Shanghai aims for 55 trillion yuan asset management scale by 2030

Key facts

• Shanghai released guidelines to deepen its development as a global asset management center.
• The guidelines aim to grow asset management scale to 55 trillion yuan by 2030.

Shanghai is actively working to enhance its position as a global financial hub, particularly in the asset management sector. These new guidelines signal a strategic push to attract more capital and financial services, aiming to solidify its role in the international financial landscape.