Thursday, The McGraw-Hill Companies (MHP) announced that Standard & Poor's or S&P is planning to establish a Greater China headquarters in Shanghai, underscoring the company's commitment to supporting China's growing capital markets, as well as Shanghai's emergence as a leading global financial center. The company said it also intends to expand its existing teams in Hong Kong and Beijing to meet the growing needs of financial market participants in both internationally significant cities.
"As China's largest city and one of the world's leading financial centers, Shanghai has come to epitomize the country's exceptional growth and leadership position in the international economic community. Shanghai is establishing itself as a global center for capital and commerce, and we are excited about the new opportunities Standard & Poor's will have to help China continue to expand and strengthen its growing financial markets," said Harold McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies
Looking ahead, S&P also will look to draw on China's rich talent base to provide data and analytical support for S&P's businesses worldwide. Shanghai offers attractive outsourcing capabilities with a growing pool of multilingual financial professionals that can help S&P grow its regional and global businesses.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.