On September 14, the Bank of Shanghai Foreign Exchange and Cross-border RMB Business Self-Regulatory Mechanism Working Group held a working meeting. Bank leaders from 23 working group banks and heads of relevant departments attended the meeting. Su Yun, member of the Party Committee and Deputy Director of the Shanghai Headquarters of the People's Bank of China and Deputy Director of the Shanghai Branch of the State Administration of Foreign Exchange, attended the meeting and delivered a speech. Deputy Director Su Yun affirmed a series of achievements in 2026, such as supporting the transmission and implementation of foreign exchange policies through a self-regulatory mechanism and building a bank foreign exchange platform. At the same time, he put forward five requirements for the next steps of the self-regulatory mechanism: the first is to focus on the four links of policy training, publicity and interpretation, implementation, and follow-up and effectiveness, and continue to promote the transmission of foreign exchange facilitation policies over a long period of time. The second is to continue to cooperate to guide business entities to establish a risk-neutral exchange rate concept, increase policy transmission to micro, small and medium-sized enterprises, and guide banks under its jurisdiction to strengthen the supply of small currency derivatives and business innovation. Third, continue to promote the quality and expansion of high-level opening-up pilots, and continuously raise the level of facilitation of cross-border trade investment and financing in Shanghai. Increase support for small and medium-sized enterprises, increase the share of small and medium-sized enterprises among high-level and high-quality enterprises, and promote the “Five Major Articles” on capital project service finance to achieve greater results. Fourth, continue to promote fund pool policies, and actively cooperate to promote the orderly implementation of low-version capital pools. Fifth, coordinate development and security to effectively prevent the risk of abnormal cross-border capital flows.

On September 14, the Bank of Shanghai Foreign Exchange and Cross-border RMB Business Self-Regulatory Mechanism Working Group held a working meeting. Bank leaders from 23 working group banks and heads of relevant departments attended the meeting. Su Yun, member of the Party Committee and Deputy Director of the Shanghai Headquarters of the People's Bank of China and Deputy Director of the Shanghai Branch of the State Administration of Foreign Exchange, attended the meeting and delivered a speech. Deputy Director Su Yun affirmed a series of achievements in 2026, such as supporting the transmission and implementation of foreign exchange policies through a self-regulatory mechanism and building a bank foreign exchange platform. At the same time, he put forward five requirements for the next steps of the self-regulatory mechanism: the first is to focus on the four links of policy training, publicity and interpretation, implementation, and follow-up and effectiveness, and continue to promote the transmission of foreign exchange facilitation policies over a long period of time. The second is to continue to cooperate to guide business entities to establish a risk-neutral exchange rate concept, increase policy transmission to micro, small and medium-sized enterprises, and guide banks under its jurisdiction to strengthen the supply of small currency derivatives and business innovation. Third, continue to promote the quality and expansion of high-level opening-up pilots, and continuously raise the level of facilitation of cross-border trade investment and financing in Shanghai. Increase support for small and medium-sized enterprises, increase the share of small and medium-sized enterprises among high-level and high-quality enterprises, and promote the “Five Major Articles” on capital project service finance to achieve greater results. Fourth, continue to promote fund pool policies, and actively cooperate to promote the orderly implementation of low-version capital pools. Fifth, coordinate development and security to effectively prevent the risk of abnormal cross-border capital flows.