According to CoinMeta, the People's Bank of China held a work conference for the second half of 2026, which emphasized the steady deepening of financial reforms and opening up to the outside world. The conference called for proactive and prudent progress in inter-central bank currency swaps and local currency settlement cooperation, as well as supporting and facilitating more overseas institutions to participate in the issuance of panda bonds. It also discussed the coordinated development of the offshore RMB market, supported Shanghai in enhancing its cross-border financial and offshore financial service capabilities, consolidated Hong Kong's position as a hub for offshore RMB business, deepened reforms to facilitate cross-border trade and investment, advanced the construction of the RMB cross-border payment system, increased international cooperation in cross-border payments, and improved the infrastructure for cross-border digital RMB transactions.