Central Bank: Strengthen Supervision and Management of Interbank Bond Market, Money Market, Foreign Exchange Market, Bill Market, Gold Market, and Related Derivatives

The 2026 People's Bank of China Work Conference emphasized strengthening regulation of various financial markets, supporting the construction of Shanghai and Hong Kong as financial centers, promoting cross-border use of the Renminbi and improvement of financial services, optimizing the "Bond Connect" and "Swap Connect" mechanisms, and expanding payment system interconnectivity.

Odaily Planet Daily News: The 2026 People's Bank of China Work Conference was held on January 5-6. The meeting emphasized strengthening supervision and management of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives.

Enhance coordinated regulation of financial infrastructure. Deepen high-level opening of financial markets, continue to optimize the arrangements for "Bond Connect" and "Swap Connect." Support the development of Shanghai as an international financial center, consolidate and elevate Hong Kong's status as an international financial center, and maintain the stability and prosperity of Hong Kong's financial market.

Leverage the role of central bank currency swaps to facilitate the use of Renminbi in trade and investment, and promote financial institutions to improve cross-border financial services.

Improve infrastructure for cross-border Renminbi use. Welcome more eligible overseas entities to issue Panda Bonds. Expand the scope of the Fast Payment System interconnection, and promote QR code interconnectivity cooperation.