B · Normal
[Deputy Governor of the Central Bank Tao Ling: Will continue to support financial institutions in carrying out RMB overseas loans and cross-border trade financing] October 16th, at the Global Wealth Management Forum 2026 Shanghai Suhewan Conference held today, Tao Ling, member of the Party Committee and Deputy Governor of the People's Bank of China, said that the willingness for overseas RMB financing has increased significantly, and the scale of RMB government bonds in the offshore market has increased. By the end of June 2026, a total of 1,200 overseas institutions had entered the domestic bank and bond market, and the balance of domestic bonds held by foreign entities reached 3.2 trillion yuan. As of the end of June 2026, the balance of domestic stocks held by foreign entities was 4.7 trillion yuan. In order to further enrich the allocation of RMB assets, Tao Ling pointed out that more types of foreign investors will be supported to participate in China's financial market and invest in China's domestic stocks, equities, bonds, gold derivatives and commodity futures through adaptive methods and appropriate methods. At the same time, we will continue to support financial institutions in developing RMB overseas loans and cross-border trade financing, improve banks’ cross-border RMB financing policies, encourage more overseas institutions to participate in the issuance and trading of panda bonds, support the development of the RMB dim sum bond market in Hong Kong, and enrich liquidity management and risk management tools.
Banking Industry News 🕐 2026-10-16 11:12

Related telegraphs

Comments

0/500
Captcha (click to refresh)
No comments yet