Press Release for Media Briefing of the Shanghai Municipal Government on May 30, 2025

2025.05.30

On the morning of today (May 30), the Information Office of Shanghai Municipality held a media briefing. Zhou Xiaoquan, executive deputy director of the Financial Commission Office of the CPC Shanghai Municipal Committee, provided an overview of the upcoming 2025 Lujiazui Forum. Li Kexin, deputy director of the General Office of the People’s Bank of China, Wang Xinze, deputy director of the Shanghai Municipal Financial Regulatory Bureau, and Zhao Guofu, deputy director of the Shanghai Office of the China Securities Regulatory Commission, attended the briefing and answered questions from reporters.The 2025 Lujiazui Forum will take place from June 18 to 19, 2025. Since its inception in 2008, the Lujiazui Forum — jointly organized by the central financial regulatory authorities and the Shanghai Municipal People’s Government — has been successfully held 15 times. Each edition centers on key economic and financial issues, drawing broad participation from senior officials, industry leaders, renowned scholars, and other stakeholders from across sectors, both domestic and international. The forum serves as a platform for thought leadership and consensus-building, contributing valuable insights to the advancement of Shanghai as an international financial center, the development of a strong financial system, and improvements in global financial governance. Today, the Lujiazui Forum stands as one of China’s most authoritative financial events and a leading high-level international platform in the global financial community.I. About the Theme of This Year’s ForumFinancial opening-up is a vital component of China’s broader strategy of opening to the world. A high level of financial openness is essential to achieving high-quality development. In recent years, China has made steady progress in enhancing the connectivity between domestic and international financial markets, attracting foreign financial institutions and long-term capital to operate in China, improving cross-border investment and financing facilitation, and actively participating in international financial regulatory reforms. Notably, China has made significant strides in advancing high-level financial opening-up, with a strong emphasis on institutional reform.Today, the world is undergoing profound changes unseen in a century, and the global economy faces increasing risks and uncertainties. In this context, it is imperative to further promote high-level financial opening-up, improve the efficiency and effectiveness of financial resource allocation, and enhance China’s international competitiveness and influence in global financial rule-making.Against this backdrop, the theme of the 2025 Lujiazui Forum is “Financial Opening-up, Collaboration, and High-Quality Development Amid Global Economic Transformation.” The forum aims to engage stakeholders from various sectors in meaningful dialogue on how to further advance financial reform and opening-up, deepen international financial cooperation, enhance China’s participation in global financial governance, and contribute fresh momentum to global economic growth.II. Forum PreparationThe forum is co-hosted by the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the Shanghai Municipal People’s Government. The Governor of the People’s Bank of China and the Mayor of Shanghai will serve as co-chairs. As both the host city and one of the forum’s organizers, Shanghai places great importance on the event’s preparation. Thanks to the concerted efforts of all parties involved, preparations are progressing smoothly and on schedule, ensuring that the forum will take place as planned.III. Key Features of This Year’s ForumThis year’s forum will be marked by four key features.First, authoritative voices will take center stage. Senior officials from the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government will deliver keynote speeches. In addition, the central financial regulatory authorities are expected to announce several major policy initiatives during the forum.Second, the forum will host a global gathering of distinguished guests. Over 70 prominent speakers from more than 10 countries and regions have been invited to attend and share their insights. These include senior officials from regulatory agencies such as the UK Financial Conduct Authority, the Central Bank of Hungary, the Monetary Authority of Singapore, and the Financial Secretary of Hong Kong; leaders of major financial market institutions including Hong Kong Exchanges and Clearing Limited and Deutsche Börse Group; as well as executives from central financial institutions and leading global financial firms.Third, the forum has a strong focus on open cooperation. The forum will feature eight plenary sessions centered on financial openness and high-quality development. The sessions are as follows: 1. Financial Opening-up, Collaboration, and High-Quality Development Amid Global Economic Transformation; 2. Enhancing the Coordination of Global Monetary Policies; 3. Promoting the Sustained and Stable Development of Capital Markets; 4. Deepening Cooperation Between Shanghai and Hong Kong as International Financial Centers; 5. Financial Support for the Development of New Quality Productive Forces; 6. AI-Empowered Financial Reform and Innovation: Opportunities and Challenges; 7. Improving the Balance and Accessibility of Inclusive Financial Services; and 8.Enhancing Policies, Standards, and Product Systems for Green Finance.Fourth, the forum pays high attention to emerging and high-interest topics. In addition to the plenary sessions, the forum will host three special events focused on cutting-edge issues such as the development of the reinsurance market, financial rule of law, and technology-driven finance. These include: The High-Quality Development of Reinsurance special session; an international seminar on financial rule of law, themed International Practices and Prospects in the Rule of Law for Financial Opening-up and Collaboration; and the Science and Technology Innovation Financial Studio event, which will explore two key topics: 1. Facilitating Capital Flows to Support Hard-Tech Enterprises Through Economic Cycles; and 2. Enhancing Financial Collaboration to Foster Future-Oriented Industrial Clusters.