PBOC Governor Pan Gongsheng said at the 2026 Lujiazui Forum that China will launch a pilot for offshore renminbi foreign-exchange trading in the Shanghai Free Trade Zone. According to Ming Pao, Industrial and Commercial Bank of China (1398), Agricultural Bank of China (1288), Bank of China (3988), China Construction Bank (0939), Bank of Communications (3288) and China CITIC Bank (0998) are authorized to use the China Foreign Exchange Trade System platform to conduct offshore RMB FX trading in the zone. Pan said authorities will further promote development of the offshore RMB FX trading market based on the pilot’s results.