Core Viewpoint - The People's Bank of China has released a draft notice regarding the cross-border interbank financing business in RMB, aiming to support domestic banks in conducting this business in accordance with market demand and under principles of legality, compliance, and risk control [1] Group 1: Regulatory Framework - The draft notice encourages domestic banks, including state-owned banks, foreign-owned banks, and joint-venture banks, to manage cross-border interbank financing under unified management by their headquarters [1] - It emphasizes the principle of substance over form, requiring all RMB cross-border interbank financing activities to be included in the management scope [1] Group 2: Risk Management - The notice mandates the establishment and improvement of risk management and internal control mechanisms for the banks involved in cross-border interbank financing [1]
央行:境内中资银行、外商独资银行、中外合资银行开展人民币跨境同业融资业务应由银行总行统一管理
Sou Hu Cai Jing·2025-09-12 09:45