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 coordin

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.