Zhu Hexin: Continue to increase support for the construction of Shanghai as an international financial center.

On June 18, 2025, at the Lujiazui Forum, Zhu Hexin, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, stated that they will continue to increase support for the construction of Shanghai International Financial Center. Recently, the People's Bank of China and the State Administration of Foreign Exchange approved the upgrade plan for the Free Trade Account functionality in the Shanghai Pilot Free Trade Zone, as well as the comprehensive reform pilot work plan for offshore trade finance services in the Lingang New Area. The next step will be to further strengthen high-quality policies and service supply, support various entities to participate in international competition and cooperation more safely, conveniently, and efficiently, and continuously enhance the competitiveness and influence of the Shanghai International Financial Center.