SHANGHAI WANTS TO BECOME A GLOBAL CENTER WITH INNOVATIVE FINANCIAL MECHANISMS‼️
Tu Guangshao, President of the Shanghai New Finance Research Institute, emphasized that the investment and credit linkage mechanism should be strengthened to support technological innovation and entrepreneurship. At recent financial forums, Tu emphasized the need for deeper financial reforms and institutional openings to consolidate Shanghai's role as an international financial center. In this context, it is aimed to promote innovative financial instruments, products and services, especially related to Renminbi transactions, and to enhance global competitiveness.
Shanghai aims to create a solid innovation and investment environment in line with global standards by increasing cooperation between local and international financial institutions (Shanghai Daily, 2022; China Daily, 2022).
#escoin #Bitcoin #elg #EscoinToken $BTC $ETH References: • “Financial opening-up seen brightening Shanghai's image,” english.www.gov.cn, 2022. • “Shanghai boosts efforts to become global financial hub,” China Daily, 2022. • “Financial innovation conference held in SW China’s Chengdu,” Xinhua, 2024.
