People’s Bank of China officials to address economic support at Lujiazui Forum

China’s most senior financial regulators are converging on Shanghai this week for the Lujiazui Forum, an annual gathering that has historically served as a launchpad for major policy announcements. The two-day event, running June 17-18, will feature People’s Bank of China Governor Pan Gongsheng and Deputy Governor Zhu Hexin as keynote speakers, alongside National Financial Regulatory Administration Minister Ding Xiangqun.

What the forum actually is

The event has been running annually since 2008, co-hosted by key Chinese financial entities, and it regularly attracts a global audience. This year’s edition will feature over 70 speakers from China and abroad.

The guest list extends beyond domestic regulators. Singapore’s Monetary Authority and Hungary’s National Bank are among the international attendees.

Previous editions of the forum have produced tangible outcomes. The Shanghai-London stock connect was announced at a prior Lujiazui Forum. The STAR Market was released in 2019 and the Cross-Border Interbank Payment System (CIPS) was also launched following forum discussions.

The economic backdrop

Shanghai’s cross-border RMB fund pools now exceed 1,600, and the PBOC has provided over 10 billion yuan in refinancing through these channels. That’s roughly $1.4B flowing through cross-border mechanisms that didn’t exist at this scale a few years ago.

Why crypto markets should pay attention

China banned crypto trading in 2021. Previous Lujiazui Forum discussions have touched on stablecoins and their role in the broader financial ecosystem. Any policy signals around expanding e-CNY’s use in cross-border transactions could reshape how digital assets flow in and out of the world’s second-largest economy.

Singapore has been one of Asia’s most active crypto regulatory hubs, and any joint statements or frameworks emerging from conversations between Singapore’s Monetary Authority and the PBOC could have meaningful implications for how digital assets are regulated across the region.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.