Pan Gongsheng, Governor of the People's Bank of China, said that a pilot program will facilitate overseas financial institutions in conducting CNY purchase and sale business in China's foreign exchange market, and that it plans to allow 8 overseas clearing banks to conduct proprietary trading in China's interbank foreign exchange market.CNY
According to BlockBeats, citing Bitget market data,CNY against USD central parity rate was raised from the previous day by 12 points to 6.7208, appreciating to its highest level since February 2, 2023.
Financial education materials from the People's Bank of China state that onshore and offshore entities must not issue RMB-pegged stablecoins offshore, while reiterating restrictions on providing virtual-currency services to onshore entities.
