China Business Now丨PBOC stressed supports for Shanghai in free use of RMB; LPR remained at 3.85%

The People's Bank of China (PBOC) on Tuesday said it will continue to support the construction of Shanghai as an international financial centre, and support Shanghai to take the lead in the free use of RMB. The central bank will further facilitate the free flow of corporate trade and investment funds, explore the free convertibility and free flow of capital in the Lingang Special Area, and build the city into an important hub and bridge between international and domestic markets.