Le Lézard
Classified in: Science and technology, Business
Subjects: ECO, LIC

Shanghai's Lujiazui adds 5 global asset management institutions


SHANGHAI, March 5, 2024 /PRNewswire/ -- Five global asset management institutions, including Aspect Capital and Schroders Capital, have signed agreements to settle in Shanghai's Lujiazui Financial City, said local authorities.

SHAPE A FUTURE OF MUTUAL SUCCESS IN PUDONG -- 2024 Lujiazui Financial City Global Asset Management Partner Conference

According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free Trade Zone, Lujiazui Financial City has so far attracted more than 8,000 financial institutions.

Lujiazui has become an important cluster for global asset management institutions in China. It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.

More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.  

"Lujiazui is an important gathering place and business expansion place for global asset management institutions in China. We are very honored to have the opportunity to join the Global Asset Management Partner Program. We also hope that through this signing, we can contribute to building Lujiazui into the core area of a global asset management center and accelerating Shanghai's entry into the forefront of global asset management center cities," Li You, Chief Compliance Officer of Aspect Capital (China) Limited.

"Shanghai has made a great stride in pushing for financial openness and attracting more global financial institutions and investors. The next step could be to take advantage the special status of Shanghai Free Trade Zone and Lingang special area to develop an off-shore financial system, adopting the most advanced financial business models and regulatory regimes," said Yan Hong, professor of finance of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.

Photo - https://mma.prnewswire.com/media/2354839/Conference.jpg


These press releases may also interest you

20 avr 2024
Resecurity (USA), a global cybersecurity solutions provider protecting major Fortune 100 corporations and government agencies worldwide, proudly unveils its latest consumer protection offering tailored for the Filipino market: Identity Protection...

20 avr 2024
Telna, a trailblazer in global eSIM connectivity, today announced the divestiture of its KnowRoaming brand to eSimplified. This transfer positions eSimplified?an innovative entity supported by robust private equity and led by fintech and...

20 avr 2024
Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI...

20 avr 2024
Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI...

20 avr 2024
BioArctic AB (publ) today announced that BioArctic AB and Eisai Co., Ltd., have entered into a research evaluation agreement regarding BAN2802, a potential new treatment combining BioArctic's proprietary BrainTransportertm technology with an...

20 avr 2024
OKX, a leading Web3 technology company, today announced that it now supports deposits and withdrawals of ORDI and SATS tokens on the Merlin Chain. This integration expands the range of networks available to OKX users for managing these key Web3...



News published on and distributed by: