PR99839

SHANGHAI, March 28, 2023 /Xinhua=KYODO JBN/--

More than 100 foreign-funded asset management institutions have now settled in

Shanghai's Lujiazui Financial City, demonstrating China's further opening-up of

its financial sector, according to the third Lujiazui Global Asset Management

Summit held in Shanghai on Monday.

In 2022, Lujiazui Financial City introduced 10 foreign asset management

institutions or related upstream or downstream enterprises. Financial

institutions from 13 countries have thus far established 122 foreign asset

management institutions in the Shanghai financial zone, nine of which are among

the world's top 10 such institutions, according to Shanghai Lujiazui Financial

City Authority.

At the summit, the Lujiazui Administration Bureau of China (Shanghai) Pilot

Free Trade Zone signed a memorandum of cooperation on opening-up with 10 global

asset management institution.

By 2025, the total number of industry-leading international asset management

institutions in Lujiazui is expected to exceed 150, said Xiao Jian, director of

the Lujiazui Administration Bureau of China (Shanghai) Pilot Free Trade Zone.

Source: Shanghai Lujiazui Financial City Authority

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=439321

   Caption: Lujiazui Financial City reached strategic cooperation with a group of

institutions for overseas development.

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   Caption: The 3rd Lujiazui Global Asset Management Summit