Shanghai municipal government office issued a notice laying out measures to
deepen Shanghai as a global asset management center. It directs authorities to
authorize commodity futures settlement prices for use by additional overseas
exchanges, support cross‑border delivery services, and boost the international
transmission of commodity and gold benchmark prices to expand Shanghai Gold
applications. The notice also calls for optimizing the Shanghai sovereign bond
yield‑curve formation mechanism, wider adoption of the Shanghai interbank
offered rate (SHIBOR) and deposit‑taking institutions’ bond repo rates as
financial price indicators, and encouraging foreign investors to use onshore RMB
bond indices and valuations as performance benchmarks and tracking targets.
