Han: Shanghai has broader prospect in developing its financial industry
23/1/2007 17:22
Shanghai Daily news
Shanghai has broader prospects in developing its financial industry than
other cities worldwide in the long term, city mayor Han Zheng said yesterday
when meeting a delegation of Canada's Bank of Montreal (BMO) Financial
Group.
¡°The newly concluded national financial work conference stressed
the importance of developing Shanghai into an international financial center. It
is a national strategy," said Han. He also invited foreign financial companies
to participate in Shanghai's development towards an international financial
center, promising a better investment climate.
As an open city full of
vitality, Shanghai has maintained sustainable development over the past few
years, Han said at the meeting, adding that the local financial industry has a
bright future though there is gap between Shanghai and other international
financial centers in terms of financial talent, management capability, and laws
and regulations.
Echoing Han's view, Jiang Boqin, president of BMO
Financial Group, expressed his hope that the Bank of Montreal will soon open its
branch in Shanghai and fully participate in Shanghai's construction of
international financial centers at the earliest
time.
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