Shanghai.

Following the foreign-controlled securities firm J.P. Morgan Securities, Lujiazui will welcome two more foreign-funded securities firms. On May 11, 2021, BNP Paribas, Europe's largest commercial bank, and Interactive Brokers, a well-known online securities trader in the United States, signed strategic cooperation memorandums with the Lujiazui Administration Bureau. They plan to officially launch the establishment of foreign securities firms and settle the company in Lujiazui. On April 1, 2020, the China Securities Regulatory Commission canceled the restrictions on foreign shareholding ratios in securities companies and futures companies. The opening up of the capital market has further accelerated, and large overseas commercial banks and leading securities firms have regarded China's domestic market as a strategic highland for future business development.