--- title: "People's Bank of China Issues the \"People's Bank of China '15th Five-Year' Reform and Development Plan\"" type: "News" locale: "en" url: "https://longbridge.com/en/news/295390916.md" description: "The People's Bank of China has issued the \"15th Five-Year\" Reform and Development Plan, outlining four key priorities: first, establishing a scientific and robust monetary policy and macroprudential management system to maintain exchange rate stability and mitigate financial risks; second, enhancing the quality and efficiency of financial services for the real economy by supporting technology, green, inclusive, and pension finance; third, building an open and inclusive modern financial market system; and fourth, steadily advancing high-level financial opening-up to promote the internationalization of the renminbi" datetime: "2026-08-10T10:23:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295390916.md) - [en](https://longbridge.com/en/news/295390916.md) - [zh-HK](https://longbridge.com/zh-HK/news/295390916.md) --- # People's Bank of China Issues the "People's Bank of China '15th Five-Year' Reform and Development Plan" First, establish a scientific and robust monetary policy system and a comprehensive macroprudential management system. Improve the modern monetary policy framework with Chinese characteristics, refine the mechanism for base money issuance, and effectively utilize the aggregate and structural functions of monetary and credit policy tools. Strengthen the market-based interest rate formation, regulation, and transmission mechanisms. Allow the market to play a decisive role in exchange rate formation, keeping the RMB exchange rate basically stable at a reasonable and balanced level. Improve the macroprudential management system, expand the central bank's macroprudential and financial stability functions, broaden the scope of macroprudential management, enrich macroprudential tools, establish a macroprudential monitoring and assessment mechanism, strengthen the financial stability safeguard system, and prudently resolve financial risks in key areas. Second, continuously enhance the quality and efficiency of financial services for the real economy. Improve the financial policy system to provide precise and strong support for major strategies, key areas, and weak links. Establish a technology finance system adapted to technological innovation, build a high-quality "Technology Board" in the bond market, improve the quality and efficiency of financial support for green development and low-carbon transition, continuously improve the inclusive finance system, strengthen the pension finance system, accelerate the development of digital finance, and reinforce financial support to boost and expand consumption. Third, continue to build an open, inclusive, vibrant, and resilient modern financial market. Improve the multi-category, multi-level financial market system, further enrich financial market formats, and better leverage the functions of financial markets. Strengthen the institutional framework of financial markets to ensure their smooth operation. Fourth, steadily advance high-level financial opening-up. Promote the internationalization of the renminbi and expand its use in international trade, investment, and financing. Deepen the two-way opening of financial markets and strengthen cross-border interconnectivity of financial infrastructure. Promote the development of offshore RMB markets. Improve the multi-level and widely covered cross-border RMB payment system. Accelerate the construction of Shanghai as an international financial center and consolidate and enhance Hong Kong's status as an international financial center. Actively implement global governance initiatives, participate in and promote reforms in global financial governance. Balance opening-up with security, and strengthen the capacity to maintain financial stability under open conditions. Fifth, optimize financial infrastructure and central bank service systems. Promote the formation of a financial infrastructure system that is reasonably laid out, effectively governed, advanced and reliable, and resilient. Enhance the quality and efficiency of central bank financial services, improve financial statistics, payment, treasury, and cash service systems, steadily develop the digital renminbi, promote high-quality development of the credit reporting industry, and strengthen anti-money laundering supervision. Strengthen the governance foundation for the central bank's performance of duties, and comprehensively advance the construction of a rule-of-law central bank and a digital central bank. Risk Warning and Disclaimer The market involves risks, and investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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