Central Bank: Develop free trade offshore bonds and optimize upgrade the functions of free trade accounts.

At the 2025 Lujiazui Forum, Pan Gongsheng, the governor of the People's Bank of China, announced the development of free trade offshore bonds. Following the principle of "two markets, two resources" and international standards and regulations, it will broaden the financing channels for Chinese enterprises going global and countries and regions participating in the Belt and Road Initiative. It will optimize and upgrade the functions of free trade accounts to facilitate efficient financing for high-quality enterprises and foreign funds, enhance the levels of liberalization and facilitation of cross-border trade and investment, and support Shanghai in further opening up to the world at a high level.