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Pan Gongsheng, People's Bank of China
Shanghai, China
June 17, 2026
Verified: June 17, 2026
"PBOC governor Pan Gongsheng announced plans to expand offshore yuan trading and repurchase facilities in Shanghai. Six major Chinese banks are authorized to conduct offshore-yuan foreign-exchange trading in the Shanghai Free Trade Zone. The move aims to promote the yuan's international adoption and improve market liquidity."