PBOC's Pan said at the 2026 Financial Street Forum opening that the central bank
will pilot measures to further facilitate foreign financial institutions buying
and selling the RMB in China's onshore FX market. The PBOC plans to allow eight
mainland and foreign offshore RMB clearing banks to conduct proprietary trading
in the domestic interbank FX market, aligned with international market practice
and trading conventions, to deepen offshore participation and promote
onshore-offshore market integration. The central bank said it will consider
broader FX-market opening based on the pilot's results.