Central bank unveils 8 major financial policies at Lujiazui Forum

SHANGHAI, June 18, 2025 /PRNewswire/ --A news report from english.shanghai.gov.cn

The 2025 Lujiazui Forum opened in Shanghai on June 18. The two-day session has adopted the theme "Financial opening-up and cooperation for high-quality development in a changing global economy".

At the opening ceremony, the People's Bank of China announced eight major policy initiatives aimed at strengthening financial infrastructure, supporting innovation, and advancing international cooperation.

The measures are as follows:

1. Launch of an interbank market transaction reporting repository

A centralized system will collect and systematically analyze high-frequency transaction data across the interbank bond, currency, derivatives, gold, and bill markets. The system is intended to support financial institutions, macroeconomic policy formulation, and financial market supervision.

2. Establishment of an international digital RMB operations center

The center will facilitate the international use of the digital yuan and support the development of digital financial services and market operations.

3. Creation of a personal credit agency

A new agency will provide diversified and differentiated personal credit reporting products for financial institutions, helping to improve the national credit reporting system.

4. Piloting of offshore trade finance reform in Shanghai's Lin-gang Special Area

The reform will introduce innovative business rules to support the growth of offshore trade in Shanghai.

5. Development of offshore free trade bonds

The initiative follows international market standards and aims to broaden financing channels for Chinese companies expanding abroad and for high-quality enterprises in countries involved in the Belt and Road initiative.

6. Upgrade of free trade account functions

The upgraded mechanism will enable efficient capital interaction between qualified enterprises and international funds, enhancing the liberalization and facilitation of cross-border trade and investment.

7. Piloting of structural monetary policy tools innovation in Shanghai

Pilot initiatives include blockchain-enabled refinancing services for letters of credit in the shipping trade sector, and the expansion of carbon reduction support tools. Shanghai will also explore risk-sharing mechanisms to support private equity firms in issuing technology innovation bonds.

8. Cooperation with the CSRC to advance RMB forex futures trading

The PBOC will work with the China Securities Regulatory Commission to study the development of renminbi foreign exchange futures trading, to expand the range of foreign exchange market products and help financial institutions and foreign trade enterprises better manage exchange rate risks.

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