People's Bank of China Shanghai Headquarters: Enhancing the international currency functions of RMB pricing, payment, investment and financing, reserves, etc.

According to a message from the Shanghai headquarters of the People's Bank of China on February 24th, the Shanghai headquarters of the People's Bank of China held a meeting on cross-border RMB business in Shanghai in 2026 on February 6th. The meeting emphasized the need to thoroughly grasp the key points and requirements of the "Fifteen-Five" plan suggestions, closely focusing on the construction of Shanghai's "Five Centers", working together with full enthusiasm, stronger measures, and a more pragmatic approach to improve the cross-border RMB financial services in Shanghai, and to promote high-quality financial development in Shanghai to drive high-quality economic and social development. Adhering to the principle of prioritizing the local currency, continuously improving the level of convenience of cross-border RMB settlement, facilitating the use of RMB for pricing settlement in various cross-border trade and investments, and enhancing the international currency functions of RMB valuation, payment, investment and financing, and reserves.