PBOC sets cross-border RMB payment rules to take effect on February 1, 2026

The People’s Bank of China announced updated regulations for the Cross-Border Renminbi Payment System, effective February 1, 2026. The framework supports mixed settlement methods, including real-time gross and net settlements, with digital RMB integration. According to PBOC data, cross-border RMB payments reached 35 trillion RMB in the first half of 2025.