Foresight News
Foresight News|2月 26, 2026 13:39
[Central Bank: Support domestic banks in conducting RMB cross-border interbank financing business in accordance with the principles of legality, compliance, and risk control] Foresight News reports that the People's Bank of China has issued a notice regarding RMB cross-border interbank financing business for banking financial institutions. The notice mentions supporting domestic banks in meeting market demand and conducting RMB cross-border interbank financing business in accordance with the principles of legality, compliance, and risk control. Domestic Chinese banks, wholly foreign-owned banks, and Sino-foreign joint venture banks conducting related business should be uniformly managed by their headquarters and, adhering to the principle of substance over form, include all RMB cross-border interbank financing business within their management scope. They should establish and improve risk management and internal control mechanisms.
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