Central Bank: Improve Digital RMB Cross-Border Infrastructure, Advance RMB Cross-Border Payment System Construction

TechFlow news, August 2, the People's Bank of China held its work meeting for the second half of 2026. The meeting emphasized steadily deepening financial reform and opening-up. Actively and steadily carry out inter-central bank currency swaps and local currency settlement cooperation. Support and facilitate more overseas institutions to participate in the issuance of Panda bonds. Coordinate the development of the offshore RMB market, support Shanghai in enhancing cross-border finance and offshore financial service capabilities, and consolidate Hong Kong's status as an offshore RMB business hub. Deepen reforms to facilitate cross-border trade, investment and financing. Advance the construction of the RMB cross-border payment system, increase international cooperation on cross-border payments, and improve the cross-border infrastructure for the digital RMB.