More than 100 foreign-funded asset management institutions have now settled in 
Shanghai's Lujiazui Financial City, demonstrating China's further opening-up of 
its financial sector, according to the third Lujiazui Global Asset Management 
Summit held in Shanghai on Monday.

In 2022, Lujiazui Financial City introduced 10 foreign asset management 
institutions or related upstream or downstream enterprises. Financial 
institutions from 13 countries have thus far established 122 foreign asset 
management institutions in the Shanghai financial zone, nine of which are among 
the world's top 10 such institutions, according to Shanghai Lujiazui Financial 
City Authority.

At the summit, the Lujiazui Administration Bureau of China (Shanghai) Pilot 
Free Trade Zone signed a memorandum of cooperation on opening-up with 10 global 
asset management institution.

By 2025, the total number of industry-leading international asset management 
institutions in Lujiazui is expected to exceed 150, said Xiao Jian, director of 
the Lujiazui Administration Bureau of China (Shanghai) Pilot Free Trade Zone.

Source: Shanghai Lujiazui Financial City Authority

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   Caption: Lujiazui Financial City reached strategic cooperation with a group 
of institutions for overseas development.

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   Caption: The 3rd Lujiazui Global Asset Management Summit