On June 18, in Shanghai, the Governor of the People’s Bank of China announced the implementation of eight policy measures during the opening ceremony of the 2025 Lujiazui Forum.
First, establish an interbank market trading report repository. As a crucial financial infrastructure of financial markets, it will frequently gather and systematically analyze data on interbank bonds, currencies, derivatives, gold, and bills to serve financial institutions, macro-control, and financial market regulation.
Second, establish a digital RMB international operations center. Promote the international operation and financial market development of the digital RMB, serving digital financial innovation.
Third, establish a personal credit agency. Provide diversified and differentiated personal credit products for financial institutions, further improving the social credit system.
Fourth, pilot comprehensive reforms of offshore trade financial services in the Shanghai Lingang New Area. Innovate business rules to support Shanghai in developing offshore trade.
Fifth, develop free trade offshore bonds. Follow the principle of “both ends
