Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua
Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua
Business /  China Business

Shanghai has a long way to go before it can claim to be a global financial centre, says European business group

  • Only removal of capital controls and renminbi convertibility can help Shanghai claim title of international financial centre, says Thilo L. Zimmermann of European Union Chamber of Commerce in China

Topic |   Banking & Finance
Pearl Liu
Pearl Liu

Updated: 9:24pm, 13 Dec, 2019

Why you can trust SCMP
Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua
Shanghai is China’s top financial centre. In March 2009, the government set a goal to establish the city as an global financial centre by 2020. Photo: Xinhua
READ FULL ARTICLE