China’s central bank and financial regulators have outlined a five-year agenda to expand the international use of the renminbi and move toward fuller access to the country’s onshore financial markets during the 2026-2030 15th Five-Year Plan. The roadmap targets a modern financial system with expanding high-level openness by 2030 and an essentially complete, adaptive, competitive and inclusive system by 2035. Overseas institutions already hold more than 11 trillion yuan, about $1.6 trillion, in onshore renminbi assets, while outstanding offshore yuan loans exceed 1.2 trillion yuan. The People’s Bank of China plans to widen local-currency settlement, expand swap arrangements and improve links including Stock Connect, Bond Connect and Swap Connect. It currently has 33 bilateral currency-swap agreements totaling 4.6 trillion yuan. Officials said monetary stability, financial stability and managed capital flows remain priorities, and ruled out currency depreciation as a tool for trade advantage. The State Administration of Foreign Exchange expects broadly balanced payments during the plan period, while the China Securities Regulatory Commission is preparing further capital-market reforms. Existing renminbi internationalization measures include reserve holdings by monetary authorities in more than 80 countries and regions and panda-bond issuance exceeding 1.3 trillion yuan across 26 countries and regions.