On June 18th, the Lujiazui Forum will release major financial policies, focusing on three major directions: Upgrading cross-border payments: piloting a dual track clearing channel of "digital RMB+stablecoin" to reduce foreign exchange costs for small and medium-sized enterprises; Shanghai Hong Kong financial collaboration: jointly establish offshore RMB stablecoin issuance standards, promote asset tokenization (RWA) such as bond REITs Regulatory sandbox expansion: Expand the pilot scope of blockchain cross-border payments to cover the Middle East and 16 ASEAN countries