Odaily Planet Daily News The People's Bank of China work conference for 2026 was held on January 5-6, with the meeting emphasizing strengthened supervision and management of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives. Financial infrastructure coordination and supervision will be deepened. High-level opening of financial markets will be advanced, and the "Bond Connect" and "Swap Connect" mechanism arrangements will continue to be optimized. Support will be provided for Shanghai International Financial Center construction, and the position of Hong Kong as an international financial center will be consolidated and elevated, safeguarding the stability and prosperous development of Hong Kong's financial market. The role of central bank currency swap arrangements will be leveraged to facilitate the use of RMB in trade and investment, and financial institutions will be promoted to improve cross-border financial services. Infrastructure for cross-border RMB usage will be improved. More eligible overseas entities are welcomed to issue Panda Bonds. The coverage of the fast payment system interconnection will be expanded, and progress will be made in QR code interoperability cooperation. (Jin Shi)
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