Issued Measures on Further Promoting the High-Quality Development of Shanghai Free Trade Offshore Bonds

The Shanghai Municipal Committee Financial Work Office and the Shanghai Headquarters of the People's Bank of China issued "Several Measures on Further Promoting the High-Quality Development of Shanghai Offshore Bonds in the China (Shanghai) Pilot Free Trade Zone". By deepening financial institutional opening, following the principle of "two wings outside" and benchmarking international rules and standards, accelerate the high-quality development of free trade offshore bonds facing the international community, further expanding the investment and financing channels for "going global" companies and high-quality enterprises in countries and regions participating in the Belt and Road Initiative. Coordinate development and security, under the premise of holding the risk bottom line firmly, accelerate the establishment of an offshore financial system matching the Shanghai International Financial Center to enhance the competitiveness and influence of the Shanghai International Financial Center.