What's the big deal this week
What important policies, circulars have been issued
Let's go over it quickly
Leadership care
At the pfs building working session, ho li-chung stressed the importance of following up on the party's central decision-making on strengthening the financial system and deployment of a high-quality party for the development of the financial system
The party construction workshop was held in kyoto on 27 june. The director of the central financial commission and secretary of the central financial services commission attended and addressed the meeting. He stressed the need for the financial system to fully implement the important ideas of general secretary xi on party building and the self-revolution of the party, and to follow up seriously the deployment of party central decision-making on building the party party on strengthening the financial system, with a view to promoting high-quality financial development. It is necessary to continue to strengthen the political process, maintain the political and popular character of the financial sector, and maintain a political orientation and implementation of political demands. It is necessary to deepen the theory of innovation, secure education and training, and strengthen party-building and ideological efforts. It is necessary to strengthen the political and organizational functions of the party organization, to promote the building of a single body and a grass-roots party, and to further streamline the management structure of the local financial institutions. There is a need to build a cadre of hard-core financial staff, to establish a strong human orientation, to strictly implement the system of rotational exchanges, and to strengthen the cadres ' ladders. It is necessary to fight corruption and corruption in a consistent manner, and to ensure that the eight provisions of the central act are thoroughly implemented in a spirit-based manner, that corruption is dealt with in a high-pressure manner and that inspections are continuously carried out to improve normality. It is important to build on party leadership, maintain a risk-proof, well-regulated and high-quality financial agenda and fully support the achievement of the desired economic and social development goals throughout the year。
Institutional developments
2. Successful launch of the digital advertising industry financial services fair in shanghai city for a series of open-source activities on msme financing
On 24 june, a digital advertising industry specialty on financial services was successfully organized in the shanghai city msme financing flows series. The shanghai commission finance office, the pudu district, the municipal finance guarantee centre, the shanghai finance union, the inclusive finance adviser and representatives of 11 enterprises participated。
“holding the money bag and protecting the happy family” - awareness-raising campaign in the area of old age in shanghai was launched in 2025
In order to ensure the protection of the people's “old-age money bag” and to improve the awareness and capacity of the general public, particularly the elderly, to protect themselves against financial risks, on 27 june, the “consistence of the bag to protect the happy family” was held at the china financial information centre at the launch of the non-sensitization campaign in the area of old-age in shanghai in 2025. The event was co-sponsored by the shanghai city council finance office, the shanghai financial supervisory authority, the city public security bureau, the municipal civil administration department, the shanghai city branch of the people's bank, the shanghai sea certification authority and other member organizations of the shanghai city financial risk prevention and management mechanism, and was co-sponsored by the shanghai city financial stability and development research centre, the finance office of the pagoda district council and the shanghai agricultural bank, with the participation of more than 200 representatives of regional governments, trade unions, financial institutions and community residents。
Shanghai financial system information
4. Re-enrichment of products of the certified flagship wide-based index system
The latest data from the cvm network show that the 23rd frenda foundation reported certificates 380etf, 580etf and its linkage fund, and the waqf fund reported certificates 580etf and its linkage fund, which will further enrich the investment tools of the cvsi system and provide investors with more diversified asset allocation options。
5. The fifth standard ipo review of the science board is restarted, and the whale life will meet
On the evening of 24 june, the board issued a communiqué for the review conference, and a meeting of the board was scheduled for 1 july to consider the application for the listing of wuhan-shuon biotechnic co. Ltd., a company to be listed on the board. On 18 june, the chairman of the cvm, wu qing, announced at the luk jia forum that the first company to apply for the fifth standard of the svp would be listed after setting up the growth layer on the board and relaunching the fifth standard for non-profit enterprises。
The bank of shanghai farmers, together with the shanghai university of technology, is building results to transform the new ecology
On 24 june, the shanghai bank of agriculture and industry, together with shanghai university of technology, co-sponsored a donation and cooperation contract and results-conversion eco-cosm launch ceremony, which for the first time launched a “contribution plus” programme of cooperation in the early fields of scientific innovation, such as the transformation of university results, which fully reflects the concept of technological and financial development, “pre-school, scientific and technological, and scientific”。
7. Reits domestic first-class rental housing expansion project listed at the deposit house
On 25 june, the reit expansion project in beijing, china, was listed on the shanghai stock exchange as the country's first successful extended rental housing reits project, marking the further development of a two-wheel-drive “first-and-bid” model for the public collection of reits markets and accelerating progress in the regularization of reits。
8. Improving risk management systems in the pulp industry
On 25 june, the shanghai futures exchange issued a communiqué for public consultation on rubber-copy futures contracts, options contracts and operational rules. As indicated in the previous period, the listing of print paper futures and options will contribute to the upgrading of enterprise risk management capabilities upstream and downstream of the cultural paper chain and will lead producers to implement environmentally friendly processes through contractual arrangements such as grade-selecting and access to certified brands for delivery, and market-driven green low-carbon transformation of the paper industry。
