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PBoC Shanghai Branch Outlines Plan to Deepen Global Asset Management Center on June 2

2026-06-02 07:25:53

According to Jin10, the People's Bank of China's Shanghai branch on June 2 outlined its plan to deepen Shanghai's role as a global asset management center, which the branch views as a key driver for upgrading the city's international financial hub status and facilitating yuan internationalization. The central bank said that a mature and open asset management market can attract global capital to allocate yuan assets, strengthening the currency's pricing, investment, and reserve functions. The branch stated it will continue deepening financial opening, expanding financial market interconnectedness, and improving cross-border financial services to enhance the global appeal of yuan-denominated assets.

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