Central Bank: Steadily Deepen Financial Reform and Opening Up

Actively and steadily advance the currency swap and local currency settlement cooperation among central banks. Support and facilitate more foreign institutions to participate in the issuance of panda bonds. Coordinate the development of the offshore RMB market, support Shanghai in enhancing its cross-border financial and offshore financial service capabilities, and consolidate Hong Kong's position as a hub for offshore RMB business. Deepen the reform of cross-border trade and investment financing facilitation. Promote the construction of the RMB cross-border payment system, increase international cooperation in cross-border payments, and improve the cross-border infrastructure for digital RMB.