An online inauguration ceremony was held on March 20 for JP Morgan Securities (China) Co Ltd, Korean Reinsurance Co Shanghai Branch, Invesco Ruihe (Shanghai) Private Equity Investment Management Co Ltd and Greenlight Global (Shanghai) Assets Management Co.
Waigaoqiao Group Holdings has taken an equity stake in JP Morgan Securities (China) Co Ltd, which is among the first batch of newly-established foreign shareholding joint venture securities companies in China.
The innovative online inauguration ceremony showcases Shanghai’s determination in promoting financial openness despite the novel coronavirus epidemic.
Wu Qing, vice mayor of Shanghai, delivered a speech at the inauguration ceremony. He said that these financial institutes will become a new driving force in Shanghai’s pursuit of becoming an international financial center, especially in the aspects of global assets management and international insurance business.
