On November 11, the Shanghai Branch of the Bank of China released the “Bank of China Action Plan to Support the Construction of the Shanghai Global Asset Management Center in Shanghai” at the 2026 Shanghai Global Asset Management Forum. The action plan aims to further promote high-quality development in the field of global asset management in Shanghai, strengthen the two-wheel drive of asset management and wealth management, accelerate the internationalization process of RMB, smooth the diversified allocation of domestic and foreign assets, and enhance the global allocation and risk management functions of Shanghai's RMB assets.

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