Shanghai mayor meets CEO of Toronto Stock Exchange

Shanghai Mayor Ying Yong met Lou Eccleston, CEO of Toronto Stock Exchange, and his delegation on Tuesday.

Ying said as China’s biggest economic center, Shanghai is an important gathering place of domestic and foreign financial institutions, and it’s one of the cities that have the most complete financial market system.

Currently, the city is working hard to build itself into an international financial center that’s compatible with RMB’s international status and China’s economic power. The city introduced 100 measures not long ago to further open up and deepen its financial reforms.

Also, Shanghai has established China’s first financial law court to optimize its financial market’s environment. The city encourages the combination of capital with growing enterprises and hi-tech companies to help the capital market to flourish and the companies to grow.

Toronto Stock Exchange is the world’s important technological capital market and it has so much development experience in the international financial market that Shanghai can learn from. Shanghai hopes to strengthen the cooperation and exchanges with Toronto Stock Exchange to make more headway in building the city into an international financial center, Ying added.

Eccleston said Shanghai’s opening up and reforms in the financial and other industries are globally renowned. Toronto Stock Exchange hopes to exert its advantages and deepen the cooperation and share experiences with Shanghai’s financial institutions and support the city’s efforts in building itself into an international financial city.