The 3rd Lujiazui Global Asset Management Summit was held on March 27 at the Shanghai International Convention Center, which is located in Shanghai's Pudong New Area. At the event, a total of 15 solutions were released to solve problems in the asset management industry.

In China's financial system, asset management is the most dynamic field and is expanding quickly. According to the global financial centers index which was released on March 23, Shanghai holds a high position among global financial centers and ranks first in such fields as investment management and trade.

Liu Jun, chairman of the board of directors of Lujiazui financial city, said that as the high-quality development of China continues to progress and the country stays committed to opening-up, Pudong will surely attract more foreign financial institutions and financial talents.

By focusing on such fields as financial institutions, business lines, technologies, the business environment and global cooperation, the 15 solutions aim to utilize the cluster advantage and first mover advantage of financial institutions while optimizing the business environment and cultivating top-notch talents.

At the event, the Administration Bureau of Lujiazui signed a memorandum of cooperation with 10 asset management institutions including Wellington Management and Goldman Sachs Asset Management, the World Federation of Free Trade Zones and Special Economic Zones, and other international organizations and research institutes in the financial sector.

According to Hang Yingwei, head of Pudong New Area, the district will further open up to the global market and develop the financial industry in an innovative way.

The 3rd Lujiazui Global Asset Management Summit kicks off on March 27 at the Shanghai International Convention Center. [Photo/WeChat account: gh_01c6f7b4cf3d]