The “art” of science and technology finance is accelerating the flow of inter-bank market first-rate commercial debt
On 26 june, the first issue of the science, technology and innovation (sti) bond in 2025 was launched by chongryon, the first coupon to be issued on the interbank market. Prior to that, five leading dealers in chinese-chinese securities, chinese-chinese gold companies, gutai haitong, china-china-china-china-china-china-china-china securities received approval from the people's bank of china to issue bank-to-bank loans totalling 55. 8 billion yuan。
Deepening the new era of compliance governance, caring financial quality development — fifteenth year of banking compliance
On the afternoon of 27 june, the shanghai city banking association successfully organized its fifteenth annual banking compliance conference. The theme of this annual meeting will be “deepening the governance of compliance in the new era and protecting financial quality”. The president of the shanghai association of banking associations and the chairman of the board of directors of the bank of pufa, zhang zhang chonghuai, attended the meeting and addressed him。
11. Since 28 june, the pilot of bank cards and digital renminbi hard-barrel brushes has been extended to the shanghai track traffic line network
In order to further facilitate the travel of arriving and arriving passengers and to improve the accessibility of the payment for orbital traffic, it is planned to extend the pilot to the full network of orbital traffic (including the municipal domain) starting on saturday (28 june) this week, following the successful pilot bank card on the magnetic line (including the mainstream international card) and the stopper for the digital renminbi. At that time, passengers will pass through the gates with the main chip flash cards, such as the silver union, visa, mastercard, american express, jcb and a variety of mobile phones that meet the financial ic card criteria, or the digital renminbi hard wallets in all their forms that meet the criteria of the people's bank digital monetary institute, and will be able to brush the cards directly across the internet's stations。
12. Work programme for the development of quality in the banking economy of the shanghai old age financial services, published jointly by 10 departments, including the shanghai city branch of the people's bank
In order to further implement the requirements of the party's central government and the state council's decision to respond positively to the ageing of the population, such as the guidance of the state council's general office on the preparation of financial “five articles” and the guidance of the people's bank of china on the quality development of the banking and banking economy, among others, the shanghai branch of the people's bank, the shanghai financial supervisory authority, the municipal finance board, the municipal development and reform commission, the municipal civil administration, the municipal finance authority, the municipal social services board, the municipal health and health board, the shanghai sea certification authority and the municipal health insurance board have recently issued a joint programme of work on the quality development of the banking and financial services economy in shanghai, proposing 14 specific measures around the elderly group of financial services, the main owners of the silver economy and industrial clusters。
13. Seminar on the implementation of the “1+6” policy guarantee agencies for the creation of science and technology
In order to follow up on the party's twenty-third plenary session, the central financial work conference, the central economic work conference and the two national conferences, the new “state 9”, “creative 8” and “1 + 6” policy requirements have been seriously implemented, the “1 + 6” policy has been strengthened, the reform initiatives have been firmly implemented, and the shanghai stock exchange has recently held a thematic symposium to engage with the relevant head-guard agencies and to hear fully the recommendations。
14. The presentation made public comments on the adjustment of the risk-based risk warning limit for stock price increases and related matters
To further improve the stock exchange system, improve pricing efficiency, maintain market transactions order and protect the legitimate interests of investors, under the overall guidance of the csrc, the shanghai stock exchange recently drafted a circular on adjusting the risk-based risk warning limit for stock price increases and related matters (the consultation draft), with a proposed adjustment of the risk-based warning limit for stock prices from 5 per cent to 10 per cent, which would be aligned with other stock-based schedules。
First landing! Shanghai clearing house has built a new corridor to serve the three farmers
The successful start-up of shanghai clearinghouse's first single maize harvest, which extended financial services to the heart of the agro-industrial chain, marked an important breakthrough in the country's financial infrastructure in terms of accurate services to the “triple farmers” and food and feed products。
16. The professional advantage of guo-tai hai-tung contributed to the successful replenishment of capital from the first state-owned corporations. Land
In recent days, quetai haitong has been participating in the state-owned capital replenishment project with full-chain professional services, assisting the transport bank as a sponsoring agency, building the bank with the successful completion of an increase of rmb 120 billion and rmb 105 billion. The successful outcome of the current round of state-owned financing is an important outcome of the state's efforts to launch an incremental package of policies, which is important for building the foundations of the financial system and supporting economic restructuring。
The construction of the shanghai market branch, the financial knowledge bank, to sail the city as a whole: the loss of the power of security and warmth
In recent days, the construction of a branch of the shanghai market has made it possible to launch a banking campaign entitled “financial literacy” in 2025. Focusing on the financial literacy needs of older persons, young people and new citizens groups, and playing a pioneering role as a financial services team, building on social hotspots to create niches and innovatively launching a series of diverse and diverse health-care campaigns。
The first `data value study list for listed companies' was published, accelerating the process of valuing the data of the aided enterprises in shanghai
In recent days, a number of studies, such as the `data value research list for listed companies', have been published at the china business data values summit forum, co-sponsored by the shanghai data exchange and the shanghai school of advanced finance of shanghai university of transport (shanghai/saif)。
