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Shanghai Municipal Office of Finance Service
06.07.2010
Address: 55 Huangpi Rd N. ( Office hour: 9am to 6pm, Monday to Friday )

Telephone:  sendsend



    Shanghai Municipal Office of Finance Service is established as an institution directly under the municipal government, with its main functions, internal structure and personnel management in accordance with the “Notice of the General Office of the CPC Central Committee and the General Office of the State Council on Printing and Distributing ‘Plan on Reform of Organs of Shanghai Municipal People’s Government’” (Ting Zi [2008] No. 17).

    Main Functions

    1. to implement the laws, rule, regulations, guidelines and policies of the central government regarding the finance work and the construction of Shanghai International Financial Center, cooperate with relevant departments to study to draft the municipal policies, local rules, regulations, and relevant financial policies to promote the construction of the international financial center, and organize to carry out relevant local rules, regulations and policies;

    2. to study to draft the promotion plan of the construction of Shanghai International Financial Center and the medium and long term plan and annual work plan of the development of the municipal financial industry in accordance with the strategic positioning, development goal and major task of the central government on the construction of Shanghai International Financial Center and the municipal overall planning of national economy and social development and organize to carry out these plans;

    3. to improve the service system of various financial institutions and financial talents, study and put forward policy suggestions for introduction of and service for the financial talents, formulate relevant working measures and cooperate with relevant departments to carry out these measures; to enhance the public service for the financial talents and promote the construction of professional capacity certification system of financial talents; to provide the more complete service platform and service measures for the development of various financial institutions in Shanghai; to cooperate with relevant departments to publicize the demand information of financial talent;

    4. to promote the construction of financial market system, cooperate with the national finance administration to promote the construction of currency, foreign exchange, stock, bond, commodity futures, financial derivatives, insurance and gold markets, support the product and tool innovation on the financial market and promote the harmonious development of the financial market; to provide service and support for the infrastructure construction of the registration, trusteeship, liquidation and settlement of the financial market; to promote the system construction of financial institutions and lead to work out relevant policy measures to promote the system construction of financial institutions and cooperate with relevant departments to carry out these policy measures; to encourage and attract the headquarters of domestic and overseas financial institutions and operation centers of large scale financial institutions to gather in Shanghai and enhance the service for financial institutions in Shanghai; to support business innovation by financial institutions and promote the implementation and application of the achievements of financial innovation in Shanghai; to lead to formulate the policy measures to promote the development of shipping finance and cooperate with relevant departments to carry out these policy measures;

    5. to promote the financial service for the local economic and social development, work out the policy measures for promotion of financial service for the municipal economic and social development, guide the financial institutions to increase their support for the municipal social and economic development, and develop the financial products and financial business needed by the municipal economic and social development; to draw out policy measures to effectively utilize guarantee mechanism to enhance the credit support for the development of small and medium sized enterprises and cooperate with relevant departments to carry out these policy measures; to coordinate the construction of the mechanism connecting financial resources with the demand of the local economic and social development, enhance communication and information exchange and promote business cooperation; to support the introduction of commercial insurance mechanism in the local social management;

    6. to take charge of the work of daily supervision and management of the local state-owned financial assets upon entrustment by the state-owned assets administration in accordance with the national laws and rules regarding the management of state-owned financial assets and relevant policies; to put forward suggestions on the overall layout of local state-owned financial assets; to take charge of the management of the financial enterprises under the municipality, promote the improvement of legal-person management system and reform and development of the financial enterprises under the municipality, put forward suggestions to optimize the allocation of local financial resources and strategic restructuring, and cooperate with relevant departments to carry out these suggestions;

    7. to take charge of the daily supervision and management of various newly emerging financial industries under the management of the local government; to take charge of the examine and approval of establishment of the municipal small loan companies and cooperate with the district and county governments to do a good job in daily supervision and management and risk settlement for small loan companies; to cooperate with the relevant municipal departments to jointly study and organize to carry out the policy measures to promote the development of enterprises with equity investment; to cooperate with relevant municipal departments to establish and manage the equity transfer market of non-listing public companies of the municipality under the direction of the national finance administration authorities;

    8. to promote the development of financial intermediary service industry, participate in the formulation of policies and plans for the development of intermediary service institutions closely related to accounting audit, legal service, credit grading, asset evaluation, investment consultation, actuarial assessment and financial information, etc. and cooperate with relevant departments to carry out these policies and plans;

    9. to cooperate with the relevant municipal departments to do a good job in review of listing of the enterprises of the municipality and promote the restructuring and listing of enterprises; to promote the merger, acquisition and reorganization of the municipal listed companies with the capital market;

    10. to cooperate with relevant departments to formulate the layout planning of financial function area, complete the spatial layout of the municipal financial industry, and enhance service and guidance for the financial function area;

    11. to promote regional financial cooperation and coordinate with financial administration authorities to promote the financial cooperation and coordinated development of the Yangtze River delta area; to promote the financial cooperation and exchange between the municipality and other inland regions; to promote the cooperation and communication in financial section between the municipality and Hong Kong SAR, Macau SAR and Taiwan Province; to enhance the communication between the municipality and other international financial center cities; to take charge of the promotion and recommendation of the construction of Shanghai International Financial Center;

    12. to assist and coordinate with the financial administration authorities and relevant municipal departments to reorganize and standardize the financial order, protect the  bank creditor’s rights, fight against various financial criminal activities including illegal fund-raising and illegal securities, etc; to cooperate with financial administration authorities and relevant municipal departments to establish a financial stabilization and coordination mechanism, set up contingency plan and emergency tackling mechanism for financial emergencies, coordinate the prevention and resolution of financial risks, and maintain financial stability and security; to cooperate with relevant municipal departments to promote the construction of a unified trust platform and credit environment of the financial industry;

    13. to undertake other tasks assigned by the municipal government.