizational capacity and guide financial institutions to leverage their professional advantages, focusing on key areas such as deepening financial market construction and facilitating cross-border RMB payments [1][2] Group 2 - Wu Wei emphasized the importance of internationalization as a key indicator of financial center capability, advocating for proactive engagement in both "going out" and "bringing in" initiatives [2] - The Shanghai Financial Industry Association was established in response to the State Council's directive to develop Shanghai as an international financial center and has been dedicated to promoting financial development since its inception in April 2009 [2] - The new leadership of the Shanghai Financial Industry Association is committed to practical measures to support the development of the real economy and enhance internationalization [3]

Group 1 - The construction of Shanghai as an international financial center is supported by national reforms and policies aimed at enhancing its global financial hub status [2][3] - Recent initiatives include the establishment of a growth layer on the Sci-Tech Innovation Board and measures to facilitate cross-border financial services [2][3] - Shanghai aims to become a key hub in the global financial system through high-level financial openness, enhancing the role of RMB assets, and improving its financial ecosystem [3][5] Group 2 - The competition among international financial centers is intensifying, with cities like London, New York, Hong Kong, and Singapore implementing innovative development measures [4][5] - Shanghai's strengths lie in financial development and infrastructure, while its weaknesses include reputation and business environment, indicating a need for soft power enhancement [5] - The establishment of a high-level offshore financial market in Shanghai is crucial for attracting international investments and enhancing the city's financial capabilities [6][7] Group 3 - The development of an offshore financial market in Shanghai requires supportive tax policies and regulatory frameworks to attract foreign institutions [8][9] - Shanghai's offshore market must connect with global markets, including Hong Kong, London, and Singapore, to facilitate RMB transactions and enhance liquidity [9] - The city should focus on creating innovative financial products to meet the needs of international investors and improve its global financial market presence [9][10] Group 4 - To elevate its status as an international financial center, Shanghai needs to establish a more internationalized and innovative corporate structure for listed companies [10][11] - The city should enhance its financial market's reputation by improving transparency and providing authoritative reports on its financial center development [12][13] - A multi-lingual platform for financial information dissemination is essential to attract international investors and improve Shanghai's global recognition [13][14] Group 5 - The cultivation of strategic financial talent is critical for Shanghai's international financial center development, requiring a focus on training and retaining skilled professionals [14][15] - The city should benchmark against top international financial institutions to enhance its competitiveness and governance capabilities [14]

Macroeconomic Situation - On June 24, six departments including the central bank jointly issued the "Guidance on Financial Support for Boosting and Expanding Consumption", with 19 measures such as setting up a 500 billion yuan re - loan for service consumption and elderly care to support three major consumption areas [1] - The Central Financial Commission issued the "Opinions on Supporting the Accelerated Construction of the Shanghai International Financial Center", and the financial regulatory authorities and the Shanghai government issued a supporting action plan [1] - On June 27, the central bank conducted 525.9 billion yuan of 7 - day reverse repurchase operations, with a net investment of 364.7 billion yuan on the day [1] - The Fed maintained the interest rate at 4.25% - 4.5% in June, revised down the 2025 GDP forecast, and revised up inflation and unemployment rate forecasts [2] - UK's May car exports to the US dropped 55.4% year - on - year, and car production dropped 32.8% year - on - year, hitting a 76 - year low [2] - Trump decided to terminate trade negotiations with Canada and may impose new tariffs due to Canada's digital service tax, affecting the Canadian dollar and stock and bond markets [2] REITs Market - The first shopping mall public REITs of the year, CICC China Greentown Commercial REITs, was listed on the Shenzhen Stock Exchange, with a fundraising scale of 1.58 billion yuan and a offline subscription multiple of 249 times [2] Stock Index Futures - On June 27, A - share indices showed mixed performance. The Shanghai Composite Index fell 0.70% to 3424.23 points, the Shenzhen Component Index rose 0.34% to 10378.55 points, and the ChiNext Index rose 0.47% to 2124.34 points. The trading volume was 1.5411 trillion yuan, a decrease of 42.1 billion yuan from the previous day [3] - The CSI 300 index continued to adjust on June 27, closing at 3921.76, a decrease of 24.26 [4] Coke and Coking Coal Futures - On June 27, the coke weighted index was strong, closing at 1425.5, a rise of 35.5 [5] - On June 27, the coking coal weighted index remained strong, closing at 855.9 yuan, a rise of 39.8 [6] - The port coke spot price was stable, with supply and demand showing certain trends. The price of coking coal in some areas increased, and the market was mixed [8] Sugar Futures - Brazilian sugar production in June is expected to decline significantly. The Zhengzhou sugar futures 2509 contract rose slightly at night [8] Rubber Futures - The Shanghai rubber futures showed narrow - range fluctuations at night on June 27. Inventory and warehouse receipt data had certain changes [9] Soybean Meal Futures - The international soybean market is affected by weather and planting area expectations. The domestic soybean meal price is under pressure in the short term [9] Live Pig Futures - On June 27, live pig futures fluctuated. The market is in a situation of loose supply and demand, and the upside space is limited [10] Copper Futures - The Shanghai copper market's price rose under multiple factors, but there are still uncertainties [12] Cotton Futures - The Zhengzhou cotton futures' main contract closed at 13845 yuan/ton on Friday night. The cotton inventory decreased [12] Iron Ore Futures - On June 27, the iron ore 2509 main contract rose 1.99%, closing at 716.5 yuan. The market shows a pattern of increasing supply and demand [12] Asphalt Futures - On June 27, the asphalt 2509 main contract fell 0.03%, closing at 3561 yuan. The market is in a weak fundamental situation [13] Log Futures - The log 2509 contract's price and trading volume had specific performance on June 27. The spot price was stable, and the import volume decreased [13] Steel Market - The "Two New" policies are effective, and the state supports equipment renovation. The steel market demand is weak in the off - season [14] Alumina Market - The supply of domestic alumina is relatively loose, and the demand is relatively stable [14] Aluminum Futures - The domestic electrolytic aluminum supply is stable, and the demand is affected by the off - season in the short term but is expected to improve in the long term [15] Lithium Carbonate Market - The price of lithium carbonate rose, but the market still has an oversupply situation [15]

