Shanghai Head Office of the People's Bank of China: Promote the expansion of the comprehensive reform pilot of offshore trade financial services in the Lingang New Area.

The Shanghai headquarters of the People's Bank of China held a meeting on February 6 to discuss the work of cross-border RMB business in Shanghai in 2026. The meeting emphasized the need to grasp the key points and requirements of the "Fifteen Five" planning proposal, in order to promote the high-quality development of Shanghai's economy and society through the high-quality development of finance. First, adhere to the principle of prioritizing the domestic currency, continuously improve the convenience level of cross-border RMB settlement, facilitate the use of RMB for pricing settlements in various cross-border trade and investment activities, and enhance the international functions of RMB pricing, payment, investment and financing, and reserves. Second, adhere to serving the real economy, continuously enrich the supply of cross-border RMB financial products, improve the professionalism and refinement of financial services, better meet the market demand for transaction settlement, investment and financing, risk management of operating entities, and actively support stable foreign trade and foreign investment. Third, adhere to promoting reform and innovation, promote the expansion of the comprehensive reform pilot of offshore trade finance services in the Lingang New Area, support high-quality enterprises participating in the upgrade pilot of the free trade account function, and fully leverage the policy dividends of the pilot. Fourth, adhere to preventing financial risks, strengthen compliance management, properly handle the relationship between development and security, innovation and compliance, enhance the management and risk prevention capabilities of cross-border fund flows under open conditions, and firmly guard against the bottom line of preventing systemic financial risks.