China Announces New Financial Opening-Up Measures at Annual Forum
At the 2026 Annual Conference of the Financial Street Forum in Beijing, China's top financial regulators unveiled targeted policies aimed at expanding high-level financial opening-up. These include a pilot initiative allowing overseas institutions to participate in yuan trading within China’s interbank foreign exchange market and measures such as liquidity backstops for non-bank financial entities. Policies also focus on improving the institutional level of openness, supporting international cooperation by enterprises, optimizing foreign exchange management, and strengthening offshore yuan markets. Officials emphasized that these reforms align with strategic goals outlined in the 15th Five-Year Plan (2026–30), aiming to transform China’s economic model while contributing to global rebalancing. Experts noted a shift from general commitments toward more institutionalized opening-up, signaling controllable and predictable financial liberalization. This follows September's plan outlining goals for establishing a modern Chinese financial system by 2035.
Topics: China economic opening-up foreign exchange market PBOC policies