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 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
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
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