Core Insights - The issuance of the first offshore bond under the Shanghai Free Trade Zone (FTZ) policy marks a significant milestone in the development of the offshore bond market in China [1] - The bond, issued by Bank of China Hong Kong Branch, has a total issuance size of 500 million RMB, indicating strong interest from international investors [1] - The successful issuance reflects the commitment of Shanghai Clearing House to enhance the internationalization and digitalization of the financial market [1] Group 1 - The bond issuance was supported by the People's Bank of China and involved multiple overseas investors, showcasing a collaborative effort in the financial sector [1] - The offshore bond strictly adheres to the "two ends abroad, multi-level custody" principle, allowing foreign entities to issue bonds and engage in secondary market transactions [1] - The participation of various international financial institutions, including China Construction Bank (Asia) and Shanghai Pudong Development Bank London Branch, highlights the growing interest in China's offshore financial products [1] Group 2 - The successful issuance is seen as a key achievement in the construction of Shanghai as an international financial center, contributing to the diversification of financial products available in the market [1] - Shanghai Clearing House aims to accelerate the high-quality development of the offshore financial market in the Shanghai FTZ, enhancing the city's financial capabilities [1] - This event is viewed as a pivotal step in expanding the pool of overseas RMB assets, aligning with broader financial market reforms in China [1]

二是做实"五篇大文章"，提高金融服务实体经济质效。提升科技金融工作质效。鼓励在沪金融机构 稳妥有序开展碳金融相关业务，打造国际绿色金融枢纽。大力发展普惠金融、养老金融和数字金融。 为深入贯彻落实党中央、国务院关于加快建设上海国际金融中心的决策部署，进一步增强上海国际 金融中心的竞争力和影响力，以金融高水平开放推动经济高质量发展，金融监管总局会同上海市人民政 府联合印发《关于支持上海国际金融中心建设行动方案》（以下简称《行动方案》）。金融监管总局、 上海市人民政府有关部门负责人就《行动方案》回答了记者提问。 党中央、国务院高度重视上海国际金融中心建设。2023年中央金融工作会议提出"增强上海国际金 融中心的竞争力和影响力"。党的二十届三中全会《中共中央关于进一步全面深化改革 推进中国式现代 化的决定》提出"加快建设上海国际金融中心"。2025年4月29日，驻沪中央金融机构支持上海建设国际 金融中心座谈会在上海召开，中共中央政治局委员、中央金融委员会办公室主任何立峰出席座谈会并讲 话，强调要认真学习深刻领会深入贯彻习近平总书记关于加快建设上海国际金融中心的重要指示批示精 神，全面落实中央金融委近期印发的《关于支持 ...

Core Viewpoint - The article discusses the joint issuance of the "Action Plan to Support the Construction of Shanghai International Financial Center" by the Financial Regulatory Bureau and the Shanghai Municipal Government, aimed at enhancing the competitiveness and influence of Shanghai as an international financial center through high-level financial openness and promoting high-quality economic development [1][2]. Group 1: Financial Institution Development - The plan emphasizes the gathering of financial institutions to enhance financial service functions, encouraging banks and insurance companies to strengthen their presence in Shanghai and support the construction of the international financial center [1]. - It aims to facilitate the establishment of international financial organizations and associations in Shanghai, optimizing the service functions of local financial institutions and promoting collaboration among them [1]. Group 2: Financial Services for the Real Economy - The plan focuses on improving the quality and efficiency of financial services for the real economy, particularly in technology finance, carbon finance, inclusive finance, pension finance, and digital finance [2]. - It encourages financial institutions in Shanghai to explore financial service models tailored to the characteristics of technology enterprises and to participate in international carbon financial pricing [2]. Group 3: Institutional Opening and Internationalization - The plan aims to expand institutional opening and enhance the internationalization of Shanghai's financial industry by aligning with international high-standard trade rules and exploring cross-border loan businesses [2]. - It emphasizes the need to optimize cross-border financial services and promote the development of the Shanghai International Reinsurance Center and shipping insurance [2]. Group 4: Regulatory Improvement - The plan highlights the importance of improving regulatory standards and risk management capabilities of financial institutions in Shanghai, promoting prudent management while supporting financial innovation [3]. - It advocates for a collaborative approach to financial safety and the establishment of a financial risk prevention and disposal mechanism in Shanghai [3]. Group 5: Policy Support and Professional Services - The plan calls for enhancing policy support and improving the level of financial professional services, including the integration of party building with business operations and strengthening legal protections for financial activities [3]. - It supports the establishment of a financial regulatory data center in Shanghai and the development of a new asset management service platform [3].

