Beijing’s top banker has laid out a clear roadmap for the RMB’s worldwide integration. PBOC Governor Pan Gongsheng told China Media Group that while prioritizing home-front stability, the bank will push forward RMB internationalization in an orderly manner by 2026.
Plans encompass promoting reforms in global financial systems, expanding international collaboration, and achieving elevated openness in finance sectors and markets. Efforts will focus on a robust RMB cross-border payments infrastructure—secure, efficient, multi-channel, and comprehensive.
Pan called for deeper cross-border cooperation, active roles in global governance to elevate developing economies, strengthened regulations aligned with openness, and ironclad defense of financial security.
The PBOC upholds twin goals of currency and financial stability, supported by its monetary policy framework and macro-prudential mechanisms as core pillars toward a powerful financial state.
He explained that a sound monetary policy must handle short-term pressures and long-term visions, secure growth while averting risks, and equilibrate domestic and international elements. In an era of uncertainty, China’s strategy promises resilience and influence in global markets.