The People's Bank of China recently held the 2026 macro-prudential work conference. This conference clarified the work direction for 2026, which is to continue following the strategic deployment of building a comprehensive macro-prudential management system. The conference emphasized the need to further strengthen the macro-prudential management functions of the central bank and continuously optimize the working mechanism of the Macro-Prudential and Financial Stability Committee. In order to maintain the sound operation of the financial market and the overall stability of the financial system, the work will focus on gradually expanding the coverage of macro-prudential policies, making forward-looking assessments of systemic financial risk hidden dangers, and committing to innovating and enriching the policy toolbox. At the same time, guided by serving the construction of a new development pattern, further improvement of the policies for cross-border use of the renminbi is also one of the key points. Specific measures include promoting the facilitation of goods trade, optimizing the layout of renminbi clearing banks, fully leveraging the role of currency swaps, and actively developing the offshore renminbi market. In addition, there will be full support for the construction of the Shanghai International Financial Center to better meet the diverse needs of various market entities in renminbi transaction settlement, investment and financing, and risk management.