The People's Bank of China (PBOC) will strengthen supervision and management of the interbank bond market, money market, foreign exchange market, bill...

Odaily Odaily reports that the People's Bank of China (PBOC) held its 2026 working conference on January 5-6. The conference emphasized strengthening supervision and management of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives. It also stressed the need to strengthen the overall supervision of financial infrastructure, deepen the high-level opening-up of the financial market, and continue to optimize the "Bond Connect" and "Swap Connect" mechanisms. The conference supported the construction of Shanghai as an international financial center, consolidated and enhanced Hong Kong's status as an international financial center, and maintained the stability and prosperity of Hong Kong's financial market. It also emphasized leveraging the role of interbank currency swaps to facilitate the use of RMB in trade and investment, and to promote improved cross-border financial services by financial institutions. Furthermore, the conference called for improving the infrastructure for the cross-border use of RMB. It welcomed more eligible overseas entities to issue Panda bonds and expanded the interconnection scope of the fast payment system, promoting cooperation on QR code interconnection. (Jinshi)