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

Odaily News According to the People's Bank of China (PBOC) Work Conference held on January 5-6, 2026, the meeting emphasized strengthening the supervision and management of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives. It also highlighted enhancing the coordinated supervision of financial infrastructure. The conference called for deepening high-level opening-up of financial markets and continuing to optimize the institutional arrangements for "Bond Connect" and "Swap Connect". It supports the construction of Shanghai as an international financial center, consolidating and enhancing Hong Kong's status as an international financial center, and maintaining the stability and prosperous development of Hong Kong's financial market. The meeting emphasized leveraging the role of central bank currency swaps, facilitating the use of RMB in trade and investment, and promoting financial institutions to improve cross-border financial services. It also aims to improve the infrastructure for cross-border RMB use and welcomes more eligible overseas entities to issue Panda bonds. Furthermore, the conference plans to expand the interconnection scope of the fast payment system and promote cooperation in QR code interoperability. (Jin10)