China will further open its financial markets, improve cross-border yuan payments and support offshore yuan markets to expand the currency's international use during the 15th Five-Year Plan period (2026-2030), a central bank official said Thursday.
September 11, 2026A deputy governor of the People's Bank of China (PBC) said at a press conference on Thursday that market forces will continue to play a decisive role in exchange rate formation. The country has neither the need nor the intention to seek a trade advantage through currency depreciation.
September 11, 2026China will further advance worldwide use of the renminbi over the next five years while remaining committed to maintaining currency stability, as part of broader efforts to enable the financial sector to better serve the real economy and promote high-standard opening-up, officials said on Thursday.
September 11, 2026China has issued a plan to strengthen its financial sector during 2026-2030, focusing on preventing financial risks, strengthening financial supervision, and promoting high-quality development.
September 11, 2026