PBoC's five-year plan prioritises yuan internationalisation and financial stability
China's central bank has pledged to maintain yuan stability and boost its international use in trade and investment under its new five-year plan.
The People's Bank of China (PBoC) has unveiled its strategic priorities for the next five years, with a clear emphasis on expanding the yuan's role in global commerce. In a statement released on Monday, the central bank committed to keeping the currency's exchange rate broadly stable while promoting its wider adoption in international trade and investment flows.
The plan also signals a continued push for financial-sector reforms. The PBoC stated its intention to address risks in critical areas of the economy and to bolster financial mechanisms that support domestic consumption growth. This dual focus aims to strengthen the resilience of the financial system while fostering internal economic demand.
Furthermore, the central bank reiterated its commitment to a measured, progressive approach in opening up China's financial markets to foreign participation. This 'high-level opening up' is framed as a key component of the broader strategy, intended to integrate Chinese finance more deeply with global markets while maintaining regulatory oversight.