人民银行：支持境内银行业金融机构与境外机构规范开展人民币跨境同业融资业务

Core Viewpoint - The People's Bank of China has issued a notification to support domestic banking institutions in conducting cross-border RMB interbank financing with foreign entities, emphasizing a principle of substance over form in financial transactions [1] Group 1: Notification Overview - The notification defines its coverage based on the substantive debt relationship between domestic banks and foreign institutions, including existing and future RMB cross-border interbank financing activities [1] - A counter-cyclical adjustment mechanism is introduced, linking the net RMB cross-border interbank financing balance of domestic banks to their capital levels and funding strength, with parameters adjusted based on market conditions and risk prevention needs [1] - The notification encourages domestic banks to conduct business in compliance with market demands and regulations, requiring banks to have strong international settlement capabilities and robust risk management and internal control systems [1]