Hong Kong, Shanghai among the elite
<p><span word="Download">Download</span></p><p><span word="Shanghai">Shanghai</span> <span word="remains">remains</span> <span word="the">the</span> <span word="world">world</span>'<span word="s">s</span> <span word="sixth">sixth</span> <span word="most">most</span> <span word="influential">influential</span> <span word="financial">financial</span> <span word="center">center</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="new">new</span> <span word="index">index</span> <span word="of">of</span> 45 <span word="cities">cities</span>, <span word="while">while</span> <span word="Hong">Hong</span> <span word="Kong">Kong</span> <span word="moved">moved</span> <span word="up">up</span> <span word="the">the</span> <span word="ranks">ranks</span> <span word="to">to</span> <span word="third">third</span> <span word="place">place</span>.</p><p><span word="Shanghai">Shanghai</span> <span word="has">has</span> <span word="made">made</span> <span word="significant">significant</span> <span word="improvements">improvements</span> <span word="in">in</span> <span word="the">the</span> <span word="services">services</span> <span word="it">it</span> <span word="provides">provides</span> <span word="and">and</span> <span word="in">in</span> <span word="the">the</span> <span word="regulatory">regulatory</span> <span word="conditions">conditions</span> <span word="it">it</span> <span word="has">has</span> <span word="in">in</span> <span word="place">place</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="fourth">fourth</span> <span word="Xinhua">Xinhua</span>-<span word="Dow">Dow</span> <span word="Jones">Jones</span> <span word="International">International</span> <span word="Financial">Financial</span> <span word="Centers">Centers</span> <span word="Development">Development</span> <span word="Index">Index</span> <span word="released">released</span> <span word="on">on</span> <span word="Tuesday">Tuesday</span> <span word="in">in</span> <span word="Shanghai">Shanghai</span>.</p><p><span word="Shanghai">Shanghai</span> <span word="has">has</span> <span word="been">been</span> <span word="at">at</span> <span word="the">the</span> <span word="top">top</span> <span word="in">in</span> <span word="the">the</span> <span word="development">development</span> <span word="and">and</span> <span word="growth">growth</span> <span word="indicator">indicator</span> <span word="for">for</span> <span word="four">four</span> <span word="consecutive">consecutive</span> <span word="years">years</span>, <span word="showing">showing</span> <span word="an">an</span> <span word="impressive">impressive</span> <span word="performance">performance</span> <span word="and">and</span> <span word="great">great</span> <span word="potential">potential</span> <span word="for">for</span> <span word="further">further</span> <span word="growth">growth</span>, <span word="the">the</span> <span word="report">report</span> <span word="said">said</span>.</p><p>"<span word="Shanghai">Shanghai</span>'<span word="s">s</span> <span word="pilot">pilot</span> <span word="free">free</span> <span word="trade">trade</span> <span word="zone">zone</span> <span word="will">will</span> <span word="benefit">benefit</span> <span word="the">the</span> <span word="city">city</span>'<span word="s">s</span> <span word="growth">growth</span> <span word="as">as</span> <span word="a">a</span> <span word="financial">financial</span> <span word="center">center</span> <span word="and">and</span> <span word="support">support</span> <span word="its">its</span> <span word="aspirations">aspirations</span> <span word="to">to</span> <span word="become">become</span> <span word="a">a</span> <span word="more">more</span> <span word="influential">influential</span> <span word="international">international</span> <span word="financial">financial</span> <span word="center">center</span>," <span word="said">said</span> <span word="Shen">Shen</span> <span word="Haixiong">Haixiong</span>, <span word="deputy">deputy</span> <span word="editor">editor</span>-<span word="in">in</span>-<span word="chief">chief</span> <span word="of">of</span> <span word="Xinhua">Xinhua</span> <span word="News">News</span> <span word="Agency">Agency</span>.</p><p><span word="Analysts">Analysts</span> <span word="said">said</span> <span word="Shanghai">Shanghai</span>'<span word="s">s</span> <span word="pilot">pilot</span> <span word="program">program</span> <span word="will">will</span> <span word="also">also</span> <span word="upgrade">upgrade</span> <span word="the">the</span> <span word="city">city</span>'<span word="s">s</span> <span word="core">core</span> <span word="competitiveness">competitiveness</span> <span word="and">and</span> <span word="boost">boost</span> <span word="its">its</span> <span word="status">status</span> <span word="as">as</span> <span word="a">a</span> <span word="global">global</span> <span word="financial">financial</span> <span word="trade">trade</span>, <span word="shipping">shipping</span> <span word="and">and</span> <span word="logistics">logistics</span> <span word="hub">hub</span>.</p><p>"<span word="While">While</span> <span word="the">the</span> <span word="initial">initial</span> <span word="set">set</span> <span word="of">of</span> <span word="detailed">detailed</span> <span word="policies">policies</span> <span word="and">and</span> <span word="rules">rules</span> <span word="have">have</span> <span word="yet">yet</span> <span word="to">to</span> <span word="be">be</span> <span word="unveiled">unveiled</span>, <span word="we">we</span> <span word="think">think</span> <span word="the">the</span> <span word="areas">areas</span> <span word="related">related</span> <span word="to">to</span> <span word="financial">financial</span> <span word="innovation">innovation</span>, <span word="reducing">reducing</span> <span word="investment">investment</span> <span word="controls">controls</span> <span word="and">and</span> <span word="approvals">approvals</span>, <span word="simplifying">simplifying</span> <span word="customs">customs</span> <span word="procedures">procedures</span> <span word="and">and</span> <span word="internationally">internationally</span> <span word="competitive">competitive</span> <span word="tax">tax</span> <span word="regimes">regimes</span> <span word="are">are</span> <span word="worth">worth</span> <span word="watching">watching</span>," <span word="said">said</span> <span word="Jian">Jian</span> <span word="Chang">Chang</span>, <span word="an">an</span> <span word="analyst">analyst</span> <span word="at">at</span> <span word="Barclays">Barclays</span> <span word="Research">Research</span>.</p><p>"<span word="Shanghai">Shanghai</span> <span word="has">has</span> <span word="been">been</span> <span word="through">through</span> <span word="hard">hard</span> <span word="times">times</span>. <span word="Its">Its</span> <span word="stable">stable</span> <span word="position">position</span> <span word="in">in</span> <span word="the">the</span> <span word="financial">financial</span> <span word="center">center</span> <span word="list">list</span> <span word="in">in</span> <span word="the">the</span> <span word="last">last</span> <span word="four">four</span> <span word="years">years</span> <span word="is">is</span> <span word="evidence">evidence</span> <span word="of">of</span> <span word="that">that</span>," <span word="said">said</span> <span word="Jiao">Jiao</span> <span word="Ran">Ran</span>, <span word="director">director</span> <span word="of">of</span> <span word="the">the</span> <span word="economic">economic</span> <span word="information">information</span> <span word="department">department</span> <span word="at">at</span> <span word="Xinhua">Xinhua</span>.</p>
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