The Action Plan for Developing Offshore Finance in Shanghai International Financial Center, released during the 2026 Lujiazui Forum, outlines strategies to position Shanghai as a leading offshore financial hub.Foreign financial institutions, including Standard Chartered and J.P.Morgan, have expressed confidence in the initiative, citing its potential to reshape the Asia-Pacific offshore financial landscape.

The plan emphasizes expanding offshore trade, bonds, reinsurance, and global treasury management, while long-term goals include e-CNY applications and cross-sector technologies.Officials highlighted regulatory reforms to streamline cross-border transactions and reduce operational costs.Participants also urged policy updates to align with institutional opening-up, such as pilot programs for Hong Kong-compliant businesses.The Shanghai Financial Association pledged to enhance stakeholder coordination to support sustained growth in the city's financial sector.