The People's Bank of China held its 2026 Macroprudential Work Conference, conducting a forward-looking assessment of potential systemic financial risks.

The People's Bank of China (PBOC) convened its 2026 Macroprudential Work Conference. The conference emphasized that macroprudential work in 2026 should continue to follow the deployment of building a comprehensive macroprudential management system, strengthening the central bank's macroprudential management functions, continuously improving the working mechanism of the Macroprudential and Financial Stability Committee, gradually expanding the coverage of macroprudential policies, proactively assessing potential systemic financial risks, innovating and enriching the policy toolbox, and maintaining the sound operation of the financial market and the overall stability of the financial system. Guided by serving the construction of a new development pattern, the conference called for further improving policies on the cross-border use of RMB, promoting trade facilitation, optimizing the layout of RMB clearing banks, better leveraging the role of currency swaps, developing the offshore RMB market, supporting the construction of Shanghai as an international financial center, and better meeting the needs of various entities for RMB transaction settlement, investment and financing, and risk management. (Jinshi)