People’s Bank of China Revises Rules for Cross-Border RMB Payment

The People’s Bank of China will implement new rules for the Cross-Border Payment System of Renminbi in February 2026, impacting financial institutions globally.

These regulations enhance operational efficiency and internationalization efforts, amidst growing cross-border RMB transactions, influencing global financial infrastructures.

China’s RMB Payment System Updates for 2026

The revision of the “Rules for the Cross-Border Payment System of Renminbi,” issued as Yin Fa [2025] No. 248, represents a significant update from its 2018 counterpart. Key entities affected include the Digital Currency Research Institute, National Development Bank, and various commercial banks. The goal is to align the system with modern financial practices, effectively supporting a mixed settlement model.

While the People’s Bank of China has not disclosed immediate responses from market stakeholders, similar updates in financial regulations often trigger heightened interest from traders and financial analysts. However, so far, there have been no significant public statements from major industry leaders or reactions noted on social media platforms.

35 Trillion RMB in 2025: Context and Insights

Did you know? In the first half of 2025, China’s cross-border receipts/payments in RMB amounted to 35 trillion RMB, marking a 14% increase from the previous year.

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Coincu’s research team suggests that the establishment of a clearer operational framework could facilitate smoother bilateral trade agreements and cement RMB’s role as a competitive global currency. The new regulations may also impact global liquidity management practices, as more countries engage in RMB transactions.