Shanghai has strong economic strength.
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.
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.