Central Bank: Prudently Implement One-Time Personal Credit Restoration Policy, Strengthen Virtual Currency Regulation

Odaily News According to the 2026 People's Bank of China Work Conference held on January 5-6, the meeting emphasized the need to study and build a financial statistical system and standard framework that matches the modern central banking system, and to continuously conduct statistical monitoring in key areas such as the five major financial tasks and local government financing vehicle (LGFV) debt. It also highlighted the importance of consolidating the achievements in improving the cash usage environment, continuously enhancing the quality and efficiency of treasury management, prudently implementing the one-time personal credit restoration policy, further improving the social credit system, optimizing payment services for the elderly and foreign visitors to China in a normalized and long-term effective manner, strictly implementing comprehensive and functional supervision over payment institutions and their business activities, strengthening virtual currency regulation, persistently cracking down on related illegal and criminal activities, deepening technology management and innovative applications, and steadily advancing the development of the digital yuan. (Jin10)