Global Asset Management Forum 2024 Highlights Financial Cooperation in Shanghai

In recent years, the importance of financial cooperation for global development has gained significant attention. This was evident at the Global Asset Management Forum 2024, held in the Jing'an District of Shanghai, China, from October 26 to 27. The forum brought together government officials, asset management representatives, and experts from around the world to discuss how financial collaboration can promote common development on a global scale.

Themed "Promoting Global Common Development through Financial Cooperation," the forum served as a high-end communication platform for the asset management sector. It featured a plenary session, three international dialogues, four closed-door meetings, and several sub-forums. During these discussions, executives from renowned global asset management institutions, including Morgan Stanley, the Pictet Group of Switzerland, and PineBridge Investments, engaged in deep exchanges on various topics. These included the development trends of the financial industry, the role of financial services in technological innovation, long-term fund management, ESG (Environmental, Social, and Governance) investment, and the global economic outlook.

One of the key objectives of the forum was to enhance mutual understanding, trust, and cooperation among countries, especially in the face of complex global challenges. Participants explored new paths for the future of long-term fund management, asset management, and wealth management. The discussions highlighted the need for innovative solutions and collaborative efforts to navigate the evolving financial landscape.

Jing'an District, with its robust financial strength and vibrant innovation, is emerging as a critical hub for both domestic and international financial investments. The district is home to over 500 financial entities, spanning various sectors such as securities, asset management, futures, banking, insurance, and funds. In the first half of the year, the financial industry in Jing'an contributed an impressive 30.28 billion yuan (approximately 4.25 billion U.S. dollars) to the district's GDP, marking the largest share among all industries.

Moreover, Jing'an has attracted top private equity firms, as evidenced by those listed in the PEI 300, which ranks the world's largest private equity firms based on their five-year fundraising totals. These firms have chosen to establish their presence in Jing'an, further solidifying the district's status as a financial powerhouse.

Since 2023, Shanghai's financial hub has also been proactive in promoting investment services in major cities like London, Milan, and the United Arab Emirates. These campaigns aim to forge connections with high-quality foreign investment institutions, thereby enhancing the global reach of Jing'an's financial sector.

The discussions at the Global Asset Management Forum 2024 underscore the critical role of financial cooperation in achieving global common development. As countries face unprecedented challenges, fostering collaboration and understanding through financial channels will be essential. The insights shared at this forum not only pave the way for innovative financial strategies but also highlight the importance of building a more interconnected global economy. By working together, nations can create a brighter future for all, ensuring that financial growth benefits everyone.