中国人民银行发布《银行间外汇市场管理规定》，2026年2月1日起施行

Core Viewpoint - The People's Bank of China (PBOC) has revised the interim regulations on the interbank foreign exchange market to enhance regulation, promote high-level opening, and ensure the market serves the real economy effectively [1] Group 1: Regulatory Framework - The new regulations will take effect on February 1, 2026, and aim to create a systematic regulatory framework for the interbank foreign exchange market [1] - The regulations will strengthen oversight across various areas including trading venues, qualification requirements, pricing norms, transaction clearing rules, information management, data services, and self-regulation [1] Group 2: Market Stability and Participant Rights - The regulations are designed to maintain the stable operation of the foreign exchange market by clarifying the rights and obligations of market infrastructure, domestic and foreign financial institutions, currency brokers, and financial information service providers [1] - The principles of openness, fairness, justice, and good faith are emphasized to protect the legitimate rights and interests of market participants [1] Group 3: Development of the Foreign Exchange Market - The regulations aim to promote high-quality development of the interbank foreign exchange market by encouraging the diversification of trading and clearing products, currencies, and methods based on market demand [1] - Financial institutions will be facilitated in providing foreign exchange services to their clients [1] Group 4: Future Management - The PBOC and the State Administration of Foreign Exchange will continue to improve the management of the interbank foreign exchange market and deepen its development to maintain stable market operations [2]