B · Normal
[Central Bank: The pilot program further facilitates overseas financial institutions to carry out RMB purchase and sale business in the domestic foreign exchange market] On October 19, Pan Gongsheng, Governor of the People's Bank of China, stated at the opening ceremony of the 2026 Financial Street Forum Annual Meeting that the pilot program will further facilitate overseas financial institutions to carry out RMB purchase and sale business in the domestic foreign exchange market. It is planned to allow eight Chinese-funded and foreign-funded RMB overseas clearing banks to conduct proprietary transactions in the domestic inter-bank foreign exchange market in accordance with international financial market practices and trading practices. In the future, the foreign exchange market will be further opened based on the pilot situation.
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