People's Bank of China Shanghai Headquarters: Guide financial institutions to increase support for key areas and optimize financial measures to promote consumption.

The Shanghai headquarters of the People's Bank of China held a work meeting for the second half of 2025 on August 19. The meeting emphasized the need to push forward financial reform and innovation with greater force. In line with the requirements to support the construction of Shanghai as an international financial center and accelerate the establishment of a globally influential technology innovation hub, they must take on more pioneering tasks, actively engage in forward-looking and innovative research. Policies must be implemented thoroughly. Implement a comprehensive package of monetary policy measures, guide financial institutions to increase their support for key areas. Optimize financial measures to promote consumption. Expand the use of the Renminbi for cross-border transactions. Deepen reforms in the banking and foreign exchange industry. Improve services for managing enterprise currency risk. Regularly improve the convenience of payment services. Efficiently fulfill national functions. Coordinate with the preparation work for the operation of the IMF Shanghai Regional Center. Implement the access and pilot work of the information query management system for beneficiaries. Continuously prevent and resolve financial risks. Establish a financial security coordination mechanism for the Shanghai headquarters. Continuously prevent and resolve risks in key areas and key institutions. Conduct credit ratings for central banks and financial institutions, and cooperate in correcting financial risks in the early stages. Utilize technology to enhance the effectiveness of financial stability tasks.