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Han Zheng: aim for 2015 Shanghai financial market deals quadrillion

Posted in Financial News

  New Shanghai, October 30 (reported by reporter Jiang Yu) Shanghai Mayor Han Zheng, held here on the 30th “23rd International entrepreneur, Mayor of Shanghai consultation meeting”, said that as China stocks, bonds, currencies and other major financial factor markets Shanghai, which will maximize the bigger size and energy level of the financial markets.

  Han Zheng said that by 2015, the Shanghai financial market transactions and strive to reach around 1000 trillion yuan, major financial markets keep or into the forefront of the world market. Stock turnover and market capitalization before entering the world of these three, the commodity futures trading volume remains world’s top two, the bond market balances three before entering the global market, financial derivatives trading the world’s top five.

  It is learnt that the 2010 Shanghai financial markets trading at 380 trillion yuan, except for foreign exchange transactions, volume of shares traded on the Shanghai Stock Exchange last year ranked third in the world, shares the sixth. Shanghai Futures Exchange traded contract number ranks second in the world, has become one of the world’s third-largest non-ferrous metals price Center.

  According to Han Zheng said in addition to financial markets, in Shanghai over the next five-year development goals also include speeding up the construction of market system with the global resource allocation capability; complete service of Shanghai market system, and spurring function; to continue to promote the development of innovation in the market.

  ”Large city and economic center should be the most complete market system and market the highest density of market center, Shanghai must comprehensively strengthen the capabilities of the service, and spurring market system. “Han Zheng said. “Innovation is the lifeblood of marketing development for many years, the State put many in the field of market reform in Shanghai, Shanghai continue to push forward the market first try and inject a strong vitality. We will work hard to strive for new breakthroughs in some key areas. ”

  It was alleged that Shanghai to strive for new breakthroughs is financial first try, followed by market trading model of innovation, and the third is the innovative development of factor markets, Han Zheng, said: “we will actively seek to a new State-level factor market in Shanghai. “(End)