Pan Gongsheng, Governor of the central bank: Establishing repurchase tools for foreign central bank-like institutions to facilitate the management of Renminbi liquidity and asset allocation.

On the morning of the 17th, Pan Gongsheng, Governor of the People's Bank of China, stated at the 2026 Lujiazui Forum that they will establish a foreign central bank repurchase tool (RMB Repo Facility for Foreign and International Monetary Authorities, FIMA RMB Repo). By setting up repurchase tools for foreign central bank-like institutions, including foreign central banks or monetary authorities, international financial organizations, sovereign wealth funds, they can use high-grade bonds such as Chinese government bonds to repurchase Chinese yuan liquidity from the People's Bank of China, facilitating the management of Chinese yuan liquidity and Chinese yuan asset allocation for foreign central bank-like institutions.