According to the national planning and Shanghai policy, if Shanghai is to become a trading center for stocks, foreign exchange, bank cards and gold, the headquarters of China UnionPay will be located in Shanghai. Many state-owned commercial banks and joint-stock commercial banks have set up credit card centers in Shanghai, or set up dual centers in Beijing and Shanghai. For example, Agricultural Bank, China Bank, China Merchants Bank and Industrial Bank, not to mention Shanghai-based Bank of Communications and Shanghai Pudong Development Bank.