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China will promote globalization of Shanghai's financial markets: Xi

Stock Markets Nov 03, 2019 07:26AM ET

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China will promote globalization of Shanghai's financial markets: Xi

BEIJING (Reuters) - China's President Xi Jinping said on Sunday that the country will promote the globalization of Shanghai's financial markets through the Belt and Road Initiative, and the city should strive to master the core links of the industry chains.

The financial hub should courageously jump into the ocean of the world's economy and fight the storms to build strong tendons and strengthen the bones, Xi said on a tour in Shanghai ahead of an import fair next week.

The newly expanded free trade zone (FTZ) in the city will serve as a hub to develop the onshore and offshore businesses in a coordinated way and a springboard for corporate overseas ambitions, Xi said.

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Comments (2)

David9 Nov 03, 2019 9:09PM ET

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I told you guys ... China is niw playing in a whole new level. I think President Xi Jing Ping is ready to bring the Economic playoff to China. He is building up an unstoppable team and he will be the New Quarterback for the next decade.

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Justinn Ang Nov 03, 2019 9:02AM ET

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Hong Kong as Global Financial Center will gone.

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Wahab tang Nov 03, 2019 9:02AM ET

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Hangseng must be down then

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Bill Chan Nov 03, 2019 9:02AM ET

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Hong Kong should find job in Shanghai

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Wahab tang Nov 03, 2019 9:02AM ET

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but stocks up like crazy

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Biji Rajaku Nov 03, 2019 9:02AM ET

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I dont think so. the geographic location is more far and not good

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Bill Chan Nov 03, 2019 9:02AM ET

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Now everything digitalized already. Go China, you will supply without using paper note

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