Shanghai Party chief urges broader cooperation with World Federation of Exchanges

Shanghai Party Secretary Li Qiang met Nandini Sukumar, chief executive officer of the World Federation of Exchanges, and his delegation on June 7.

Li thanked WFE’s support to Shanghai Stock Exchange and its members in China. Li said WFE is one of the world’s most important industry associations and it plays an important role in the global financial management.

As China’s biggest economic center, Shanghai is trying to build itself into an international economic, finance, trade and shipping center as well as a technology and innovation center. During the process, Shanghai will keep improving its financial industry’s openness and the city looks forward to expanding cooperation and sharing experiences with WFE.

This year marks the 40th anniversary of China’s opening-up and reforms and Shanghai will keep making efforts to open up to the outside world. This November, the city will host the China International Import Expo, which is a major step for China to support global trade liberalization and economic globalization. The city welcomes WFE and other member organizations to participate in the CIIE, Li added.

Sukumar said WFE highly values China’s capital markets and Shanghai’s efforts and achievements in building itself into a global financial center have been impressive. WFE is willing to take advantage of its resources, platform effect and global influence among its member organizations to support and advance the capital markets in Shanghai and China.

Zhuge Yujie, secretary-general of the CPC Shanghai Committee, and Wu Qing, vice mayor of Shanghai and chairman of WFE’s board of directors, also attended the meeting.