Shanghai: Explore the introduction of offshore RMB funds from abroad to support domestic technological innovation.

The Shanghai Development and Reform Commission and other departments have issued the "Shanghai Municipality's Measures to Fully Utilize the Direct Financing Function and Further Strengthen Technology Financial Services", which proposes deepening the pilot program for qualified overseas limited partners, leveraging the local resource advantages of state asset fund managers, promoting the "foreign capital internal management" model, and attracting high-quality overseas funds. Exploring the introduction of offshore RMB funds to support domestic technological innovation. For well-established and reputable foreign fund management institutions, promoting the optimization of establishment approval processes, improving foreign exchange fund exchange convenience, and strengthening tax compliance operation guidance.