Zhong Guo Zheng Quan Bao·2025-06-18 20:32Group 1 - The People's Bank of China announced eight policy measures to enhance Shanghai's status as an international financial center, including the establishment of a digital RMB international operation center and offshore trade financial service reforms [1][2]. - The establishment of the digital RMB international operation center aims to improve the RMB's position in the international monetary system, facilitate cross-border trade, and lower traditional payment costs [2][3]. - The offshore trade financial service reform pilot in Shanghai's Lingang New Area reflects China's emphasis on international trade and offshore finance, aiming to broaden financing channels for enterprises involved in the Belt and Road Initiative [3][4]. Group 2 - The introduction of structural monetary policy tool innovations in Shanghai includes trials for blockchain credit refinancing and cross-border trade refinancing, which are expected to enhance financing support for foreign trade enterprises [4][5]. - The collaboration between the People's Bank of China and the China Securities Regulatory Commission to promote RMB foreign exchange futures trading is anticipated to create favorable conditions for managing exchange rate risks for financial institutions and enterprises [5][6]. - The development of a diversified foreign exchange market product series is expected to attract more international investors, enhancing market liquidity and activity, while also boosting confidence in holding RMB assets among foreign investors [6].