By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. China pledged stronger support for Shanghai to develop into a global hub for RMB asset allocation, as senior officials set out a series of measures to deepen financial reform and opening up at the 2026 Lujiazui Forum that opened in Shanghai on June 17. Speaking at the opening ceremony of the two-day forum, Chinese Vice-Premier He Lifeng said China will continue to follow the development path of finance with Chinese characteristics, implement the 15th Five Year Plan (2026-2030), and work to stabilize the global economy. He said China will further open its financial sector to international institutions, safeguard financial security, and promote global financial governance cooperation through multilateralism and win-win outcomes. He added that China will support Shanghai in piloting offshore financial business, accelerating its role as a global hub for RMB asset allocation and risk management, streamlining cross border investment, and expanding financial services such as shipping insurance to strengthen international competitiveness.
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