Core Points - The People's Bank of China announced eight policy measures to enhance the construction of Shanghai as an international financial center [1][2] - Emphasis on global financial governance and the need for a diversified and efficient global financial safety net [1][4] Group 1: Policy Measures - Establishment of an interbank market trading report database to analyze trading data across various financial sub-markets [1] - Creation of an international operation center for digital RMB to promote its internationalization and financial market development [1] - Establishment of personal credit institutions to provide diversified credit products and improve the social credit system [1] - Pilot offshore trade finance services in the Lingang New Area to support offshore trade development [1] - Development of offshore bonds in the free trade zone to expand financing channels for enterprises involved in the Belt and Road Initiative [1] - Optimization of free trade account functions to enhance cross-border trade and investment facilitation [1] - Innovation in structural monetary policy tools in Shanghai, including blockchain credit refinancing and carbon reduction support tools [2] - Collaboration with the CSRC to promote RMB foreign exchange futures trading to improve foreign exchange market product offerings [2] Group 2: Global Financial Governance - Discussion on the need to reduce reliance on a single sovereign currency and promote a multi-polar international monetary system [3] - The potential for Special Drawing Rights (SDR) to serve as a super-sovereign international currency, though facing political and market challenges [3] - The evolution of cross-border payment systems towards diversification, with emerging technologies reshaping traditional payment systems [3] - Current challenges in global financial stability, including fragmented regulatory frameworks and insufficient regulation of non-bank intermediaries [4] - The importance of a strong IMF in maintaining global financial regulatory consistency and authority [4]
★中国人民银行行长潘功胜:实施八项政策举措 进一步推进上海国际金融中心建设
Zheng Quan Shi Bao·2025-07-03 01:55