Shanghai: China's central bank governor Pan Gongsheng on Wednesday announced six new financial policy measures at the 2026 Lujiazui Forum.
According to Emirates News Agency, Pan, during his speech at the two-day event, stated that the People's Bank of China aims to enhance the short-term interest rate regulation mechanism. Additionally, the bank plans to introduce a renminbi repo facility specifically for foreign and international monetary authorities. The bank will also explore the establishment of a macro-prudential liquidity support tool designed for non-bank financial institutions under certain conditions.
Furthermore, the central bank intends to pilot offshore renminbi foreign exchange trading within the Shanghai free trade zone. In collaboration with the local government, it will issue an action plan to advance offshore finance in Shanghai. Pan also revealed the official launch of an interbank market data reporting repository.