TechFlow news: According to official information, the People's Bank of China held its 2025 Macroprudential Work Conference from February 17 to 18. The meeting noted that in 2024, the central bank improved the management of cross-border RMB business and enhanced cross-border financial services. By year-end, the RMB had risen to become the world's fourth-largest payment currency and the third-largest trade finance currency, with steady progress in internationalization.
Key priorities for 2025 include developing offshore RMB markets, strengthening currency swap arrangements and the role of RMB clearing banks, enhancing cross-border payment, pricing, investment, and financing functions, promoting trade and investment facilitation, accelerating the development of Shanghai as an international financial center, and consolidating and enhancing Hong Kong's status as an international financial center. In addition, the central bank will refine real estate financial management to help stabilize the property market and support its recovery.
