Li Qian, the Party Secretary of Hongkou District, met with Qi Xiang, the Party Secretary and Director of the Shanghai Bureau of the National Financial Regulatory Administration, along with his delegation on November 25.
The meeting focused on further strengthening cooperation between the district and the financial regulatory body to drive regional development and economic vitality.
Li Qian expressed his gratitude to the Shanghai Financial Regulatory Bureau for its long-standing support of Hongkou's initiatives.
He highlighted that Hongkou District is committed to advancing the development of the North Bund as a new urban benchmark, aligning with the city's strategic goals to showcase the modernization of China.
In recent years, Hongkou has used the growth of the North Bund area as a catalyst to integrate into the construction of Shanghai as an international financial center, with finance emerging as a leading industry for the district.
Li emphasized the importance of further cooperation with the Shanghai Financial Regulatory Bureau in key areas such as promoting regional financial growth, advancing green finance, mitigating financial risks, enhancing platform collaborations, and joint efforts in Party building.
He underscored the need for continued financial support to better stimulate the region's development potential.
Qi Xiang acknowledged the significant progress that Hongkou has made in creating a favorable financial ecosystem for various financial institutions operating in the city.
He commended the long-term successful partnership between the Shanghai Financial Regulatory Bureau and Hongkou, noting the fruitful results of their collaboration thus far.
Looking ahead, Qi expressed optimism about the broader prospects for cooperation, especially in areas such as financial element aggregation, wealth management, green finance innovation, and the strengthening of Party building efforts.
He proposed deepening communication and coordination to inject more momentum into the region's economic development.