Group 1 - The construction of Shanghai International Financial Center is a significant decision by the central government, aimed at promoting high-quality financial development and enhancing national competitiveness [1][2] - Recent policy documents have been released to support the acceleration of Shanghai's international financial center construction, indicating a new phase of quality improvement [1][2] - The establishment of the international financial center is expected to enhance international financial influence and optimize resource allocation, making Shanghai a hub for global financial activities [2] Group 2 - The People's Bank of China and other regulatory bodies have issued an action plan to enhance cross-border financial service facilitation, which is crucial given the changing external environment [4] - The action plan includes measures for cross-border settlement, exchange rate hedging services, and comprehensive financial services, aimed at creating a favorable business environment for foreign trade enterprises [4] - Financial institutions are developing tailored work plans to support the construction of the international financial center and assist enterprises in expanding overseas [4][7] Group 3 - Banks like Bank of Communications are committed to enhancing financial support for enterprises going abroad, which is vital for increasing the competitiveness of the Shanghai International Financial Center [7] - The bank is improving cross-border settlement efficiency and utilizing digital solutions such as blockchain technology to facilitate trade document processing [7] - Shanghai Pudong Development Bank is also innovating financial service models to meet the cross-border needs of enterprises, providing comprehensive financial solutions [8]

Group 1 - The article emphasizes the importance of integrating technological innovation with industrial needs to drive transformation and upgrade in various sectors, particularly in engineering machinery [3] - The People's Bank of China announced eight policy measures aimed at enhancing Shanghai's international financial center status, including the establishment of a digital RMB international operation center and improvements in cross-border payment systems [4][5] - The National Financial Regulatory Administration highlighted the need for open cooperation in financial reform, supporting foreign investment in green finance, and enhancing the multi-tiered pension insurance system [6][7] Group 2 - The China Securities Regulatory Commission aims to promote the integration of technological and industrial innovation, introducing measures to enhance the role of the Sci-Tech Innovation Board as a testing ground for reforms [8][9] - The State Administration of Foreign Exchange plans to establish a more convenient and open foreign exchange management system, focusing on enhancing the service quality for the real economy and deepening reforms in direct investment foreign exchange management [10][11] - The Central Financial Committee and the Shanghai Municipal Government issued opinions to accelerate the construction of Shanghai as an international financial center, focusing on financial market development and enhancing service quality for the real economy [12][13] Group 3 - The signing of the "Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan" aims to enhance cooperation between the two regions in areas such as cross-border clearing and digital RMB applications [14][15]