Hongkou District, which has been playing an important role in SISC construction, is striving to develop its financial service cluster featuring wealth management business, and committed to shouldering the dual responsibilities of being an international financial and shipping center.

At present, Hongkou District has devoted itself to new wealth management business including asset management, equity investment, risk investment and hedge funds, in an effort to help promote the internationalization of Renminbi and gradually develop the wealth management center of China. The latest stats show that there are more than 300 financial enterprises in Hongkou District, four times the number in 2010, including 45 new comers in 2011 and 185 in 2012.

Hongkou District has seen a variety of financial institutions including the new-coming public fund management companies, financial service providers, sunshine private funds and third-party payment platforms, as compared with the business layout dominated by stock exchanges in 2010. With six public fund management companies so far, Hongkou District is second only to Pudong New Area in Shanghai.