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 integ

2026-10-19

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.

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