at the 2025 Lujiazui Forum, Pan Gongsheng, the governor of the People's Bank of China, announced the establishment of the Digital RMB International Operations Center. Promote the international operation of digital RMB and the development of financial market business, and serve digital financial innovation. Establish a personal credit reporting agency. Provide financial institutions with diversified and differentiated personal credit products to further improve the social credit system. Carry out comprehensive reform pilot projects for offshore trade finance services in the Lingang New Area of Shanghai. Innovate business rules to support Shanghai in developing offshore trade. Develop free trade offshore bonds. Follow the principle of "two ends outside" and international rules and standards, and broaden the financing channels for enterprises going global and high-quality enterprises in countries and regions participating in the Belt and Road Initiative.