Shanghai: Strengthening the infrastructure service function of Renminbi assets.

Notice on the Issuance of "Several Opinions on Deepening the Construction of Shanghai Global Asset Management Center" by the General Office of the People's Government of Shanghai Municipality. The notice pointed out the need to strengthen the service function of RMB asset infrastructure. Relying on the mature interbank bond registration and custody platform, we will establish an overseas RMB bond asset registration and custody agency. We will expand the types of central counterparty clearing businesses such as bonds, interest rates, exchange rates, and credit, and introduce centralized clearing mechanisms into the commodity and carbon finance sectors. We will further improve the resilience and security reliability of key financial infrastructure, ensuring the safety of funds, information, and business continuity. We will actively explore cross-border RMB settlement mechanisms based on emerging technologies such as blockchain and gradually build a digital RMB cross-border financial infrastructure system.