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Present Status of International Financial Center
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| 2006-08-09 09:55:14 |
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| Shanghai has established its place as the national financial center with the market center as the main characteristics. On August 10, 2005, the People's Bank of China, Shanghai Head-Office, was established in Pudong, and would directly promote the building of Shanghai international financial center. The State Foreign Exchange Administration issued 9 "Pioneering Experimentation and Implementation"policies on the pilot project of reform of the mode of transnational foreign exchange administration, trial-implemented the concentrated management of RMB and foreign exchange funds, offshore financial business,relative separation of the flow funds from the flow of goods, etc.. This has become symbolic progress in promoting the construction of Shanghai international financial center and played a key role. |
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