Not Now, Maybe Later: Shanghai as an International Financial Centre - 拭目以待:上海成为国际金融中心 Go back »

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    Finance and Taxation Working Group / Forum


12th December 2019, Shanghai— A survey released today by the European Union Chamber of Commerce in China reveals that although Shanghai’s financial ecosystem has made positive advances in recent years, the city will not reach its goal of becoming an international financial centre by 2020. The main issues holding Shanghai back are the continuation of capital controls, the lack of renminbi (RMB) convertibility, several ongoing regulatory issues and low internationalisation.

Press release