On June 17, the 2026 Lujiazui Forum kicked off in Shanghai, centering on the theme of "Financial Development and Cooperation Amidst the Global Governance Initiative: New Perspectives, Challenges, and Opportunities." He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, emphasized that Shanghai will receive support to hasten the creation of a global hub for RMB asset allocation and risk management, with the pertinent work plans currently being meticulously crafted.
