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Major Chinese Banks Successfully Complete First Offshore RMB FX Pilot Trading in Shanghai FTZ
PBOC Governor Pan Gongsheng announced at the 2026 Lujiazui Forum on June 17 that an offshore RMB foreign exchange trading pilot will be launched in the Shanghai Free Trade Zone, authorizing six banks
Forex Market Two-Way Opening Strengthened: Multiple Banks Launch Offshore RMB Forex Trading
At the 2026 Lujiazui Forum, PBOC Governor Pan Gongsheng announced the launch of offshore RMB forex trading pilots in the Shanghai Free Trade Zone, with six banks approved as the first batch to conduct
Overnight Repo Rate Corridor Narrowed to 50 Basis Points: Monetary Policy Enters Precision Phase
At the 2026 Lujiazui Forum, PBOC Governor Pan Gongsheng announced improvements to the short-end interest rate control mechanism with two key measures: narrowing the temporary overnight repo/reverse re
Major Chinese Banks Announce Offshore RMB Forex Pilot Trading Implementation
To promote two-way opening of the forex market and foster integration between onshore and offshore markets, PBOC Governor Pan Gongsheng announced at the 2026 Lujiazui Forum that ICBC, ABC, BOC, CCB, B
Global Financial Briefing | Friday, June 19, 2026: PBOC Fixing, CFETS RMB Index, MLF, LPR
Core Theme: The United States and Iran have signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz via electronic means, which has now taken effect. U.S. Presi
CICC: Focus on Large Banks and Joint-Stock Banks with Strong International Capabilities
CICC Research believes that on balance, the policies announced at this year's Lujiazui Forum center on risk prevention and expanded opening-up. For banks, offshore finance, digital RMB cross-border ap
RMB Ascends Toward Mainstream Global Reserve Currency Status
The Lujiazui Forum in June has always been a window into China's financial opening-up. On June 17, the 2026 Lujiazui Forum officially opened, with China's top financial regulatory lineup making a coll
CSRC Chairman Wu Qing: Strict Investigation and Punishment of Tech-Name Hype, Concept Speculation, and Market Manipulation
The 2026 Lujiazui Forum opened this morning. Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), delivered a keynote speech titled Further Improving the Coordinated Function of Inv
Pan Gongsheng Announces Sweeping Financial Reform Package: How Big Are the Reform Dividends?
On June 17, a series of heavyweight policies were launched at the 2026 Lujiazui Forum. PBOC Governor Pan Gongsheng announced a sweeping package of forthcoming financial reform measures, covering the o
PBOC Enhances Short-Term Rate Control and Adds Varieties in Due Course: What Is the Deeper Intent?
On June 17, PBOC Governor Pan Gongsheng proposed two measures to improve the short-term interest rate control mechanism at the 2026 Lujiazui Forum: narrowing the operating interest rate range of the t