李云泽前往上海金融监管局调研，强调要扎实推进深入贯彻中央八项规定精神学习教育，一体推进 学查改，严字当头、以学促改、真查实改，为监管工作高质量发展提供坚强作风保障。要深入推进"四 新"工程巩固提升年行动，深化拓展整治形式主义为基层减负，积极营造干事创业的良好氛围。要主动 融入地方经济社会发展大局，坚持与地方同责共担、同题共答、同向发力，推动《关于支持上海国际金 融中心建设行动方案》落实落地，在科技金融、跨境金融等领域积极探索，更好助推上海国际金融中心 建设。 责任编辑：杨喜亭 6月17日，金融监管总局党委书记、局长李云泽赴上海调研，实地考察中国（上海）自由贸易试验 区临港新片区发展情况。强调银行业保险业要深入贯彻落实习近平总书记对临港新片区"五个重要"的指 示精神，在更深层次、更宽领域、以更大力度推进临港新片区金融领域高水平开放，助力打造更具国际 市场竞争力和影响力的特殊经济功能区，不断提升上海国际金融中心能级。 李云泽实地走访上海保险交易所、上海国际再保险登记交易中心，并慰问基层干部职工。他强调要 稳步推进再保险领域制度型开放，充分发挥上海保险交易所金融基础设施作用，以上海国际再保险登记 交易中心建设为抓手 ...

Core Points - The establishment of the People's Bank of China Shanghai Headquarters marks a significant decision to enhance the central banking system and support the construction of Shanghai as an international financial center [1][2] - The Shanghai Headquarters has played a crucial role in implementing innovative reforms and enhancing the competitiveness of Shanghai's international financial center, contributing to national financial reform [3][4] - The Shanghai Headquarters has expanded its national functions while maintaining local responsibilities, distinguishing itself from previous branches [4][5] Group 1: Financial Innovation and Reform - The Shanghai Headquarters has initiated a series of pioneering reforms, including cross-border RMB settlement and the establishment of a free trade account system, significantly contributing to the high-quality development of Shanghai's economy [3][4] - In 2024, the total amount of cross-border RMB payments in Shanghai reached 29.8 trillion yuan, accounting for 47% of the national total, reflecting the deep integration of China's financial system into the global market [3][4] Group 2: Financial Market Opening and International Cooperation - The Shanghai Headquarters has facilitated the entry of 1,170 foreign institutions into the interbank bond market, holding bonds worth 4.23 trillion yuan as of June 2025, enhancing international financial cooperation [6] - The Headquarters has successfully hosted significant international financial meetings and supported the establishment of international financial institutions in Shanghai, thereby increasing its global influence [6] Group 3: Support for the Real Economy - The Shanghai Headquarters has focused on implementing monetary policy effectively, leading to a significant increase in deposits and loans, with the total deposits reaching 22.01 trillion yuan and loans 12.27 trillion yuan by the end of 2024 [7] - Initiatives such as the Shanghai Science and Technology Financial Reform Pilot Zone and the promotion of green finance have been launched to support the development of the real economy [7][8] Group 4: Financial Management and Service Optimization - The Shanghai Headquarters aims to create an optimal financial ecosystem by enhancing payment services and financial infrastructure, including the establishment of one-stop service centers for foreign personnel [8] - The implementation of digital currency trials and blockchain technology for cross-border tax payments reflects the commitment to modernizing financial services [8] Group 5: Financial Risk Prevention - The Shanghai Headquarters prioritizes financial risk prevention through enhanced monitoring and regulatory measures, ensuring the stability of the financial system [9] - The implementation of deposit insurance and coordinated mechanisms for risk prevention and resolution are key strategies to maintain financial security [9] Group 6: Strategic Goals and Future Directions - The central government has set ambitious goals for Shanghai to become a leading international financial center, with a focus on enhancing competitiveness and global influence [10][11] - The Shanghai Headquarters is committed to advancing reforms and innovations in line with national strategies to contribute to the establishment of a strong central bank and financial power [11]

