In an official statement, the regulator indicated that these measures are aimed at improving the transparency of capital flows, developing the offshore yuan market, and optimizing macroprudential control over capital transactions.
The central bank emphasized that cross-border interbank operations in yuan play a key role in ensuring liquidity for the offshore market and contribute to the broader use of the Chinese currency in international settlements.
The document outlines various methods for carrying out such financing and specifies parameters for macroprudential regulation that allow for counter-cyclical adjustments depending on the current market situation.
The People's Bank of China also reaffirmed its commitment to implementing these measures aimed at supporting the real sector of the economy and the stable development of the yuan market outside the country.
