Focus
Spring Breeze on the Shore: New rules on RMB Cross-Border Interbank Financing and Banks' Suggested Responses
On February 26, 2026, the People's Bank of China ("PBoC") promulgated the Notice on Relevant Matters Concerning Cross-border RMB Interbank Financing Business of Banking Financial Institutions (Yin Fa [2026] No. 51, the "Notice"). Previously, on September 12, 2025, the PBoC issued the Notice of the PBoC on Relevant Matters Concerning Cross-border RMB Interbank Financing Business of Banking Financial Institutions (Draft for Comments) (the "Draft"). The Notice further optimizes and relaxes the relevant conditions on the basis of the Draft, including: expanding the business quota for foreign-funded banks; removing the universal restriction that financing tenor shall be within one(1) year,; adding several circumstances which are excluded from the calculation of net lending balance; and expanding the scope of application to a wider range of financial institutions.
View More