The regulator's notification emphasizes that these measures are aimed at increasing transparency in capital movement, developing the offshore yuan market, and improving macroprudential control over cross-border cash flows.
According to representatives of the Central Bank, interbank financing transactions in yuan play a key role in ensuring liquidity in the offshore market and contribute to the wider use of the Chinese currency in international settlements.
This document presents various forms of such financing and defines the parameters of macroprudential regulation that allow for counter-cyclical adjustments based on market changes.
The People's Bank of China noted that it will continue to work on implementing these measures aimed at supporting the real sector of the economy and ensuring stable growth in the offshore yuan market.
