Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interbank market trade-reporting repository; deepen registration-based stock issuance reform and improve routine delisting mechanisms; develop Belt and Road bonds, panda bonds and Yulan bonds; promote futures and derivatives product innovation and pilot RMB

Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interbank market trade-reporting repository; deepen registration-based stock issuance reform and improve routine delisting mechanisms; develop Belt and Road bonds, panda bonds and Yulan bonds; promote futures and derivatives product innovation and pilot RMB FX futures trading; advance a trust-asset registration pilot; deepen the Lingang offshore trade-finance reform pilot; strengthen international reinsurance and global asset-management center functions; raise the international influence of Shanghai prices and indices and key commodity and energy spot/futures; and expand free-trade account functions and applications.