- CNTV English - CCTV News

Shanghai ranks as 8th top financial hub

07-09-2010 13:58 BJT

Watch Video

Play Video

Shanghai is the eighth top financial hub in the world, according to the International Financial Center Development Index. The new index tracks 45 global financial centers and was launched by Xinhua News and Dow Jones Indexes.

Shanghai is well on the way of fulfilling its ambition of becoming the world's leading financial center by 2020. It's also rated as having the most potential, based on indicators of market growth, economic outlook, innovation efforts and prospects.

The city is already home to the Shanghai Stock Exchange, which is expected to be the biggest market on initial public offering this year. It's also host to China's sole gold exchange, foreign currency bourse and the major metals futures exchange.

In order to achieve its 2020 goal, Shanghai will create a multi-layered financial market, promote the opening of financial services and ensure financial stability in the coming years. The index rated New York, London and Tokyo as the world's top three financial hubs.

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program