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Shanghai on June 17 released a PBOC-approved plan to expand and upgrade the Lingang New Area offshore financial services pilot. The scope is widened from an offshore-trade single scenario to full-scope offshore business, enabling pilot firms to deepe

2026-06-17

Shanghai on June 17 released a PBOC-approved plan to expand and upgrade the Lingang New Area offshore financial services pilot. The scope is widened from an offshore-trade single scenario to full-scope offshore business, enabling pilot firms to deepen integration into global supply chains and broaden participation in cross-border production, sales and services. The move formalises Lingang’s strategic coordination of onshore and offshore activity and renames the scheme accordingly.

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