央行：严格实施支付机构穿透式监管和支付业务功能监管

Core Viewpoint - The People's Bank of China (PBOC) held a meeting on January 15, 2026, focusing on the development of a modern payment system aligned with the "14th Five-Year Plan" and the goal of building a strong financial nation [2]. Group 1: Meeting Objectives and Outcomes - The meeting aimed to summarize the payment settlement work of 2025, analyze the current situation, and outline key tasks for 2026 [2]. - The PBOC noted that since 2025, regulations and systems in the payment sector have been continuously improved, leading to enhanced regulatory and service levels [2]. Group 2: Key Requirements for 2026 - The PBOC emphasized the need to accelerate the construction of a cross-border payment system for the Renminbi and promote interconnectedness in cross-border payments [2]. - There is a focus on diversifying and developing a multi-layered cross-border payment system [2]. - The meeting called for strict implementation of transparent regulation for payment institutions and functional regulation of payment services [2]. Group 3: Industry Development and Innovation - The PBOC aims to create a healthy industry ecosystem through a combination of administrative and self-regulatory measures [2]. - Continuous optimization of payment services is essential, with an emphasis on providing convenient and secure payment options [2]. - The enhancement of service quality in payment systems is to be driven by innovation, promoting the upgrading of the industry [2].