The central bank: domestic Chinese-funded banks, foreign-owned banks, and Sino-foreign joint venture banks should carry out relevant businesses under the unified management of the bank's head office.

According to the Securities Times App, on September 12, the People's Bank of China publicly solicited opinions on the "Notice of the People's Bank of China on Matters Concerning Renminbi Cross-Border Interbank Financing Business of Banking Financial Institutions". It mentioned supporting domestic banks to meet market demand, and conducting renminbi cross-border interbank financing business in accordance with legal compliance and controllable risk principles. Domestic Chinese banks, foreign wholly-owned banks, and Sino-foreign joint venture banks should conduct related businesses under the unified management of the bank's head office, and in accordance with the principle of substance over form, all renminbi cross-border interbank financing business should be included in the management scope, and a sound risk management and internal control mechanism should be established.