FINANCIAL STREET(SZ:000402) Zhong Guo Jin Rong Xin Xi Wang·2026-01-26 12:40Core Viewpoint - The People's Bank of China (PBOC) is focusing on enhancing its macro-prudential management system and promoting the internationalization of the Renminbi (RMB) in 2026, following the guidelines from the 20th National Congress and the Central Economic Work Conference [1][2]. Group 1: Macro-Prudential Management - In 2025, the PBOC accelerated the construction of a macro-prudential management system, improving governance mechanisms and enhancing the standardized and practical capabilities of macro-prudential monitoring and assessment [1]. - Key areas of focus include systemically important financial institutions, financial markets, and cross-border capital flows [1]. Group 2: Renminbi Internationalization - The PBOC aims to further promote the internationalization of the RMB by optimizing cross-border usage arrangements and enhancing the network of currency swaps and clearing banks [2]. - The goal is to strengthen the RMB's financing capabilities and support trade and investment facilitation, thereby improving service to the real economy [1][2]. Group 3: Future Work Directions - The macro-prudential work in 2026 will continue to build a comprehensive management system, enhance the central bank's macro-prudential management functions, and expand the coverage of macro-prudential policies [2]. - There will be a focus on forward-looking assessments of systemic financial risks and the innovation of policy tools to maintain stable financial markets and overall financial system stability [2].