Shanghai headquarters of the People's Bank of China: Further expand the coverage of the pilot companies for the free trade account functions.

On June 12th, the Shanghai municipal government held a press conference inviting officials from the Shanghai Municipal Party Committee's Financial Office, the Shanghai headquarters of the People's Bank of China, the Office of the China Banking and Insurance Regulatory Commission, and the Shanghai Securities Regulatory Bureau to introduce the situation of the 2026 Lujiazui Forum. Chen Jiming, Deputy Director of the Shanghai headquarters of the People's Bank of China, stated that in the next step, the Shanghai headquarters of the People's Bank of China will continue to follow the unified deployment of the central bank, continuously promote financial reforms in the free trade zone, and enhance the facilitation level of cross-border trade and investment. This includes expanding the coverage of the free trade account functionality pilot for more high-quality enterprises, expanding the scope of offshore trade financial service comprehensive reform pilot business in the Lingang new area, and exploring the offshore financial system framework to accumulate experience and pave the way for the steady development of offshore finance in Shanghai.