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Shanghai Mayor Gong Zheng met with Citigroup CEO Jane Fraser

Market IntelWednesday, Nov 20, 2024 8:50 am ET
1min read

Securities Times News: According to the Shanghai Release, Shanghai Mayor Gong Zheng met with Citigroup CEO Jane Fraser today (20th). Gong Zheng said that at present, Shanghai is accelerating the construction of a world-class socialist modern international metropolis with global influence, and the construction of "five centers" is the top priority. Finance is one of the most important core functions of Shanghai, and the total transaction volume of the financial market ranks among the world's cities. Looking to the future, the basic trend of Shanghai's long-term good economic situation and high-quality development has not changed. We will promote the implementation of opening-up initiatives in the financial sector and continue to attract international, headquarters and functional financial institutions, and accelerate the construction of a first-class international financial center. Welcome Citigroup to place more global functions in Shanghai and actively participate in the construction of Shanghai's global asset management center, and use financial services to help Chinese enterprises "go out". At the same time, welcome Citigroup to continue to participate in the Lujiazui Forum. Shanghai will continue to create a first-class business environment with marketization, rule of law and internationalization, and promote the development and growth of various enterprises in Shanghai.

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stanxv
11/20
Citigroup getting cozy with Shanghai could mean more bullish momentum. They're not just eyeing the market, they're diving in. With globalization on the rise, $C looks solid. But let's see how regulatory hurdles play out. It's time to watch this space closely. 😏
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Erica Stone
11/20
Shanghai 🚀 to global financial stratosphere
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Airmang74
11/20
Got a decent stake in $C. Long-term play. Hope they use Shanghai as a base for Asia growth strategy.
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Ok_Secret4642
11/20
Open for business: Shanghai's friendly vibes.
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JRshoe1997
11/20
Shanghai's opening up, Citigroup's on board. Gonna be interesting to see how $C integrates with Shanghai's 'five centers'. 📈
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neurologique
11/20
Citi gets bullish with Shanghai play.
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