Reform and opening-up has had a major role in the development of Shanghai, and China as a whole. The evidence of this can be seen everywhere, but nowhere is it more obvious than in Lujiazui. The towering skyline of the city’s financial district has become one of the city’s new calling cards.
Financial reforms have been a key part of the success of reform and opening-up. Prime Minister Li Keqiang said that the goal is that in the next few years China will phase in full-license, full-ownership operations for foreign financial institutions.
Source: Money Talks, ICS