BEIJING, Feb. 29 (Xinhua) -- Pan Gongsheng, governor of the People's Bank of China (PBOC), said PBOC will continuously enhance cross-border trade, investment and financing facilitation measures to support Shanghai in crafting the Renminbi-denominated financial assets allocation center, reported Xinhua Finance on Wednesday.
Pan made the remarks in a meeting held in Shanghai on February 27, stressing that the Chinese central bank will continue to vigorously support Shanghai in building the international financial center and expanding high-level financial opening up.
Reinforcing financial market infrastructure construction, enriching and developing the financial factor market, optimizing functions of the cross-border interbank payment system (CIPS) and widening service coverage of CIPS were also mentioned.
PBOC will strengthen communication with Shanghai in advancing work related to sci-tech finance and green finance and provide supports to the eastern China-located metropolis in boosting digital RMB pilot and exploring and innovating testing of related application scenarios. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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