The People’s Bank of China held its work conference for the second half of 2026 and said high-level financial opening has continued to move forward steadily, according to a report cited by ChainCatcher from Jin10. The meeting highlighted a set of policy items tied to cross-border financing and renminbi use.
Among the measures mentioned were optimizing policies for overseas lending by enterprises, overseas loans issued by banks, and cross-border interbank financing in renminbi. The meeting also said an offshore central bank repo tool would be created.
The conference reviewed progress made in the first half of the year. It said panda bond issuance exceeded 160 billion yuan, while construction of the cross-border renminbi payment system posted positive progress. The meeting also referenced support for the development of the international financial centers in Shanghai and Hong Kong, as well as construction tied to Xiong’an New Area and the New International Land-Sea Trade Corridor in western China.
The People’s Bank of China held its work conference for the second half of 2026 and said high-level financial opening is advancing steadily, according to Jin10 in a report cited by ChainCatcher.
The meeting said policy work will focus on optimizing overseas lending by enterprises, overseas loans by banks, and cross-border interbank financing in renminbi. It also called for the creation of an offshore central bank repo tool.
For the first half of the year, the meeting said panda bond issuance exceeded 160 billion yuan. It also said construction of the cross-border renminbi payment system made positive progress, while support continued for the international financial centers in Shanghai and Hong Kong, as well as for Xiong’an New Area and the New International Land-Sea Trade Corridor in western China.
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