Shanghai's Lujiazui adds 5 global asset management institutions
Lujiazui has become an important cluster for global asset management institutions in China.
- Lujiazui has become an important cluster for global asset management institutions in China.
- It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.
- More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.
- "Lujiazui is an important gathering place and business expansion place for global asset management institutions in China.