Finance
Shanghai is also well-developed in finance industry. Dated back to 1930s and 1940s, Shanghai used to be the financial center in the Far East. In recent years, a financial system, with central bank as its leader, state-owned banks as its mainstay and co-existence and joint development of various Chinese and foreign financial institutions has come into being here.
There are many domestic banks in Shanghai, such as People's Bank of China Shanghai Branch, Bank of China Shanghai Branch, Industry and Commerce Bank of China Shanghai Branch, Construction Bank of China Shanghai Branch, Communications Bank Shanghai Branch, Agriculture Bank of China Shanghai Branch, Bank of Shanghai and Pudong Development Bank, etc. and also a great deal of security transaction networks. These banks and security transaction networks are all around the lanes and streets of Shanghai, not to mention the numerous ATMs for various credit cards, serving our daily life and consumption with great convenience, and people cannot live without these facilities.
It is worth to mention that many foreign banks have established their Shanghai branches or representative offices and they are now playing eye-catching roles in Shanghai's finance sector. |
