Shanghai to lead China offshore finance pilot program; 26 financial institutions signed the direct participation agreements with e-CNY Center International

研报英文原文证据摘录

Shanghai to lead China offshore finance pilot program; 26 financial institutions signed the direct participation agreements with e-CNY Center International

Global Research

18 June 2026ab

Greater China Banks Daily Equities

ChinaShanghai to lead China offshore finance pilot

program; 26 financial institutions signed the Banks

direct participation agreements with e-CNY MayAnalystYan

Center International may.yan@ubs.com+852-2971 7157

Alex Ye

Analyst

Shanghai to lead China offshore finance pilot program S1460522090005

alex.ye@ubs.com

CGTN, Jun 17: PBOC Chair Pan Gongsheng and Vice Chair Zhu Hexin announced a +86 755 2215 8858

series of policy measures at the 2026 Lujiazui Forum, supporting Shanghai to take the

lead in piloting China’s offshore finance service reform. The measures include (i) six Catherine Yang, CFA

domestic banks will conduct offshore RMB forex trading in Shanghai, through the CFETS

S1460526010003

platform; (ii) the floating range for the short-term rate regime will be narrowed to 50bps

catherine-za.yang@ubs.com

(7-day reverse repo rate ± 25bps) from the previous 70bps; (iii) the FIMA RMB repo +86-755-2215 8860

facility will be established to allow central banks and monetary authorities to use top-

Helen Li, CFArated Chinese interbank bonds as collaterals to obtain RMB liquidity; (iv) a new regime is

under design to provide targeted liquidity to non-bank financial institutions; (v) the helen-za.li@ubs.com

interbank market data repository will be established; (vi) the FDI regime will be further +852-2971 6066

simplified to improve foreign investment convenience, with new QDII investment quotas

to be released.

26 financial institutions signed the direct participation agreements with e-CNY

Center International