Core Viewpoint - The 2025 Lujiazui Forum emphasizes the commitment to building Shanghai as an international financial center through a series of top-level designs, policy documents, and reform ideas, signaling a strong push for financial innovation and openness [2][3]. Group 1: Policy Initiatives - The Central Financial Committee has issued opinions to accelerate the construction of Shanghai as an international financial center, aiming to establish it within five to ten years to match China's comprehensive national strength and international influence [2]. - The People's Bank of China will implement eight measures to support the construction of the Shanghai International Financial Center, focusing on market openness, cross-border trade development, and innovation in financial infrastructure and policy tools [2][3]. Group 2: Capital Market Reforms - The Financial Regulatory Administration plans to release an action plan in collaboration with the Shanghai municipal government, focusing on the aggregation of financial institutions, enhancing regulatory standards, and expanding institutional openness [3][4]. - The China Securities Regulatory Commission (CSRC) will deepen reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market, aiming to create a more favorable capital market ecosystem for comprehensive innovation [3][4]. Group 3: International Financial Integration - The financial management departments will expand the breadth and depth of financial openness, promoting deep reforms in the foreign exchange sector and establishing a mutually beneficial financial development framework [4][5]. - The People's Bank of China will enhance foreign exchange management reforms to improve the convenience of cross-border trade and investment, while also deepening the interconnectivity of financial markets [5].
聚焦创新开放 金融管理部门多策齐发
Shang Hai Zheng Quan Bao·2025-06-18 20:09