(Yicai Global) May 11 -- The management committee behind Shanghai's financial hub, Lujiazui, has unveiled a bunch of new measures in a bid to support the development of fintech.
The Shanghai Lujiazui Financial and Trade Zone Management Committee held a fintech development conference at Shanghai Tower yesterday, where it announced the update of nine measures it rolled out in 2014 as it looks to form a world-leading fintech center.
Lujiazui aims to combine market and government forces to propel fintech development in Shanghai and make the city even more influential to better serve the Belt and Road Initiative, Chinese President Xi Jinping's 30- to 40-year plan for infrastructure and trade routes across Africa, Asia and Europe.
The nine measures cover fintech applications, incubation, professional services, research and development, risk prevention, communication, recruitment, financial support and international promotion.
Editor: James Boynton