People’s Bank of China issues Notice on Matters Concerning Cross-border Interbank Financing Business of Banking Financial Institutions

27 March 2026

On 26 February 2026, the People’s Bank of China (“PBOC”) issued the Notice on Matters Concerning Cross-border Interbank Financing Business of Banking Financial Institutions (“Notice”), supporting domestic banking financial institutions in conducting standardised cross-border interbank financing with overseas institutions. The Notice took effect on the date of issuance.

The Notice applies to all types of cross-border interbank financing business and links the net outstanding balance of such financing to the capital level and financial strength of banking financial institutions, thereby promoting prudent and well-regulated operations. It establishes key parameters for macro-prudential management and provides for counter-cyclical adjustments in response to market conditions. These parameters have been formulated with full consideration of market demand and the operational realities of banking financial institutions, contributing to stable liquidity in the offshore renminbi market and supporting the cross-border use of renminbi.

Reference materials

 The following materials, in Chinese, are available on the PBOC website www.pbc.gov.cn: 

• Press release
• Notice on Matters Concerning Cross-border Interbank Financing Business of Banking Financial Institutions
• Initial value of parameters
• List of 27 domestic banks