Central financial management information
19. The monetary policy committee of the people's bank of china held regular meetings in the second quarter of 2025
The regular meeting was held on 23 june in the second quarter of 2025 (109th total). The meeting analysed the domestic and external economic and financial situation, examined the main lines of monetary policy in the next phase and the related efforts to deepen structural reforms on the financial supply side. The meeting emphasized the need to take a stronger domestic cycle into greater prominence, align aggregate supply with aggregate demand, strengthen macro-policy coordination, use sufficient stock policies, boost incremental policies, fully unleash policy effects, expand domestic demand, stabilize expectations, stimulate dynamism and promote sustained economic recovery。
The meeting was chaired by the president of the people's bank of china and chairman of the monetary policy committee, pan kung-sung, and was attended by the members of the monetary policy committee, li chun-li, liao qian, xing chang, li yunsai, wu qing, kang yi, zhu xue, jiang, wang yiming, huang yiping, and huang haishi。
20. Joint publication by six departments, including the people's bank of china, of " guidance on financial support to boost and expand consumption "
In order to follow up on the party's central and state council decision-making deployments, improve the mechanism for extending long-term consumer efficiency and better meet the demand for financial services in the consumer sector, six departments, namely, the people's bank of china, the national development and reform commission, the ministry of finance, the ministry of commerce, the general directorate of financial supervision and the csrc, have recently issued a joint guidance on financial support for promotion and expansion of consumption. The opinion proposes 19 priority initiatives in six areas, namely, support for capacity-building in consumption, expansion of financial supply in the area of consumption, unlocking the consumption potential of the population, promoting greater efficiency in the supply of consumption, optimizing the consumption environment and guaranteeing policy support。
21. The china people's bank issued a joint implementation programme for the development of inclusive finance in the banking sector
With a view to following up on the spirit of the 20th and 20th sessions of the general finance conference and the spirit of the central financial services conference, the implementation of the state council's opinion on the promotion of inclusive financial quality and development, the state council's office's guidance on the preparation of financial quality five articles, and the deployment of the political and popular aspects of financial work, as well as the effective preparation of inclusive financial articles to better meet the needs of the population and entities for economic diversification and inclusive finance, the general financial supervisory authority and the people's bank of china have jointly issued in recent days a programme for the implementation of inclusive financial quality development in the banking sector, proposing six 16 measures, based on the optimization of the general financial services system, the consolidation of the generalized credit system and the enhancement of its capacity, the strengthening of the general insurance system and the organization of security。
Statistics
22. Reporter li bin, deputy director-general of the national foreign exchange administration, press spokesman, on issues related to chinese external debt data at the end of march 2025 question
In the first quarter of 2025, the country's external debt grew on a small scale, with an optimal currency structure, which remained essentially stable. As at the end of march 2025, our total-calibre external debt (in foreign currency) balance stood at $2451. 4 billion, an increase of $31. 6 billion, or 1. 3 per cent, over the end of 2024. In terms of currency structure, domestic currency external debt accounted for 52 per cent, an increase of 2. 0 percentage points compared with the end of 2024; in terms of term structure, medium- and long-term external debt accounted for 42 per cent, a decrease of 1. 7 percentage points compared with the end of 2024。
23. The national foreign exchange administration published data on the external financial assets liabilities of chinese banking at the end of march 2025
At the end of march 2025, our banking sector had $1698 billion in external financial assets, $1511. 8 billion in external liabilities, $186. 2 billion in net external assets, of which $30. 92 billion was net indebtedness and $49. 54 billion was net foreign currency assets。
24. Foreign institutions held inter-bank market bonds of $4. 35 trillion as at the end of may
According to the latest may 2025 circular on the market for interbank bonds of offshore institutions, issued by the shanghai headquarters of the people's bank of china, as at the end of may 2025, foreign institutions held 4. 35 trillion yuan in interbank bonds, representing approximately 2. 6 per cent of the total interbank bond market custodianship. In may, foreign institutions traded in the inter-bank bond market in the order of rmb 1. 48 trillion, with a daily average of rmb 77. 7 billion。
25. Performance of monetary credit in the long triangle in may 2025
In recent days, the shanghai headquarters of the people's bank of china issued a statement on the functioning of monetary credit in the long triangle in may 2025: rmb loans increased by 22. 19 billion yuan and foreign currency loans by $800 million; rmb deposits increased by 42. 8 billion yuan and foreign currency deposits increased by $10. 4 billion。
26. Publication by the shanghai financial supervisory authority of data on key regulatory indicators for banking insurance in may 2025
Shanghai bank assets and liabilities: at the end of may 2025, the total foreign currency assets balance of the shanghai banking and financial institutions increased by 4. 62 per cent from 27. 03 trillion yuan. The total foreign currency debt balance of the banking institutions in shanghai is 2,582 trillion yuan, an increase of 4. 47 per cent over the same period。
Quality of assets in the banking sector in shanghai: at the end of may 2025, the balance of non-performing loans in foreign currency by banking institutions in shanghai was rmb 12,821 million, and the rate of non-performing loans was 0. 99 per cent。
Data on the main operations of the shanghai insurance industry: between january and may 2025, revenues from the original insurance premiums of the shanghai insurance companies totalled $139,171 million. The total expenditure on the original insurance claims of the shanghai insurance companies was 48,437 million yuan。
