【金融政策】中国人民银行发布《银行间外汇市场管理规定》

Core Viewpoint - The People's Bank of China has revised the interim regulations on the interbank foreign exchange market to establish a systematic regulatory framework and promote high-quality development of the foreign exchange market, effective from February 1, 2026 [1][2] Group 1: Regulatory Framework - The new regulations aim to strengthen supervision of the interbank foreign exchange market, covering trading venues, qualification requirements, pricing norms, transaction clearing rules, information management, data services, and self-regulation [1][2] - The regulations will ensure comprehensive business supervision across all areas of the interbank foreign exchange market [1][2] Group 2: Market Stability - The regulations are designed to maintain the stable operation of the foreign exchange market by standardizing the rights and obligations of market infrastructure, domestic and foreign financial institutions, currency brokers, and financial information service providers [1][2] - Participants are required to adhere to principles of openness, fairness, justice, and good faith to protect their legitimate rights and interests [1][2] Group 3: Market Development - The regulations support the continuous enrichment of trading and clearing varieties, currencies, and methods in the foreign exchange market infrastructure based on market demand [1][2] - Financial institutions will be facilitated in providing foreign exchange services to their clients [1][2] Group 4: Future Directions - The People's Bank of China and the State Administration of Foreign Exchange will continue to improve the management of the interbank foreign exchange market and deepen its development [1][2] - Efforts will be made to maintain the stable operation of the foreign exchange market [1][2]