In 2009, the central government confirmed the strategic sig-nificance of Shanghai as an internationa! financial center. Until now, Shanghai's financial cluster has attracted more and more foreign banks to establish roots in Shanghai, which has contribut-ed to their rapid development in recent years. The announcement undoubtedly made foreign banks confident of great development potential in the future. But what opportunities could they catch? Also, will this weaken the position of Hong Kong as an interna-tional financial center? China's Foreign Trade invited Ms. Kather-ine Tsang, chief executive officer of Standard Chartered China to share with us her point of view.