According to a report cited by ChainCatcher from Jin10, the People’s Bank of China held its work conference for the second half of 2026 and stressed the need to steadily deepen financial reform and opening-up. The meeting said the central bank will actively carry out central bank currency swap arrangements and local-currency settlement cooperation, support the participation of more overseas institutions in panda bond issuance, advance the construction of the Cross-Border Interbank Payment System for the renminbi, and improve infrastructure for cross-border use of the digital yuan. The readout centered on cross-border settlement, offshore participation, and payments infrastructure.
According to Jin10, the People’s Bank of China held its work conference for the second half of 2026 and said it will steadily deepen financial reform and opening-up.
The meeting said China will actively carry out central bank currency swap arrangements and local-currency settlement cooperation, support more overseas institutions in participating in panda bond issuance, advance the construction of the renminbi cross-border payment system, and improve infrastructure for cross-border use of the digital yuan.
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