人民银行规范银行业金融机构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 RMB interbank financing, aiming to enhance the openness of capital accounts and develop the offshore RMB market [1] Group 1: Policy Implementation - The notice, effective from February 26, 2026, allows domestic banking institutions to engage in regulated cross-border RMB interbank financing with foreign entities [1] - The policy links the net outbound balance of RMB cross-border interbank financing to the capital levels and funding strength of banking institutions, promoting reasonable business operations [1] Group 2: Macro-Prudential Management - The notice establishes macro-prudential management parameters that will be adjusted counter-cyclically based on market conditions [1] - These parameters are designed to consider market demand and the operational status of banking institutions, providing stable liquidity for the offshore RMB market [1] Group 3: Future Steps - The PBOC plans to steadily advance the implementation of the notice, aiming to enhance the role of cross-border interbank financing in serving the real economy and promoting the healthy development of the offshore RMB market [1]