央行发文！支持境内银行开展人民币跨境同业融资业务

Core Viewpoint - The People's Bank of China (PBOC) has issued a notice to support domestic banks in conducting cross-border interbank financing in Renminbi (RMB), aiming to enhance the offshore RMB market and ensure stable liquidity for cross-border RMB usage [1][2][12]. Group 1: Notice Overview - The notice covers various types of RMB cross-border interbank financing, linking the net financing balance to the capital and funding strength of banks, promoting reasonable business operations [1][3]. - It emphasizes compliance with laws and regulations, risk control, and the establishment of robust risk management and internal control mechanisms by banks [4][5]. Group 2: Financing Limits and Parameters - The net financing balance limit for domestic banks is determined based on their capital levels and funding strength, incorporating macro-prudential management principles [6][16]. - For domestic banks, the limit is calculated as: Net Capital × Cross-Border Business Adjustment Parameter × Macro-Prudential Adjustment Parameter [11][16]. - The notice specifies that certain financing activities, such as those based on genuine trade financing, do not count towards the net financing balance [17]. Group 3: Implementation and Management - The PBOC will gradually implement the notice, ensuring that cross-border interbank financing serves the real economy and promotes the healthy development of the offshore RMB market [2][19]. - Banks are required to report their RMB cross-border interbank financing activities to the RMB Cross-Border Payment Information Management System (RCPMIS) [8][17]. - The notice aims to enhance the regulatory clarity and transparency of RMB cross-border interbank financing management, facilitating smoother and more stable offshore RMB liquidity supply [19].