Shanghai mayor: city will learn from intl financial market

Shanghai will learn from international financial markets and strengthen mutual cooperation to achieve its goal of becoming an international financial center, said Ying Yong, mayor of Shanghai, during a meeting with Lou Eccleston, CEO of TMX Group, a Canadian financial services company, on Oct 9.

Ying expected strengthened exchanges and cooperation with TMX Group as the company is considered as a significant player on the international financial markets.

Eccleston said that Shanghai's opening up and innovative measures in the financial sector have drawn global attention, and the company is willing to use its advantages to contribute to the construction of the city as an international financial center.

Shanghai, China's largest economic center, is home to a large number of Chinese and foreign-invested financial institutions. 

In order to further develop its status as an international financial center, the city has carried out various measures, including deepening financial reform and opening up and founding China's first financial court to optimize the environment of its financial markets.

It has also encouraged cooperation between growth enterprises and the capital market to benefit both sides.

TMX Group, headquartered in Toronto, Canada, is best known for its work on stock exchanges including the Toronto Stock Exchange (TSX) and TSX Venture Exchange. It provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.

Ying Yong (R), mayor of Shanghai, meets with Lou Eccleston, CEO of TMX Group, a Canadian financial services company, on Oct 9. [Photo/Knews]