The 2026 Lujiazui Forum opened in China's Shanghai on Wednesday morning.
Themed "Financial Development and Cooperation under Global Governance Initiatives: New Vision, New Challenges and New Opportunities," the two-day event features eight plenary sessions covering topics including global financial governance reform and cooperation, capital market improvements, Shanghai-Hong Kong financial synergy and other hot topics in the current economic and financial sectors.
An action plan for developing offshore finance in Shanghai was released at the event, aiming to inject fresh momentum into the city's efforts to build itself into an international financial center.
The plan outlines key measures in areas such as supporting pilot initiatives in offshore finance in the Pudong New Area, capital flows and account management, digital applications, offshore financial services, offshore financial legal framework, offshore financial regulation and risk prevention and control, and the coordinated implementation of these measures.
China's central bank and other regulators also announced financial measures at the forum.
Addressing the opening session, Pan Gongsheng, governor of the People's Bank of China, said the central bank will work to improve the short-term interest rate regulation mechanism, launch a renminbi repo facility for foreign and international monetary authorities, and study the establishment of a macro-prudential liquidity support tool for non-bank financial institutions under specific circumstances.
The central bank will also pilot offshore renminbi foreign exchange trading in the Shanghai free trade zone, and jointly issue an action plan for developing offshore finance in Shanghai with the local government, Pan said.
Moreover, the central bank will officially launch an interbank market data reporting repository, Pan said.
Ding Xiangqun, head of the National Financial Regulatory Administration, urged efforts to strengthen oversight, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions.
Wu Qing, chairman of the China Securities Regulatory Commission, said the organization will continue to deepen reforms of the STAR Market and the ChiNext board, expand the scope of the fifth set of criteria for the STAR Market to include the field of artificial intelligence, implement strategic plans for the development of future industries, and support the listing of tech companies in more fields, such as quantum technology, biomanufacturing, and embodied intelligence.
2026 Lujiazui Forum kicks off in Shanghai
