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.