According to CoinMeta, the Shanghai headquarters of the central bank held a work meeting for the second half of the year on August 4, 2026, emphasizing the need to solidly implement a moderately loose monetary policy and actively encourage financial institutions to explore effective credit demand. The meeting pointed out that it is necessary to make good use of various structural monetary policy tools to promote the continuous effectiveness of the "technology board" in the bond market in Shanghai, and to steadily deepen financial reforms and opening up to the outside world, as well as to build and improve the foreign exchange management system and mechanism. In addition, the meeting also mentioned the implementation of new policies such as high-level opening up of cross-border trade investment and financing, overseas lending, and overseas listings, to enhance the ability of small, medium, and micro enterprises to manage exchange rate risks, to advance the application of digital RMB scenarios and the construction of an ecosystem, to strengthen the crackdown on illegal financial activities, and to comprehensively improve the level of cross-border financial risk monitoring.