At the 2025 Lujiazui Forum, Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced eight significant financial policies. First, establish a trade repository for the interbank market. Second, establish an international operation center for the digital yuan. Third, establish personal credit reporting agencies. Fourth, launch a comprehensive reform pilot for offshore trade financial services in the Lingang New Area of Shanghai. Fifth, develop free trade offshore bonds. Sixth, optimize and upgrade the functions of free trade accounts. Seventh, innovate structural monetary policy tools in Shanghai on a "pilot first" basis. Eighth, collaborate with the China Securities Regulatory Commission to study and promote the trading of RMB foreign exchange futures.