Press Release for Media Briefing of the Shanghai Municipal Government on June 12, 2026

2026.06.12

On the afternoon of June 12, the Information Office of Shanghai Municipality held a press briefing. Zhou Xiaoquan, executive deputy director of the Office of the Financial Commission of the CPC Shanghai Municipal Committee, briefed the media on the preparations and key arrangements of the 2026 Lujiazui Forum. Chen Jiming, deputy director of the Shanghai Headquarters of the People’s Bank of China, Yan Jiao, deputy director of the General Office of the National Financial Regulatory Administration and Zhao Guofu, deputy director of the Shanghai Office of the China Securities Regulatory Commission, attended the press briefing and answered questions from reporters. The 2026 Lujiazui Forum will be held from June 17 to 18. Since its inception in 2008, the forum, jointly organized by China’s central financial authorities and the Shanghai Municipal People’s Government, has been successfully convened for sixteen editions. Focusing on major economic and financial issues in China and around the world, the forum brings together senior government officials, leaders from the financial sector, renowned scholars and experts, and other distinguished participants to exchange insights, share perspectives and build consensus. Over the years, it has contributed intellectual support to China’s efforts to build a strong financial sector, advance Shanghai’s development as an international financial center, and promote global financial governance and cooperation. The forum has also served as an important platform for China’s central financial authorities to announce major policy initiatives and communicate authoritative policy messages, providing strong momentum for the development of Shanghai as an international financial center. Through the joint efforts of all stakeholders, the Lujiazui Forum has evolved into a globally influential platform rooted in Shanghai, serving China and engaging the world, with its appeal and impact on global financial governance continuing to grow.Ⅰ. Theme and Agenda of the 2026 Lujiazui ForumIn 2025, President Xi Jinping put forward the Global Governance Initiative, calling for the development of a more just and equitable global governance system and closer international cooperation in building a community with a shared future for mankind. The initiative has contributed Chinese wisdom and solutions to addressing pressing global challenges and injected greater positive momentum into an increasingly complex and uncertain world. As the core of the modern economy, finance plays a vital role in optimizing resource allocation, improving development efficiency and safeguarding economic security. Today, profound changes unseen in a century are accelerating across the world. Geopolitical tensions and uncertainties persist, global economic growth remains subdued, and a new wave of technological and industrial transformation is gathering pace. Against this backdrop, global financial governance faces a range of new challenges. In response to these developments, the theme of the 2026 Lujiazui Forum is “Financial Development and Cooperation under the Global Governance Initiative: New Visions, New Challenges and New Opportunities.” The forum aims to bring together guests from around the world to explore new approaches to global financial governance, identify opportunities amid challenges, and foster cooperation and innovation in a rapidly evolving global landscape.Ⅱ.Preparations for the 2026 Lujiazui ForumThe 2026 Lujiazui Forum is jointly organized 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 forum will be co-chaired on a rotating basis by the head of the National Financial Regulatory Administration and the Mayor of Shanghai. As host city and one of the forum’s organizers, Shanghai attaches great importance to the event’s preparation. Municipal leaders have convened a number of dedicated meetings to review and coordinate key preparatory work and ensure the smooth organization of the forum. Thanks to the concerted efforts of all relevant parties, preparations are progressing steadily and according to plan. All arrangements are being advanced in an orderly manner, and the forum is set to open as scheduled.Ⅲ. Key Highlights of the 2026 Lujiazui ForumThis year’s Lujiazui Forum features three distinctive highlights:a. Distinguished Line-up of SpeakersMore than 70 prominent speakers from China and abroad will share their insights and perspectives at the forum. Participants include representatives from China’s central financial authorities, such as the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission and the State Administration of Foreign Exchange. International participants will include officials from the Monetary Authority of Singapore, the Central Bank of Hungary, Hong Kong’s Financial Secretary’s Office and the City of London, as well as representatives from international financial institutions including the World Bank. Senior executives from major financial markets, including the Shanghai Stock Exchange and Hong Kong Exchanges and Clearing, together with leading domestic and international financial institutions, will also take part.b. Broad and Timely AgendaThe forum will feature eight plenary sessions. In addition to the overarching theme, discussions will focus on seven key topics: reform and cooperation in global financial governance; building a well-functioning capital market; financial collaboration between Shanghai and Hong Kong to support high-level financial opening-up; developing a full-lifecycle technology finance service system to support high-quality growth of the real economy; leveraging technological innovation to advance high-quality financial development; enhancing the effectiveness and precision of inclusive finance; and promoting innovation and cooperation in sustainable finance under the framework of global governance. These topics address many of the most pressing issues facing the global economy and financial sector today.c. Extensive Supporting EventsAlongside the plenary sessions, the forum will host an International Symposium on Financial Rule of Law under the theme “Strengthening Financial Legal Coordination and Rule-Making in a New Global Governance Landscape.” A Sci-Tech Finance Conference will also be held, featuring discussions on topics such as China’s role in the restructuring of global industrial chains, the international expansion of Chinese innovation enterprises and the participation of global capital in China’s innovation ecosystem, and the role of multi-tier capital markets in fostering new quality productive forces. In addition, a series of major project signing ceremonies and policy announcement events will be held during the forum.A strong international financial center is one of the defining pillars of China’s broader goal of becoming a leading financial power. During the 14th Five-Year Plan period, under the strong leadership of the central authorities and the CPC Shanghai Municipal Committee and the Shanghai Municipal Government, and with the guidance and support of China’s central financial regulators, Shanghai has made significant progress in advancing its development as an international financial center, with its influence and functionality continuing to strengthen. Looking ahead to the 15th Five-Year Plan period, Shanghai will accelerate the development as an international financial center, steadily expand institutional financial opening-up, and further enhance the adaptability, competitiveness and inclusiveness of its modern financial system. The city will also deepen alignment with international rules and standards. By 2030, Shanghai aims to become a leading global hub for the allocation of yuan-denominated assets and for financial risk management, laying a solid foundation for the city to develop into a world-class international financial center by 2035 that matches China’s overall national strength and international influence.