Provide stable liquidity for the offshore RMB market and optimize the management of RMB cross-border interbank financing business by the central bank.

On September 12, the People's Bank of China publicly solicited opinions on the "Notice on Relevant Matters of RMB Cross-border Interbank Financing Business of Banking Financial Institutions". The notice includes RMB cross-border interbank financing business in the direction of lending in a unified framework, which will help to stabilize the liquidity expectations of the offshore RMB market. Industry insiders say that the notice highlights the direction of coordinating high-quality development with high-level safety: on one hand, it supports domestic banks in meeting market demand and providing stable liquidity for the offshore RMB market to promote RMB cross-border usage; on the other hand, it guides financial institutions to establish a concept of risk neutrality and ensure the stable and healthy development of the business.