On May 28, the launching ceremony for 2012 Shanghai Financial Boom Index was held by Shanghai Financial Industry Association. Mr. Shao Yaliang, President of SIG and Deputy Director of Shanghai Financial Industry Association, was present and host the ceremony. Representatives from member companies of the Association, members from Expert Commission and the media also attended. As a member of Expert Commission, the Financial Development Research Institute of SIG attended too.

Shanghai Financial Boom Index is the first such index gauging the activeness in financial sector, which, from six dimensions, namely, Financial Markets, Financial Institutions, Financial Internationalization, Financial Innovation, Financial Talent and Financial Eco-environment, fully assesses and analyzes the development achieved by Shanghai’s financial sector in 2012 and the work done in 2012 on building Shanghai into a financial hub. The report shows that the whole financial sector in Shanghai maintained a healthy growth in 2012. Against 2006 as a base year, the index for the development of Shanghai’s financial sector reached 2838 points, increasing 305 points from the level in 2011 with a growth rate of 12%. Among the increased 305 points, Financial Innovation contributed 162 points, accounting for 53.5% of the increase.

There is a fast growth in the area of Financial Innovation, a highlight of the latest index. Its growth index, a sub-index, getting 6253 points and increased by 54.5% on 2011 with a growth rate of more than 50% for two years in row, is a quite booming aspect. Within this area, breakthrough innovation keeps growing explosively while incremental innovation is growing at a steady pace. There is an accelerated growth in the areas of Financial Markets with the result that its growth index increased by 14.4% on 2011 to 3995 points, an area with a dramatic activeness. In addition, there is a steady growth in the area of Financial Internationalization and a continued growth in the area of Financial Institutions, Financial Eco-environment is optimized gradually and the sub-index for Financial Talent keeps rising.

The 2012 Shanghai Financial Boom Index truly reflects the status quo of Shanghai’s financial sector and new breakthrough in building Shanghai into an international financial hub, and provides significant reference for correctly taking advantage of the trends emerged from the development of the international financial hub in Shanghai during the twelve-fifth period and for speeding up building Shanghai into an international financial hub.