SHANGHAI (VGMG) — China’s top financial regulators outlined a series of policy measures at the 2026 Lujiazui Forum on Wednesday, signaling priorities for monetary policy, capital market reform, and technological innovation support in the year ahead.
The annual forum, themed “Financial Development and Cooperation under Global Governance Initiatives: New Vision, New Challenges and New Opportunities,” brought together leadership from the People’s Bank of China, the China Securities Regulatory Commission, and the National Financial Regulatory Administration.
Monetary Policy Adjustments
The People’s Bank of China announced optimizations to its intraday reverse repurchase operation mechanism, adjusting the operating time window to 15:00-15:30 on working days. The central bank also introduced a new repo tool allowing overseas central banks and monetary authorities to access yuan liquidity using Chinese government bonds as collateral.
Additionally, the central bank authorized six commercial banks to conduct offshore yuan foreign exchange trading trials in the Shanghai Pilot Free Trade Zone, aiming to further internationalize the Chinese currency.
Capital Market Reforms
The securities regulator expanded criteria for the STAR Market’s fifth listing standard to include artificial intelligence large language model companies, facilitating access to capital markets for leading technology firms. The commission also indicated support for hard technology sectors including quantum technology, biomanufacturing, and embodied artificial intelligence to list on the STAR Market.
Further measures include promoting reform of the ChiNext board with enhanced focus on new consumption and modern service industries, while streamlining review processes for mergers, acquisitions, and shelf registration refinancing for qualified listed companies.
Regulatory Framework
Regulators emphasized a three-dimensional supervisory approach combining stable monetary liquidity management, strengthened legal frameworks for licensed financial institutions, and differentiated treatment between genuine technological innovation and market speculation in the AI sector.