Shanghai aims for 55 trillion yuan in asset management by 2030
Quick Look
- Shanghai aims to reach 55 trillion yuan in asset management by 2030, accounting for one-third of the national total.
- New policies aim to optimize cross-border investment channels, expand qualified investor schemes, and develop offshore and cross-border asset management businesses.
AI-generated summary
Why It Matters
Shanghai is actively working to enhance its status as a global financial center. This set of opinions aims to deepen the construction of Shanghai's global asset management center by optimizing various aspects of the industry.
中新社上海6月2日电 上海市人民政府办公厅2日印发的《关于深化上海全球资产管理中心建设的若干意见》指出，力争到2030年，上海资产管理规模达55万亿元人民币，全国占比达三分之一。
畅通资产管理境内外配置渠道方面，上述意见指出，根据国家有关部署，推动优化“沪港通”“中欧通”“债券通”等机制，稳步推动REITs(不动产投资信托基金)等纳入“沪港通”标的。支持发行香港互认基金，推动与更多境外市场开展交易型开放式指数基金互挂、互认业务。统筹推进银行间与交易所债券市场互联互通并统一对外开放。推出更多特定期货和期权品种，推动更多符合条件的存量品种作为特定品种对外开放。稳步扩大黄金市场制度型对外开放，支持沪港黄金市场合作。
持续优化合格投资者相关制度方面，推动优化合格境外机构投资者(QFII)制度，有序扩大合格境外投资者可交易期货和期权品种范围。持续优化上海合格境外有限合伙人(QFLP)试点，完善主体设立“一口受理”，提升跨境投资便利化水平。支持符合条件的资产管理机构依托合格境内机构投资者(QDII)业务，有序满足投资者跨境投资需求。提高合格境内有限合伙人(QDLP)试点额度使用效率，促进试点额度循环利用。
统筹发展离岸与跨境资产管理业务方面，支持资产管理机构推出便利全球投资者“一键配置”境内资产的跨境资产管理产品。鼓励跨国企业集团在沪设立具备跨境财资管理功能的机构，集中管理使用全球资金。探索银团贷款份额跨境转让试点、信贷资产跨境转让、跨境理财等业务。探索构建离岸金融制度框架，研究推出离岸银行理财等资产管理业务。研究推进上海国际金融资产交易平台建设。(完)
What to Watch
AI outlook — possibilities, not facts
Shanghai will successfully reach its asset management scale target by 2030.
Likely · Long term
Increased cross-border capital flows into and out of China.
Very likely · Medium term
Shanghai will further solidify its position as a leading global financial center.
Very likely · Long term
Open Questions
- What specific measures will be taken to optimize the 'Stock Connect' and 'Bond Connect' schemes?
- How will the QFLP and QDLP pilot quotas be utilized more efficiently?
- What are the detailed plans for constructing the Shanghai International Financial Asset Trading Platform?
- What are the anticipated challenges in achieving the 55 trillion yuan target by 2030?
