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Gong Zheng: To fully implement the central government's plan on supporting the high-level reform and opening up of the Pudong New Area
June 11,2021

  On June 10, the 13th Lujiazui Forum (2021) co-hosted by the Shanghai Municipal People's Government, the People's Bank of China, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission,opened at 10 a.m. in Shanghai. Gong Zheng, Deputy Secretary of the CPC Shanghai Municipal Committee, Mayor of Shanghai and Co-chair of the Forum, attended the opening ceremony and the first plenary session,and delivered a speech.

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  Gong pointed out that under the auspices of the CPC Central Committeeand the State Council, and with the strong supportof financial regulatory authorities, Shanghai has basically established itself as an international financial center commensurate with the economic strength of China and the international status of renminbi. At the new starting point, we should follow through on the important instructions in the speech made by General Secretary Xi Jinping during his visit to Shanghai and his important remarksat the 30th anniversary celebration of Pudong’s development and opening up, focus on fostering a new development paradigm, further promote a high level of financial opening up, deepen financial reform and innovation, enhance the capacity of the financial sectorto serve the real economy,and strengthen the effectiveness of financial governance, so that Shanghai could better represent China and participate in international cooperation and competition. By 2025, Shanghai strives to significantly enhance its capacity as an international financial center, play a more prominentrole in serving the country's high-quality economic development, further cement its position as a center for RMB financial asset allocation and risk management, and greatly improve its function of global resource allocation, thus laying a solid foundation for becoming an international financial center with huge global influence by 2035.