The central bank issues new regulations on cross-border RMB interbank financing to facilitate offshore RMB liquidity supply

Caixin Cross-border interbank financing in RMB is an important channel for domestic banks to provide liquidity in RMB to offshore markets and promote the cross-border use of RMB. Against the backdrop of increasing openness of the capital account and the development of offshore RMB markets, the central bank has introduced new regulations to support and standardize cross-border interbank RMB financing activities.

On the evening of February 26, 2026, the People’s Bank of China issued the “Notice on Matters Concerning RMB Cross-border Interbank Financing Business of Banking Financial Institutions” (hereinafter referred to as the “Notice”). When answering reporters’ questions about the “Notice,” a relevant person from the People’s Bank of China stated that the main purpose of the “Notice” is to support and regulate banks in conducting RMB cross-border interbank financing, better serve the real economy, guide banks to establish a risk-neutral mindset, and promote the principle of “doing as much business as their capacity allows.”