Song Management Group announces input to "Financial prosperity Index".

Song Management Group (songmanagementgroup.com) Company News.

Shanghai, 6th May 2001.

Shanghai on Friday signed an agreement to launch the city’s first financial prosperity index. The agreement underscores the city’s determination to become an international financial center by reflecting the development of, and problems with, its financial sector.

The index, which will be based on questionnaire replies and statistical analysis

will track six aspects of the city’s financial industry, including markets, institutions, innovation and environment.

Prosperity reports based on the index will be published twice a year with accompanying news conferences in May and October. Meanwhile, an in-depth report will be issued once a year.

The index will be a supplement to the indexes of the major global financial centers, which typically contain few reflections on the conditions in Shanghai and China. It will enable Shanghai to discover its pluses and minuses and to gain experience from the world’s leading financial centers.

Shanghai has vowed to become a leading international financial center by 2020.

The index marks a fresh effort towards achieving that goal, and comes hot on the heels of Shanghai’s Innovation Center of Computing in Financial Services which was launched last week.

The center is designed to aid the introduction of cutting-edge computer technologies into the city’s financial industry and foster innovation in the sector.

Meanwhile, the long-awaited international board at Shanghai Stock Exchange, which will allow foreign companies to list in Chinese mainland for the first time, is also scheduled to launch later this year, paving the way for the internationalization of the city’s stock market.

Song Management Group will make available both time and resources to help provide as much input as possible. The growth of Shanghai is considered paramount to the companies business plan to achieve medium term goals set by the year 2020.

"Song Management Group is committed to providing world class trading solutions and will strive to search out and deliver investment opportunities along with effective technologies that suit our clients needs and provide satisfactory returns in markets all over the world."

Song Management Group (www.songmanagementgroup.com) is an established Options and Futures third party advisory brokerage company located in Shanghai, China offering full-service and managed commodity brokerage services.

Song Management Group
Shanghai World Financial Center
No. 100 Century Avenue
Pudong, New Area
Shanghai
People's Republic of China
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Telephone numbers:

10-800-712-6888 (North China)
10-800-120-3928 (South China)

PRESS RELEASE INFORMATION:
Andrea Chan
pr@songmanagementgroup.com

Song Management Group (www.songmanagementgroup.com) is an established Options and Futures third party advisory brokerage company located in Shanghai, China offering full-service and managed commodity brokerage services.

Song Management Group
Shanghai World Financial Center
No. 100 Century Avenue
Pudong, New Area
Shanghai
People's Republic of China
--
Telephone numbers:

10-800-712-6888 (North China)
10-800-120-3928 (South China)

This release was published on openPR.