Forum boosts city's role as financial hub
--------------------------------------------------------------------------------
14/1/2008 17:56

Han Jing/ Shanghai Daily news

A forum on the fund and assets management center in Shanghai was held yesterday under the auspices of Shanghai Financial Services Office and China Europe International Business School (CEIBS).

The theme for the forum was opportunities and challenges facing Shanghai as it builds a fund and assets management center.

City government officials, scholars, principals from domestic and foreign financial organs such as the Monetary Authority of Singapore and the China Insurance Regulatory Commission attended the forum.

The forum discussed how to bring forth new ideas to fund and assets management and how to strategically help the city become an international financial hub.

"The construction of the center will help the city improve its functions and become an international financial hub,"Shanghai Vice Mayor Feng Guoqin said at the forum.

"An improved law system is required to develop financial products and trade mechanism," said Fang Xinghai, director of Shanghai Financial Services Office,"And the city should well embrace private equity fund and high-end talents."

Shanghai is expected to improve its taxation, preferential policies and government services, revealed from the latest research conducted by CEIBS on 13 financial institutions nationwide.