华东政法大学李文莉：上海推动自贸离岸债发展，有利于推进人民币国际化进程

Core Viewpoint - The 22nd China International Financial Forum held in Shanghai focuses on building an intelligent financial ecosystem in the digital economy era [1][5] Group 1: Development of Offshore Bonds - Shanghai's advantages in promoting free trade offshore bonds include the formation of a market, evidenced by over 130 billion yuan in offshore bond issuance [3][7] - The integration of FT accounts with offshore bonds, initiated in 2014, has been successfully replicated in other regions like Tianjin, Guangdong, and Shenzhen since 2019 [3][7] Group 2: Significance of Offshore Bonds - Promotes the opening of financial markets by aligning offshore bonds with international rules, facilitating global financial resource aggregation [4][7] - Advances the internationalization of the Renminbi by encouraging the issuance of offshore bonds denominated in Renminbi, meeting global investors' demand for Renminbi assets [4][7] - Supports the construction of a new development pattern characterized by dual circulation, leveraging the free trade zone to connect domestic and international markets [4][7] Group 3: Financial Security and Stability - The Central Clearing Company plays a crucial role in the issuance, registration, custody, clearing, and valuation of offshore bonds, enhancing financial security [8] - The option to designate the Shanghai Financial Court as an arbitration institution helps mitigate jurisdictional risks [8] - This framework allows for better control over the innovation practices of financial market openness, contributing to national financial security and stability [8]