First of all, Shanghai has superior geographical conditions.
Since liberation, Shanghai has become an important hub for economic integration at home and abroad. In China, Shanghai affects not only the Yangtze River basin, but also the Taihu Lake basin. The convenience of modern transportation gives full play to the role of Shanghai as a hub, driving almost half of China.
Internationally, Shanghai is located in the west coast of the Pacific Ocean, the center of the Far East, close to East Asia, adjacent to Tokyo, Hong Kong and Singapore or in the same time zone, and has very convenient trade with international financial centers London and new york.
Compared with other big cities in China, Shanghai has a unique geographical location and convenient traffic conditions.
Second, Shanghai's economic strength is strong.
Shanghai is the economic center of China with strong economic strength. Compared with other big cities in China, GDP, total investment in fixed assets, total retail sales of social consumer goods and total foreign trade exports are in a leading position. Shanghai has the function of gathering domestic businesses and radiating the whole country and even overseas, and it deserves to be the financial center of China.
Third, there are huge financial institutions in Shanghai.
Shanghai has many financial market systems, including commercial banks, securities companies, futures companies, financial leasing companies, money brokerage companies, insurance companies, fund management companies, trust companies, bill business centers and so on. Shanghai is the largest gathering place for Chinese and foreign financial institutions, forming a diversified international financial institution system.
Shanghai is not only the richest and most concentrated place of financial products in Chinese mainland, but also the major financial market in the world. With the increasing scale of Shanghai's financial market, it also occupies a certain position in the world.