Shanghai aims to be global wealth hub By SHI JING in Shanghai | CHINA DAILY | Updated: 2021-05-26 07:18 Share CLOSE The Lujiazui area of Shanghai has developed into a financial hub during the past three decades. [Photo by Wang Gang/for China Daily] Shanghai's aim to grow into a leading global asset management center will help to better serve the development of the real economy and facilitate China's deepened opening-up in the financial sector, said officials and analysts. Clearer goals to achieve this objective were set out in a guideline issued on Tuesday by the Shanghai municipal government. It says that the city is expected to grow into an important asset management hub in Asia by 2025 and is envisioned to be open and highly international, as well as having a complete ecosystem and key market elements.