Dean Jun Qian Attends “Intelligence Convergence Symposium on Construction of Shanghai as an Offshore Financial Center from a Global Perspective” | Info

Release time：2025-10-23    

On the afternoon of October 14^th 2025, the “Intelligence Convergence Symposium on the Construction of Shanghai as an Offshore Financial Center from a Global Perspective” hosted by Guotai Haitong Policy and Industry Research Institute was held in Shanghai and concluded with great success. Jun Qian, Executive Dean of FISF and Professor in Finance, was invited to attend the symposium and gave a speech entitled Theoretical Framework and Chinese Practice of Offshore Financial Centers. Yang Zheng, Member of FISF International Advisory Committee and Vice Chairman of Shanghai State-owned Capital Investment Co., Ltd., and Bo Wang, Senior Researcher at FISF and Executive Deputy Director of the Aviation and Shipping Industry Finance Research Center, were also present.

Jun Qian said that currently RMB internationalization is in a stage transitioning from a trade settlement currency to a reserve currency. China’s financial system needs to establish an offshore RMB market of sufficient scale and enhance liquidity by providing international investors with a diverse range of financial products at both onshore and offshore markets, so that RMB can be established as an internationally attractive “investment currency.” During the early-stage construction of Shanghai Offshore Center, one replicable model is the “segregated account” framework employed by the United States and Japan. Its core principle lies in the strict segregation of offshore and onshore operations, prohibiting the free flow of funds between different accounts.

Qian also specially mentioned the case of Boeing Capital expanding product market share in emerging economies and reinforcing the dominant position of US dollars in the global aviation market through financing services denominated in US dollars. He proposed Shanghai, with its industrial base for manufacturing large aircraft and large ships, should start from the financial leasing business in Belt and Road countries, to elevate the international status of RMB.

Grounded in a global perspective and focused on Shanghai’s practices, this symposium brought about multi-dimensional and in-depth exchanges and deliberations, pooling wisdom, building consensus and charting the course for the construction of Shanghai Offshore Financial Center. It was unanimously believed by all the participating guests that advancing the innovative development of offshore finance at a critical juncture for elevating the standing of Shanghai International Financial Center is not only an inevitable choice in response to the evolving global financial landscape, but more a crucial lever for serving the national strategy of high-standard opening-up and RMB internationalization. In the future, all walks of life shall further strengthen coordination and work together to assist Shanghai in building a new highland for institutional opening-up and establishing a fully functional, secure and efficient offshore financial system with global influence.