Core Insights - In 2025, Shanghai's cross-border RMB payment amount exceeded 30 trillion yuan for the first time, reaching 32.4 trillion yuan, a year-on-year increase of 9%, accounting for 46% of the national total [1] - The securities investment category contributed 24.2 trillion yuan, representing over 70% of the total, significantly enhancing Shanghai's status as a global RMB asset allocation center [1] Group 1: Cross-Border RMB Usage - The People's Bank of Shanghai has implemented extensive measures to expand the use of RMB in cross-border transactions, focusing on key enterprises, sectors, and regions [1] - The FT account function upgrade pilot launched on December 5, 2025, has seen participation from 11 banks and 29 enterprises, with a total cross-border payment scale of nearly 50 billion yuan [2] Group 2: Financial Support for the Real Economy - In 2025, Shanghai's social financing scale increased by 1.1632 trillion yuan, a year-on-year increase of 102.1 billion yuan [2] - RMB loans remained the primary source of financing, with an increase of 658.9 billion yuan, accounting for 56.6% of the total financing increment [2] - The weighted average interest rate for newly issued corporate loans in December 2025 was 2.64%, a decrease of 38 basis points from the previous year, marking a historical low [2] Group 3: Foreign Economic Performance - Shanghai's foreign-related economy remained robust in 2025, with total foreign-related receipts and payments reaching 5.66 trillion USD, accounting for over 36% of the national total [3] - The total amount of bank foreign exchange transactions exceeded 1.15 trillion USD, representing over 23% of the national total [3] - The total goods trade balance exceeded 1 trillion USD, with a year-on-year growth of 7.0%, outpacing the national growth rate of 2.6 percentage points [3]