China opens Shanghai to offshore finance.
Today's events
Shanghai offshore finance.
The central bank announced an offshore-finance action plan for Shanghai and a pilot for offshore yuan trading, widening the currency's use abroad.1Jun 17 · Central BankJobs-first plan.
The State Council issued an employment-priority plan for the next five years, ordering policy to adapt to artificial intelligence and to protect labor-intensive industries.2Jun 18 · State CouncilMay data.
Industrial output rose 4.5 percent and high-tech manufacturing 15.1 percent, but retail growth stayed weak and property investment fell 16.2 percent.3Jun 16 · Stats BureauCommon prosperity.
Xi marked 30 years of east-west regional cooperation, ordering officials to deepen the model and take “solid steps” toward common prosperity for all.4Jun 17 · State CouncilOutbound investment rule.
A State Council regulation effective July 1 sets tiered, full-process oversight of Chinese overseas investment and ties it to high-quality Belt and Road building.5Jun 15 · State CouncilChina–Myanmar pact.
Xi hosted Myanmar's president for a state visit; a joint statement pledged to speed a “shared-future” community and advance the China–Myanmar Economic Corridor.6Jun 17 · State CouncilGovernance white paper.
China published a white paper on global governance as Foreign Minister Wang Yi launched a “Global Governance Initiative,” which Beijing says nearly 160 countries back.7Jun 17 · Foreign MinistryBank official expelled.
The Agricultural Development Bank's former policy-research chief was expelled from the Party and dismissed over bribery in loan approvals, the anti-graft watchdog said.8Jun 15 · Discipline CommissionCarrier drills.
The Defense Ministry said the Liaoning carrier group is training in the Western Pacific “not targeting any country” and warned against Taiwan-related provocations.9Jun 18 · Defense Ministry
Voices
“Summarize and apply the useful experience of the Fujian–Ningxia partnership… and take solid steps toward common prosperity for all the people.”
Xi Jinping, instruction on east-west cooperation · June 174
“China's economy has shifted from high-speed growth to high-quality development; accordingly, finance now serves it through structural optimization rather than the continuous expansion of aggregate volume.”
Pan Gongsheng, central bank governor, Lujiazui Forum · June 171
“Any activity China carries out at Huangyan Dao, including scientific surveys, is the legitimate right of a sovereign state, and no other country has the right to interfere.”
Lin Jian, Foreign Ministry spokesperson · June 177
“Taiwan independence and cross-Strait peace are as incompatible as fire and water; any attempt to seek independence by force, or by relying on outside powers, is doomed.”
Sr. Col. Zhang Xiaogang, Defense Ministry spokesperson · June 99
“Make high-quality, full employment a priority goal of economic and social development, so that the process of high-quality development becomes one of improving and expanding jobs.”
Employment-Priority Strategy 15th Five-Year Plan · June 172
“He lost his ideals and convictions, betrayed his original mission, and turned public power into a tool for seeking private gain.”
Discipline Commission, ruling on Wu Biao · June 158
Sources
- People's Bank of China, “Governor Pan Gongsheng's Keynote at the 2026 Lujiazui Forum: The Transformation of China's Financial Structure and Financial Market Modernization,” June 17, 2026. pbc.gov.cn/…/pan-gongsheng-lujiazui-keynote
- State Council, “Notice on Issuing the Plan for Implementing the Employment-Priority Strategy (15th Five-Year Plan),” June 17, 2026. gov.cn/zhengce/…/employment-priority-15th-five-year-plan
- National Bureau of Statistics, “National Economy Ran Generally Steady in May, Trending Toward New and Better Quality,” June 16, 2026. stats.gov.cn/sj/…/national-economy-may-2026
- State Council (Xinhua), “Xi Jinping Issues Important Instruction on Normalizing East-West Cooperation,” June 17, 2026. gov.cn/yaowen/…/xi-east-west-cooperation
- State Council, “Regulations on Outbound Investment” (Order No. 837), effective July 1, 2026; published June 15, 2026. gov.cn/zhengce/…/outbound-investment-regulations
- State Council (Xinhua), “Joint Statement of the People's Republic of China and the Republic of the Union of Myanmar on Accelerating the China-Myanmar Community of Shared Future,” June 17, 2026. gov.cn/yaowen/…/china-myanmar-joint-statement
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Lin Jian's Regular Press Conference” (global-governance white paper launch), June 17, 2026. mfa.gov.cn/…/lin-jian-press-conference-jun-17
- Central Commission for Discipline Inspection, “Wu Biao, Former Policy Research Office Director of the Agricultural Development Bank of China, Expelled from the Party and Public Office,” June 15, 2026. ccdi.gov.cn/yaowenn/…/wu-biao-expelled
- Ministry of National Defense, “Defense Ministry Regular Press Conference, Early June 2026” (Spokesperson Zhang Xiaogang), June 2026. mod.gov.cn/gfbw/…/press-conference-early-june