During the opening ceremony of the 2025 Lujiazui Forum held in Shanghai's Pudong New Area on June 18, Pan Gongsheng, governor of the People's Bank of China (PBOC), announced eight significant financial measures aimed at further opening up China's financial sector and promoting international cooperation.

One of the key highlights is the launch of a comprehensive reform pilot for offshore trade financial services in Shanghai's Lin-gang Special Area. The initiative aims to innovate business rules and support the development of offshore trade in Shanghai, thereby enhancing the city's status as an international financial and trade hub.

In addition to the offshore trade financial services reform, the PBOC also proposed several other measures, including establishing a trading repository for the interbank market, setting up an international operation center for digital renminbi, establishing a personal credit reporting agency, developing offshore bonds in free trade zones, optimizing and upgrading free trade account functions, carrying out a pilot program for structural monetary policy tools in Shanghai, and working with the China Securities Regulatory Commission to study the development of renminbi foreign exchange futures trading.