Focusing on improving the global financial resource allocation capacity, the core competitiveness of Shanghai's financial market will be further enhanced through opening up.

On March 26th, Shanghai crude oil futures was officially put into operation. After three months of operation, it has become the largest crude oil futures contract in Asia and the third in the world, with 52 global customers from all over the world participating. Shanghai Energy Trading Center has been registered in Hong Kong, and it will be more convenient for foreign investors to participate in domestic futures trading in the future.

The exchange and cooperation center of Shanghai International Exchange is under demonstration and is expected to be established in the third quarter. In addition, the establishment of the "Belt and Road" exchange alliance is also proceeding in an orderly manner. The second phase of the international reinsurance platform was launched, and many overseas reinsurance companies will participate in it in the future. The daily quota of Shanghai-Hong Kong Stock Connect has quadrupled. At present, relevant departments are preparing and promoting the work of "Huluntong" according to the timetable opened during the year. A considerable number of A-share companies in the Shanghai Stock Exchange are included in the Morgan Stanley Capital International Index, which allows international investors to invest in listed companies in China.

Further play the role of "One Belt, One Road" financial services in bridgehead construction. Combine "bringing in" and "going out", attract investment and gather wisdom at the same time, further gather global production factors and serve the "Belt and Road".

Source: People's Daily