People’s Bank of China Highlights Stronger Market Oversight and Support for Shanghai and Hong Kong in 2026 Plan

People’s Bank of China Highlights Stronger Market Oversight and Support for Shanghai and Hong Kong in 2026 Plan

China’s central bank will tighten cryptocurrency trading supervision, enhance financial market oversight, and advance the digital yuan as part of its 2026 strategic priorities.

Fact Check
The assessment is based on the strong alignment between the statement's claims and the strategic direction outlined in the provided high-authority primary sources. China's national and financial policies are structured around Five-Year Plans (FYPs). The current 14th Five-Year Plan (2021-2025), referenced by the most authoritative sources (the People's Bank of China and the State Administration of Foreign Exchange), sets the policy trajectory leading up to 2026. The year 2026 will mark the beginning of the 15th Five-Year Plan, which is expected to continue and build upon the established strategic goals.The core claims of the statement are well-supported:1. **Market Oversight:** This is a fundamental and continuous responsibility of the PBOC. The 14th FYP explicitly emphasizes strengthening financial regulation and preventing systemic risks, a policy that will certainly extend into 2026 and beyond.2. **Support for Shanghai and Hong Kong:** This is a key national strategy. The 14th FYP contains clear goals to enhance Shanghai's role as an international financial, trade, and innovation center and to support Hong Kong's status as an international financial hub. The PBOC's own website mentions its Shanghai Center, providing concrete evidence of this support structure.While a specific document titled the "2026 plan" may not exist, the statement accurately describes the provisions that are part of the PBOC's ongoing and future policy framework that will be in effect in 2026. The high authority of the PBOC and SAFE websites confirms these policy priorities. The secondary financial news source, while focused on 2025, corroborates the theme of financial regulation. The irrelevant sources from the judiciary and meteorology do not contradict the findings. The slight uncertainty (reflected in a truth probability of 0.85 rather than 1.0) is due to the imprecise phrasing of a "2026 plan" rather than referring to the overarching Five-Year Plan framework, but the substance of the claim is strongly supported by the evidence.
Summary

At its 2026 work conference, the People’s Bank of China announced plans to strengthen cryptocurrency trading supervision, continuing its focus on combating illicit activities and advancing cross-border renminbi infrastructure. The agenda includes development of the digital yuan alongside enhanced oversight of interbank bond, money, forex, bills, gold, and derivatives markets. The central bank will deepen financial market opening by optimizing Bond Connect and Swap Connect, and support Shanghai and Hong Kong’s growth as international financial hubs, with initiatives such as QR code payment interconnection and expanded panda bond issuance.

Terms & Concepts
  • Bond Connect: A program that links the bond markets of Hong Kong and mainland China, allowing international investors to access Chinese bonds and vice versa.
  • Swap Connect: A financial product that connects mainland China’s interest rate swap market with international markets, facilitating cross-border swaps and derivatives trading.
  • Digital yuan: China’s central bank digital currency (CBDC), officially known as the e-CNY, designed to offer a regulated, electronic form of the renminbi.