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》（附答记者问）

Core Viewpoint - The People's Bank of China (PBOC) has issued a notification to support domestic banks in conducting cross-border RMB interbank financing, aiming to enhance the internationalization of the RMB and improve the management of cross-border capital flows [1][9]. Group 1: Notification Overview - The notification covers various types of RMB cross-border interbank financing and links the net financing outflow balance to the capital level and funding strength of banking institutions [1][9]. - A counter-cyclical adjustment mechanism is introduced, allowing the PBOC to adjust parameters based on market conditions to promote reasonable business development [2][12]. - The notification emphasizes compliance with market demands and requires banks to have strong international settlement capabilities and robust risk management systems [2][12]. Group 2: Applicable Institutions - The notification applies to domestic banks legally established with international settlement capabilities, including Chinese banks, foreign-owned banks, joint-venture banks, and foreign bank branches in China [3][13]. - Rural financial institutions are generally not allowed to engage in RMB cross-border interbank financing but may conduct other cross-border RMB businesses [3][13]. Group 3: Financing Limits - The net financing outflow balance limit for domestic banks is determined by their tier-one capital net amount multiplied by cross-border business adjustment parameters and macro-prudential adjustment parameters [4][14]. - For domestic Chinese banks, the formula is: Net Outflow Limit = Tier-One Capital Net Amount × Cross-Border Business Adjustment Parameter × Macro-Prudential Adjustment Parameter [5][14]. Group 4: Implementation and Impact - The PBOC will ensure that banks manage their RMB cross-border interbank financing business effectively, ensuring that the net outflow balance does not exceed the established limits [6][15]. - The implementation of the notification is expected to enhance the rules and transparency of RMB cross-border interbank financing management, facilitating stable offshore RMB liquidity supply [8][17].