Editing Shanghai (section)

===Finance===
[[File:Shanghai Stock Exchange 2.jpg|thumb|The [[Shanghai Stock Exchange]] is one of the largest stock exchanges in the world by market capitalization.]]
Shanghai is a global [[financial center]], ranking first in the whole of Asia & Oceania region and third globally (after New York and London) in the 28th edition of the [[Global Financial Centres Index]],<ref name="GFCI2">{{Cite web|title=GFCI 28 Rank|url=https://www.longfinance.net/programmes/financial-centre-futures/global-financial-centres-index/gfci-28-explore-data/gfci-28-rank/|access-date=27 September 2020|website=Long Finance|archive-date=4 November 2020|archive-url=https://web.archive.org/web/20201104141441/https://www.longfinance.net/programmes/financial-centre-futures/global-financial-centres-index/gfci-28-explore-data/gfci-28-rank/|url-status=live}}</ref> published in September 2020 by [[Z/Yen]] and [[China Development Institute]].<ref>{{Cite web|date=September 2020|title=The Global Financial Centres Index 28|url=https://www.longfinance.net/media/documents/GFCI_28_Full_Report_2020.09.25_v1.1.pdf|access-date=27 September 2020|website=[[Z/Yen]]|pages=1, 2|archive-date=18 January 2021|archive-url=https://web.archive.org/web/20210118104905/https://www.longfinance.net/media/documents/GFCI_28_Full_Report_2020.09.25_v1.1.pdf|url-status=live}}</ref> Shanghai is also a large hub of the Chinese and global technology industry and home to a large startup ecosystem. As of 2021, the city was ranked as the 2nd [[Fintech]] powerhouse in the world after New York City.<ref>{{Cite web|date=March 2021|title=Global Financial Centres Index 29|url=https://www.longfinance.net/media/documents/GFCI_29_Full_Report_2021.03.17_v1.2.pdf|access-date=4 October 2021|website=Z/Yen Group|page=3|quote=New York continues to lead the FinTech ranking, followed by Shanghai, Beijing, Shenzhen, and London|archive-date=18 July 2024|archive-url=https://web.archive.org/web/20240718204719/https://www.longfinance.net/media/documents/GFCI_29_Full_Report_2021.03.17_v1.2.pdf|url-status=live}}</ref>

{{As of|2019||df=}}, the [[Shanghai Stock Exchange]] had a [[market capitalization]] of {{US$|4.02 trillion}}, making it the largest [[stock exchange]] in China and the [[List of stock exchanges|fourth-largest stock exchange]] in the world.<ref>{{Cite web|url=https://www.valuewalk.com/2019/02/top-10-largest-stock-exchanges/|title=Top 10 Largest Stock Exchanges In The World By Market Capitalization|last=Shukla|first=Vikas|date=19 February 2019|website=ValueWalk|language=en-US|access-date=20 October 2019}}{{Dead link|date=July 2023 |bot=InternetArchiveBot |fix-attempted=yes}}</ref> In 2009, the trading volume of six key commodities—including rubber, copper, and zinc—on the [[Shanghai Futures Exchange]] all ranked first globally.<ref>{{cite web |url = http://english.cntv.cn/english/special/news/20110119/109180.shtml |title = The rise of Lujiazui Financial City in Shanghai |publisher = CCTV News – CNTV English |date=19 January 2011 |access-date=17 May 2011 |archive-url=https://web.archive.org/web/20120118232503/http://english.cntv.cn/english/special/news/20110119/109180.shtml |archive-date=18 January 2012 |url-status=dead}}</ref> By the end of 2017, Shanghai had 1,491 financial institutions, of which 251 were foreign-invested.<ref name="hktdc.com">{{cite web|url=http://china-trade-research.hktdc.com/business-news/article/Fast-Facts/SHANGHAI-MUNICIPALITY/ff/en/1/1X000000/1X06BVOR.htm|title=Shanghai: Market Profile|date=29 March 2019|website=HKTDC Research|url-status=live|archive-url=https://web.archive.org/web/20191020060040/http://china-trade-research.hktdc.com/business-news/article/Fast-Facts/SHANGHAI-MUNICIPALITY/ff/en/1/1X000000/1X06BVOR.htm|archive-date=20 October 2019|access-date=20 October 2019}}</ref>

In September 2013, with the backing of Chinese Premier [[Li Keqiang]], the city launched the [[Shanghai Free-Trade Zone]]—the first [[free-trade zone]] in mainland China. The zone introduced a number of pilot reforms designed to incentivize foreign investment. In April 2014, ''[[The Banker]]'' reported that Shanghai "has attracted the highest volumes of financial sector [[foreign direct investment]] in the Asia-Pacific region in the 12 months to the end of January 2014."<ref>{{cite web |url=http://www.thebanker.com/Banker-Data/International-Financial-Centres/Shanghai-top-for-FDI-into-Asia-Pacific |title=Shanghai top for FDI into Asia-Pacific |publisher=The Banker |date=1 April 2014 |access-date=11 April 2014 |archive-url=https://web.archive.org/web/20140709152447/http://www.thebanker.com/Banker-Data/International-Financial-Centres/Shanghai-top-for-FDI-into-Asia-Pacific |archive-date=9 July 2014 |url-status=live}}</ref> In August 2014, ''[[fDi magazine]]'' named Shanghai the "Chinese Province of the Future 2014/15" due to "particularly impressive performances in the Business Friendliness and Connectivity categories, as well as placing second in the Economic Potential and Human Capital and Lifestyle categories."<ref>{{cite web |url=http://www.fdiintelligence.com/Locations/Asia-Pacific/China/Chinese-Provinces-of-the-Future-2014-15 |title=Chinese Provinces of the Future 2014/15 |publisher=[[FDi magazine]] |date=11 August 2014 |access-date=17 September 2014 |archive-url=https://web.archive.org/web/20150206080117/http://www.fdiintelligence.com/Locations/Asia-Pacific/China/Chinese-Provinces-of-the-Future-2014-15 |archive-date=6 February 2015 |url-status=live}}</ref>