Shanghai municipal government office issued guidelines to deepen Shanghai’s development as a global asset management center, aiming to grow asset management scale to 55 tln yuan by 2030 — roughly one-third of China’s total. Measures prioritize strengthening asset- and wealth-management dual engines, accelerating RMB internationalization, facilitating domestic and cross-border diversified allocation, and enhancing global allocation and risk-management functions for RMB assets to boost Shanghai’s

2026-06-02

Shanghai municipal government office issued guidelines to deepen Shanghai’s development as a global asset management center, aiming to grow asset management scale to 55 tln yuan by 2030 — roughly one-third of China’s total. Measures prioritize strengthening asset- and wealth-management dual engines, accelerating RMB internationalization, facilitating domestic and cross-border diversified allocation, and enhancing global allocation and risk-management functions for RMB assets to boost Shanghai’s international financial center competitiveness.

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