Zhu Hexin: The People's Bank of China and the State Administration of Foreign Exchange have approved the plan to upgrade the functions of the free trade accounts in the Shanghai Free Trade Zone.

On June 18, 2025, at the opening ceremony of the Lujiazui Forum, People's Bank of China Deputy Governor and Director of the State Administration of Foreign Exchange, Zhu Hexin, 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 function of 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 continue to strengthen high-quality policy 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 Shanghai International Financial Center.