Shanghai: Shanghai will play a better role as a pioneer for the steady expansion of institutional opening-up in the financial sector in the New Year, said Gong Zheng, mayor of Shanghai, on Saturday.
Relying on key areas, such as Pudong New Area and Lin-gang Special Area, the city will carry out financial stress tests to a greater extent, build a trading platform for international financial assets, and promote innovative pilot projects in the fields of cross-border and offshore finance, said Gong during a municipal press conference after the conclusion of the annual plenary sessions of the city’s legislative and political advisory bodies. –The Daily Mail-China Daily news exchange item
