In order to enhance the level of capital account openness, develop the offshore RMB market, and improve macro prudential management of cross-border capital flows, the People's Bank of China issued a relevant notice on February 26 to support domestic banking and financial institutions and overseas institutions to carry out RMB cross-border interbank financing business in a standardized manner. Cross border RMB interbank financing is an important channel for domestic banks to provide RMB liquidity to offshore markets and promote the cross-border use of RMB. It is reported that the People's Bank of China has issued a notice on matters related to RMB cross-border interbank financing business for banking and financial institutions, covering various types of RMB cross-border interbank financing business. The net financing balance of RMB cross-border interbank financing for banking and financial institutions is linked to their capital level and financial strength, promoting the rational development of business. The notice sets macro prudential management related parameters and conducts countercyclical adjustments based on market conditions. The relevant parameter settings fully consider market demand and the operating conditions of banking and financial institutions, which is conducive to providing stable liquidity for the offshore RMB market and promoting the cross-border use of RMB. The relevant person in charge of the People's Bank of China stated that the bank will comprehensively consider factors such as the development of the offshore RMB market, the situation of cross-border capital flows, and the development of the banking industry, and adjust parameters in a timely manner. The management logic of the notification is consistent with the measures previously introduced for overseas loans and loans, and is an effective supplement to the macro prudential management of cross-border financing across the board. The reporter learned that in the next step, the People's Bank of China will steadily promote the implementation of the notice, and effectively play a positive role in serving the real economy and promoting the healthy development of the RMB offshore market through cross-border interbank financing business. (New Society)