Shanghai commentary
Shanghai, referred to as Shen for short, is the largest economic center and an important international financial center city in China, and is one of the first coastal open cities. Shanghai is located in the east of China, at the mouth of the Yangtze River, facing the Pacific Ocean. By the end of 2020, the administrative division area of Shanghai was 6,340.5 square kilometers, covering 16 districts, and the permanent population of Shanghai was 24,870,900.
In 2020, Shanghai's GDP will reach 3.87 trillion yuan, ranking sixth in the world, and Shanghai's securities market will rank among the top three in terms of fund raising scale, spot gold trading volume and crude oil futures market size. The total transaction volume of Shanghai's financial market reached 2,274.83 trillion yuan, and the transaction volume of many varieties ranked among the top in the world.