China ups efforts to build Shanghai into strong international financial center

BEIJING, June 19 (Xinhua) -- China has intensified moves to develop its Shanghai Municipality into a "strong international financial center" as part of the efforts to build up financial strength and promote high-level opening up.

The research bureau of the People's Bank of China (PBOC), the central bank, unveiled a string of measures to improve Shanghai's competitiveness and influence in a statement on Tuesday.<