Core Viewpoint - The construction of Shanghai as an international financial center is increasingly important and urgent, with a focus on fostering long-term capital for technological innovation [1][3]. Group 1: Meeting Overview - A meeting was held to discuss accelerating the construction of Shanghai as an international financial center, attended by government officials and industry leaders [2]. - The meeting emphasized the integration of banking and insurance reforms with the development of the financial center [1][3]. Group 2: Key Statements from Officials - Jiang Bo from the National Financial Regulatory Administration highlighted the significance of the financial center amid a complex international environment, stressing the integration of asset management and technological innovation [3]. - Zhou Xiaoqian from the Shanghai Municipal Financial Office noted that Shanghai's asset management scale exceeds 30% of the national total, with significant growth in equity investment despite a national decline [4][5]. Group 3: Future Initiatives - Shanghai will focus on five areas to promote global asset management and cultivate long-term capital for technology innovation, including attracting more equity investment institutions and enhancing policy innovation [6][7]. - The Shanghai Financial Regulatory Bureau outlined three measures to enhance the influence of the international financial center, including attracting institutions and strengthening international resource allocation [8][9]. Group 4: Regional Cooperation - Suzhou's government expressed commitment to supporting Shanghai's financial center by enhancing financial cooperation and providing rich application scenarios through regional integration [10]. Group 5: Asset Management Insights - Asset management is identified as a core function of international financial centers, requiring a mature ecosystem and strong capabilities in asset management [11][12]. - The asset management industry in China is projected to grow significantly, with private equity funds playing a crucial role in funding technology innovation [13][14].