An international financial center is a city or region where a large number of financial institutions and related service industries gather to comprehensively and intensively provide international capital lending, bond issuance, foreign exchange trading, insurance and other financial services.

It can provide the most convenient international financing service, the most effective international payment and settlement system and the most active international financial trading place. The basic characteristics of an international financial center are a complete financial market, a highly intensive service industry and its radiation influence on surrounding areas and even the world.

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In 2020, Shanghai will become an international financial center and the first international financial center dominated by RMB in the world. 2019 065438+1On October 23rd, the Shanghai Municipal Government issued the Action Plan for the Construction of Shanghai International Financial Center (20 18-2020), which put forward requirements for the overall goal.

By 2020, Shanghai will basically establish its position as a global financial market dominated by RMB products, with strong financial resources allocation and radiation capabilities, basically form a fair, legal, innovative, efficient, transparent and open financial service system, basically build an international financial center that is compatible with China's economic strength and the international status of RMB, and step into the forefront of global financial centers.

Baidu encyclopedia-international financial center

People's Network-Shanghai will become an international financial center in 2020.