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.