The Shanghai headquarters of the People's Bank of China said preventing risks tied to cryptocurrency trading and speculation remains a second-half priority, reinforcing China's long-standing ban on crypto trading and initial coin offerings introduced in 2021. The agenda also calls for stronger action against illegal financial activity, tighter oversight of online financial product marketing, more intensive bank rating checks, closer monitoring of systemically important financial institutions and fuller cross-border risk surveillance alongside continued development of its macro-prudential management framework. Analysts say the renewed signal may weigh on sentiment for projects with exposure to Chinese investors, though the practical effect could be limited because most exchanges have already left the market or curtailed local services.