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China central bank reform plan targets high-level financial opening-up_我的网站
一 | Responding to an extraordinary wave of public demand, the makers of Dhurandhar, Saregama, Jio Studios and B62 Studios — released the much-awaited track “Ishq Jalakar – Karvaan” earlier than planned. The move follows the explosive success of the film’s trailer, which amassed over 50 million views on YouTube within days of its release on November 18. The haunting qawwali snippet featured in the trailer instantly captured the internet’s attention. Viewers across platforms began clipping and resharing the music, making fan edits, and repeatedly urging the makers to release the full version. As social media filled with reels and tributes, the demand became impossible to ignore — leading the team to bring the track forward. The updated version, which was written by Shashwat Sachdev and Roshan Lal, pays tribute to the essence of Roshan Lal's timeless masterpiece, which is still a major component of Saregama's historical music collection. With the powerful voices of Shashwat Sachdev, Shahzad Ali, Subhadeep Das Chowdhury, and Armaan Khan, the new arrangement combines modern intensity with classic soul. The song's lyrics, written by contemporary author Irshad Kamil and the renowned Sahir Ludhianvi, have a strong emotional impact. The mounting anticipation around Dhurandhar, coupled with the internet’s affection for Ranveer Singh’s commanding presence in the trailer, further pushed the song into viral territory. Fans praised Shashwat Sachdev’s bold reinterpretation, hailing it as a cultural moment even before its official launch. Director Aditya Dhar expressed gratitude and surprise at the response, saying, “What began as a simple sneak peek turned into a wave of unstoppable excitement. We hadn’t planned to release Ishq Jalakar – Karvaan so soon, but the explosive reaction left us no choice. Shashwat has brilliantly reimagined the classic, and we’re thrilled audiences can finally experience the soul of Dhurandhar.” Produced by Jyoti Deshpande and Lokesh Dhar, Dhurandhar releases worldwide on December 5. The music video for Ishq Jalakar – Karvaan is now live on the Saregama Music YouTube channel, with the audio available across all major streaming platforms. Also Read: Haq Director, Suparn Varma Defends Dhurandhar, Says Foreign Movies With Equal Violence Get Applause。
The plan said measures will be taken to "prudently advance high-level financial opening-up," noting efforts will be made to expand the global use of the renminbi in international trade, investment and financing, deepen two-way financial market access, quicken steps to build Shanghai into an international financial center and enhance the role of Hong Kong as a global financial center.
As part of the opening-up drive, the PBOC will enhance the multi-tiered and broad-coverage Cross-Border Interbank Payment System (CIPS) and push forward the development of offshore renminbi markets.
On the domestic monetary policy front, the plan sets out to build a more scientific and robust framework by refining the modern monetary policy system with Chinese characteristics, improving the base-money issuance mechanism, and making better use of both aggregate and structural tools.
It stresses the need to enhance market-based interest rate formation, transmission, and adjustment mechanisms, while allowing the market to play a decisive role in exchange-rate determination and keeping the renminbi broadly stable at a reasonable and equilibrium level.
To fortify financial stability, the central bank will expand the coverage of macro-prudential management, enrich its policy toolkit, and establish a monitoring and evaluation system to mitigate systemic risks in key areas.
A major pillar of the plan is to strengthen the real economy's access to quality financial services. The PBOC has pledged to build a precise and effective policy system to support major strategies, key sectors, and address weak links. This includes developing a financial system tailored to scientific and technological innovation. It also aims to enhance green and low-carbon financing, expand inclusive finance, improve the pension finance system and accelerate digital finance.
Looking ahead to the 2026-2030 period, the PBOC says it will ensure all measures in the plan are executed effectively to boost China's strength in finance and support high-quality economic development.
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