[The Shanghai Headquarters of the People's Bank of China held a meeting to promote the free trade offshore bond business] On September 24th, the Shanghai headquarters of the People's Bank of China held a meeting to promote the free trade offshore bond business to summarize the results of the pilot project over the past year, study and deploy key tasks in the next stage, and promote the high-quality development of the free trade offshore bond business. The meeting emphasized that free trade offshore bonds are an important reform measure to serve high-level financial opening up, RMB internationalization and the construction of Shanghai as an international financial center. All financial institutions must improve their position, strengthen overall coordination, and work together to promote market construction to a new level. First, continue to expand the scale of issuance and consolidate the foundation for market development. Deeply explore the issuance needs and build a tiered development pattern in which "financial institutions take the lead, entity enterprises follow up, and overseas entities gradually participate". Enrich medium and long-term product supply and stabilize market supply expectations. The second is to broaden investment channels and stimulate market vitality. Make good use of FTU investment policies to attract global investors such as overseas professional institutions, sovereign wealth funds, and international organizations to enter the market; accelerate the construction of secondary markets and improve market liquidity. The third is to focus on serving the real economy and highlight business value. Meet the overseas financing needs of "going global" enterprises, serve the "One Belt and One Road" joint construction of high-quality corporate financing in countries and regions, enhance the influence of RMB asset pricing, and assist the construction of Shanghai's RMB asset global allocation center. The fourth is to deepen market cultivation and strengthen policy publicity. Continue to carry out promotion and publicity for the global market, summarize and promote typical cases, and exert a demonstration effect. The fifth is to coordinate innovation and risk management to keep the bottom line of risk. Risk prevention and control must run through the entire business process to ensure that the free trade offshore bond business operates smoothly on a legal and standardized track.