The 2026 People's Bank of China (PBOC) Work Conference was held on January 5–6. The meeting emphasized strengthening the supervision and regulation of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives. It also called for strengthening the coordinated supervision of financial infrastructure. Furthermore, the meeting called for deepening the high-level opening-up of financial markets and continuing to optimize the arrangements for the “Bond Connect” and “Swap Connect” mechanisms.Support the development of Shanghai as an international financial center, consolidate and enhance Hong Kong’s status as an international financial center, and maintain the stability and prosperous development of Hong Kong’s financial markets. Make full use of the role of central bank currency swaps to facilitate the use of the renminbi in trade and investment, and encourage financial institutions to improve cross-border financial services. Improve the infrastructure for the cross-border use of the renminbi.We welcome more eligible overseas entities to issue Panda bonds. We will expand the scope of interconnection among fast payment systems and advance cooperation on QR code interoperability.