The People's Bank of China accelerates the preparation of relevant policies to support the construction of Shanghai International Financial Center.

On May 30, the Shanghai government held a press conference to introduce the situation of the 2025 Lujiazui Forum. Li Kexin, Deputy Director of the Office of the People's Bank of China, revealed at the press conference that the People's Bank is accelerating the preparation of relevant policies to support the construction of Shanghai International Financial Center. This year, the People's Bank and the Shanghai government have jointly researched and introduced a series of policy measures to support the construction of Shanghai International Financial Center, with some policies already released. For example, a joint action plan to further enhance the facilitation of cross-border financial services in the Shanghai International Financial Center was unveiled, along with a press conference. Support has been provided for the establishment of a "technology board" for bond markets in Shanghai, the pilot operation of cross-border fund pool business for multinational companies in Shanghai, and the introduction of regulations to promote the development of free trade account business in the China (Shanghai) Pilot Free Trade Zone in Pudong, among others. "There are still some policies that we are intensively promoting," Li Kexin said. Li Kexin also disclosed that the Governor of the People's Bank of China, Pan Gongsheng, will attend the opening ceremony of the forum, deliver an opening speech, and give a keynote speech. In addition, Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, will also attend and deliver a keynote speech.