The Lujiazui Forum in Shanghai kicked off this Wednesday, delivering fresh financial ideas with a youthful twist. Among the major announcements was the plan to set up an "international operations centre" for the digital yuan – a bold step designed to boost the renminbi's global presence. 🚀
Governor Pan Gongsheng led the charge by unveiling this initiative as one of eight innovative financial measures. The forum also highlighted pilot programs in Shanghai aimed at testing new monetary policy tools, underscoring a strong push for reform in the financial arena.
Tech and finance enthusiasts will be excited to learn that regulators are backing the growth of technology companies too. Li Yunze from the NFRA shared details on pilot initiatives like equity investments and merger/acquisition loans, opening fresh pathways for sci-tech finance. 💡
Further fueling the momentum, Wu Qing from the China Securities Regulatory Commission emphasized enhancing the STAR Market's role through a "1+6" policy package which includes launching a sci-tech growth tier and reinstating key listing criteria.
On the investment side, Zhu Hexin revealed that new Qualified Domestic Institutional Investor quotas will soon be assigned, meeting the growing demand for overseas investment opportunities. This dynamic mix of digital innovation and forward-thinking financial policies is set to inspire many young professionals and tech-savvy readers across South and Southeast Asia.
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Lujiazui Forum opens with major financial policy announcements
cgtn.com
