Stay tuned for Shanghai growth story

This is the best of times to be a business reporter in Shanghai.

The city is home to a sizzling stock market that yields a rich crop of stories. The stock market, though hoarding the limelight for months, has not entirely overshadowed other more subtle, but no less important, developments that promise to propel Shanghai into a financial center of international status.

In line with the government development blueprint, the Shanghai Futures Exchange is making significant progress in preparation for the launch of the proposed index futures market later this year.