People's Bank of China: further deepen financial opening and innovation in Shanghai Free Trade Zone.

Ji Min, head of the research department of the People's Bank of China, said at a regular press briefing of the State Council on the 4th that on the one hand, Shanghai will further deepen financial opening and innovation in the pilot free trade zone. Eight support policies were announced at the Lujiazui Forum, including the development of free trade offshore bonds, optimization and upgrading of the functions of free trade accounts, and the launch of a comprehensive reform pilot for offshore trade finance services. On the other hand, efforts will be made to replicate and promote the "Shanghai experience" and support the application of innovative measures such as digital RMB in relevant free trade pilot zones, and to promote the optimization of electronic payment services nationwide. This will explore and accumulate more replicable and promotable experiences for the open and innovative development of China's financial sector.