After its establishment in September 2002, Shanghai Financial Service Office strengthened the coordination among different departments and improved the public service. 《Outline of Action for Building Shanghai International Financing Center》formulated by Shanghai determines the goal and direction; specifies the policies and measures in support of the development of the financial industry and strengthens the organizational cohesive effect; optimizes the layout of Lujiazui financial industries, establishes Zhangjiang bank credit card industrial park and broadens the space for the development of the financial industry; strengthens the construction of a credit system, and optimizes the credit basis for the development of the financial industry; strengthens the cooperation with supervisory departments and judicial departments, cracks down on financial crimes, protects the lawful rights of the creditors and maintains financial safety and stability; and exercises the strategy on financial professionals of high-caliber, makes efforts to raise the level of professionals and the related work as required by the market, internationalization and modernization. By the end of the 10th Five-Year Plan Period, Shanghai's financial system had 305 senior oversee financial professionals, and 50% of managerial personnel of the intermediate grade had come from all over the country. In 2005, the Finance Research Institute of the Chinese Academy of Social Sciences conducted a systematic evaluation of the environment of financial ecology of the cities of the country, and Shanghai ranked first in the comprehensive evaluation of the environment of financial ecology. |