上级动态｜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) issued a notification 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][8][17] Group 1: Notification Overview - The notification covers various types of RMB cross-border interbank financing, linking the net financing balance to banks' capital levels and funding strength, promoting reasonable business development [1][9] - A counter-cyclical adjustment mechanism is introduced, linking the net financing balance to capital levels and allowing for adjustments based on market conditions [2][12] - The notification supports domestic banks in conducting business in accordance with market demand and legal compliance, requiring banks to have strong international settlement capabilities [2][12] Group 2: Applicable Institutions - The notification applies to domestic banks established in accordance with the law that possess international settlement capabilities, including Chinese-funded banks, foreign-funded banks, and foreign bank branches [3][13] - Rural financial institutions are generally not allowed to conduct RMB cross-border interbank financing, although some may qualify under certain conditions [3][13] Group 3: Financing Balance Limits - The notification sets an upper limit on the net financing balance for RMB cross-border interbank financing, which is linked to the bank's capital or funding strength [4][14] - For domestic Chinese banks, the upper limit is calculated as the net capital multiplied by cross-border business adjustment parameters and macro-prudential adjustment parameters [4][14] - For foreign banks, the upper limit is based on net capital or the previous year's RMB deposit balance, also multiplied by the relevant parameters [5][14] Group 4: Data Reporting and Compliance - Banks engaged in RMB cross-border interbank financing must report relevant information to the RMB Cross-Border Payment Information Management System (RCPMIS) to ensure data accuracy [6][16] - The notification aims to align with existing RMB cross-border interbank financing management policies without creating new business types, maintaining compliance with current regulations [7][16] Group 5: Impact of the Notification - 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 [8][17] - The management logic aligns with previous measures for overseas loans and financing, providing a comprehensive macro-prudential management framework [8][17] - The notification encourages banks to adopt a risk-neutral approach, allowing for flexible adjustments within an overall net financing balance limit [8][17]