Group 1 - The core viewpoint of the article highlights the release of the "Overseas Asset Management Institutions Investment Guide (2025 Edition)" by the Shanghai Fund Industry Association, aimed at enhancing Shanghai's status as an international financial center and promoting high-level, institutional openness in the capital market [1] Group 2 - The 2025 edition of the guide emphasizes the deepening of China's financial market opening, the elevation of Shanghai's international financial center capabilities, the accelerated high-quality development of the Chinese fund industry, and the continued leading scale of Shanghai's fund industry [1] - It notes that the internationalization of the Renminbi is progressing steadily, with the cross-border Renminbi settlement volume reaching 64.1 trillion yuan in 2024, representing a year-on-year increase of 22.5% [1] - The Renminbi Cross-Border Payment System (CIPS) has expanded its business volume to cover 189 countries and regions, with 1,690 participants involved [1]

Core Viewpoint - The 2025 edition of the "Investment Guide for Overseas Asset Management Institutions in Shanghai" has been updated to support the construction of Shanghai as an international financial center and to promote high-level, institutional openness in the capital market [1] Group 1 - The guide has undergone its fifth update, reflecting changes in the macroeconomic environment and the latest industry developments [1] - The update is conducted under the guidance of key financial regulatory bodies, including the Shanghai Municipal Financial Committee, the Shanghai Securities Regulatory Bureau, and the Asset Management Association of China [1]