8月1日，在中国人民银行和上海市委金融办大力支持指导下，交通银行香港分行成功以公募方式发行全 球首单上海自贸离岸债，票面利率1.85%，期限3年，获得穆迪A2和惠誉A的债项评级，由中央国债登 记结算有限责任公司托管。交行充分发挥市场独创的"五位一体"自贸离岸债综合金融服务体系优势，通 过上海、香港、澳门和卢森堡等多地高效联动协同，成功吸引来自香港、中东、中美洲等地区的境外优 质投资者踊跃认购。 作为唯一总部在沪的国有大型商业银行，交行一直是上海自贸离岸债市场的见证者、参与者和推动者。 近年来，交行通过构建市场最广泛的自贸离岸债投资者体系，并深化"五位一体"综合金融服务方案内 涵，成功推动多个行业领先：全球首个自贸离岸债境外投资者（交行新加坡分行），首个境外人民币清 算行投资者（交行首尔分行），全球首家金融机构自贸离岸债发行人（交银金租境外子公司）等。这些 创新实践为当下发展"两头在外"上海自贸离岸债业务积累了丰富经验，推动相关业务实现跨越式发展。 此次香港分行公募发行全球首单上海自贸离岸债，标志着交行在探索构建与上海国际金融中心相匹配的 离岸金融体系方面迈出重要一步，助力人民币国际化进程。该业务的成功落地，使 ...

Group 1: Offshore Financial Development - The successful issuance of offshore bonds in Shanghai Free Trade Zone, with a scale of 500 million yuan, supports overseas entities in raising funds in international markets, marking a significant step in the development of offshore RMB bonds [2] - The new pilot scheme for offshore trade finance aims to streamline the settlement process from 2-3 days to "second-level," enhancing competitiveness with established offshore centers like Hong Kong and Singapore [2] - As of July 18, participating offshore trade companies completed 22 transactions with a total cross-border payment of 648 million yuan [2] Group 2: Growth in Offshore Trade - In Q1 2025, the offshore trading volume in the Lingang New Area reached approximately 8.15 billion USD, reflecting a year-on-year growth of 56.67% [3] - The Lingang New Area plans to leverage its offshore trade platform and financial pilot to create a model for global order reception, overseas processing, and settlement in Lingang [3] Group 3: Financial Market Infrastructure - Shanghai is recognized as one of the cities with the most comprehensive global financial factor markets, including stocks, bonds, futures, and gold markets, alongside essential financial infrastructure [4] - Recent regulatory measures have further strengthened Shanghai's position as an international financial center [4] Group 4: Cross-Border RMB Payment System - The CIPS (Cross-Border Interbank Payment System) has launched RMB international letter of credit services, enhancing convenience for enterprises in RMB trade settlements [7] - In the first half of the year, Shanghai's cross-border RMB payment totaled 16.2 trillion yuan, a year-on-year increase of 15%, maintaining its leading position nationally [7] Group 5: Foreign Investment and QDII Expansion - A new batch of QDII (Qualified Domestic Institutional Investor) quotas totaling 3.08 billion USD has been approved, allowing foreign banks to support clients in global asset allocation [8][10] - The expansion of QDII quotas is expected to enhance the ecosystem for capital market flows and inject long-term confidence into the market [10] - Foreign financial institutions are accelerating their presence in Shanghai, with significant investments in various sectors, including insurance and asset management [10]

