"The central bank releases regulations on the management of the interbank foreign exchange market to promote the provision of services to the real economy in the foreign exchange market."

According to the Financial Intelligence APP, on December 26, the People's Bank of China issued a notice that the "Interbank Foreign Exchange Market Management Regulations" have been approved through the 17th business meeting of the People's Bank of China on December 4, 2025 and will be implemented from February 1, 2026. It mentioned that transactions in the interbank foreign exchange market should follow the principles of openness, fairness, justice and honesty and credit, and prohibited behaviors such as fraud, market manipulation, insider trading that affect the order of the interbank foreign exchange market and harm the legitimate rights and interests of market participants. With the authorization of the People's Bank of China, the Foreign Exchange Trading Center can calculate, form and publish the Renminbi exchange rate midpoint based on quotations from qualified financial institutions, and calculate and publish important data indicators such as the closing exchange rate and reference exchange rate of the Renminbi according to relevant rules.