The Shanghai municipal government office issued guidance to deepen Shanghai’s
development as a global asset management center. Measures include optimizing
mechanisms for Shanghai–Hong Kong Stock Connect, China–Europe Connect and Bond
Connect; steadily promoting inclusion of REITs and similar products in Stock
Connect; supporting issuance of Hong Kong mutual‑recognition funds and expanding
ETF cross‑listing and mutual‑recognition arrangements with more overseas
markets. The plan calls for coordinated interconnection of interbank and
exchange bond markets with a unified external opening, launching additional
designated futures and options, and opening more eligible existing contracts to
overseas investors. It also seeks to steadily widen institutional opening of the
gold market and support Shanghai–Hong Kong gold market cooperation.