Group 1: Offshore Financial Development - The successful issuance of offshore bonds in Shanghai Free Trade Zone, with a scale of 500 million yuan, supports overseas entities in raising funds in international markets, marking a significant step in the development of offshore financial services [2] - The new pilot program for offshore trade finance aims to streamline settlement processes, reducing the time from 2-3 days to "second-level" transactions, enhancing competitiveness with established offshore centers like Hong Kong and Singapore [2] - As of July 18, participating offshore trade companies completed 22 transactions with a total cross-border revenue of 648 million yuan [2] Group 2: Growth in Offshore Trade - In Q1 2025, the offshore trading volume in the Lingang New Area reached approximately 8.15 billion USD, reflecting a year-on-year growth of 56.67% [3] - The Lingang New Area plans to leverage its offshore trade platform and financial pilot programs to create a "global order, overseas processing, Lingang settlement" model, aiming to unlock further growth potential in offshore trade [3] Group 3: Financial Market Infrastructure - Shanghai is recognized as one of the cities with the most comprehensive global financial factor markets, including stocks, bonds, futures, and gold markets, alongside essential financial infrastructure [3] - Recent financial management initiatives have strengthened Shanghai's international financial center, enhancing its market and infrastructure [3] Group 4: Capital Market and Foreign Investment - The recent approval of a new batch of Qualified Domestic Institutional Investor (QDII) quotas, totaling 3.08 billion USD, allows foreign banks to support clients in broader global asset allocation [7][8] - Foreign investment institutions are increasingly participating in China's capital market, with foreign entities accounting for about one-third of licensed financial institutions in Shanghai [9] - The expansion of QDII quotas is expected to optimize the ecosystem for capital market flows, injecting long-term confidence into the market [8]

龚正指出，要持续用力深化上海国际金融中心建设。着力推动一批金融改革事项、开放举措平稳落 地，继续加强与中央金融办、中央金融管理部门的沟通协作，落实好中央交给上海的重要事项，更好地 为国家试制度、测压力、探新路。着力强化对科技创新全生命周期的金融支持，聚焦科技型企业全链 条、全生命周期金融服务需求，充分发挥科创金融改革试验区、科技保险创新引领区等重要平台的作 用，更好推动金融支持科创成果产业化。着力做好国际金融中心建设"十五五"研究谋划，科学研判形 势，对标国际一流，坚持开门问策，更好服务金融强国建设。 记者 孟群舒 2025年度市委金融委第二次全体（扩大）会议昨天召开。市委副书记、市长、市委金融委主任龚正 指出，要深入学习、全面贯彻习近平总书记关于党的建设的重要思想、关于金融工作的重要论述和考察 上海重要讲话精神，落实金融系统党的建设工作会议要求，按照中央和市委部署，把党的建设工作抓实 抓细，把政治优势、制度优势转化为金融治理效能，持续强化央地协同、部市协作、上下联动，不断开 创上海国际金融中心建设新局面。 龚正强调，要持续用力抓好上海金融系统党的建设。坚决把党中央对金融工作的集中统一领导不折 不扣落实到位， ...

人民财讯7月29日电，据上海发布，2025年度市委金融委第二次全体(扩大)会议今天(7月29日)召开。市 委副书记、市长、市委金融委主任龚正指出，要持续用力深化上海国际金融中心建设。着力推动一批金 融改革事项、开放举措平稳落地，继续加强与中央金融办、中央金融管理部门的沟通协作，落实好中央 交给上海的重要事项，更好地为国家试制度、测压力、探新路。着力强化对科技创新全生命周期的金融 支持，聚焦科技型企业全链条、全生命周期金融服务需求，充分发挥科创金融改革试验区、科技保险创 新引领区等重要平台的作用，更好推动金融支持科创成果产业化。着力做好国际金融中心建设"十五 五"研究谋划，科学研判形势，对标国际一流，坚持开门问策，更好服务金融强国建设。要持续用力提 升上海金融业对经济增长的贡献度，加大金融支持稳就业、稳企业、稳市场、稳预期力度，提升金融服 务质效，为巩固和增强全市经济回升向好态势多作贡献。同时，牢牢守住不发生系统性金融风险的底 线。 ...