IN his meeting with Charles Evans, president and CEO of the Federal Reserve Bank of Chicago, on Monday, Mayor Ying Yong congratulated Evans for holding the Shanghai Symposium on OTC Derivatives with co-sponsors People’s Bank of China and the Global Association of Central Counterparties (CCP12).

Ying said Shanghai and Chicago are economic hubs in their respective countries and have cooperated successfully and fruitfully since they became sister cities more than 30 years ago.

Shanghai will become an international financial center compatible with China’s economic strength by reforming and improving its financial market system for the goal of yuan’s internationalization in 2020. The city has introduced incentive policies to attract financial professionals, he said.