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 offshore RMB market and improve macro-prudential management of cross-border capital flows [1] Group 1: Policy Implementation - The notice, effective from February 26, 2026, covers various types of RMB cross-border interbank financing and links the net financing balance to the capital levels and funding strength of banking institutions [1] - Macro-prudential management parameters will be set based on market conditions to allow for counter-cyclical adjustments, considering market demand and the operational status of banking institutions [1] Group 2: Market Impact - The implementation of this notice is expected to provide stable liquidity for the offshore RMB market and promote the cross-border use of RMB [1] - The PBOC plans to steadily advance the implementation of the notice to ensure that cross-border interbank financing effectively supports the real economy and fosters the healthy development of the offshore RMB market [1]
中国人民银行发布 《关于银行业金融机构人民币跨境同业融资业务有关事宜的通知》
Jin Rong Shi Bao·2026-02-27 00:48