The People’s Bank of China (PBOC) is charting a strategic path for the Renminbi’s global ascent. Governor Pan Gongsheng, in an interview with China Media Group, affirmed that 2026 will see sustained efforts to internationalize the RMB systematically, even as the bank focuses on steadying domestic development.
Pan outlined priorities like advancing global financial governance, boosting international ties, and opening up financial services and markets to higher levels. A cornerstone is developing a secure, efficient RMB cross-border payment system with wide coverage and multiple channels.
He stressed intensifying global partnerships in payments, participating actively in financial governance to represent developing nations, enhancing regulatory strength for openness, and upholding financial security.
PBOC’s mission revolves around preserving both monetary and financial stability. Its two key instruments—monetary policy and macro-prudential management—act as pillars for these objectives and national financial strength.
According to Pan, an effective monetary policy system scientifically addresses short- and long-term targets, balances growth stabilization with risk prevention, and coordinates internal-external dynamics. This comprehensive blueprint reflects China’s proactive stance in reshaping global finance.