PANews reported on February 20 that the People's Bank of China held a 2025 macro-prudential work meeting. The meeting believed that in 2024, the People's Bank of China will accelerate the improvement of the central bank system, improve macro-prudential policies and governance mechanisms, strengthen macro-prudential management in key financial areas, strengthen the ability of systemically important financial institutions to serve the real economy, continue to optimize real estate financial policies, maintain the sound operation of financial markets, improve cross-border RMB business management, and enhance cross-border financial services. By the end of 2024, the RMB ranks fourth in the world as a payment currency and third in trade financing currency, and the internationalization level of the RMB is steadily improving.

The meeting required that macro-prudential work in 2025 should strengthen macroeconomic and financial analysis and judgment, based on the development of the real economy and the people's demand for financial services, explore and expand the central bank's macro-prudential and financial stability functions, improve the macro-prudential policy system, innovate macro-prudential policy tools, promote the sustained recovery of the economy, and maintain the sound operation of the financial market. Improve real estate financial management, help the real estate market to stop falling and stabilize, and support the construction of a new model for real estate development. Promote the cross-border use of RMB, enhance cross-border payment, pricing, investment and financing functions, and further promote trade investment and financing facilitation. Develop the offshore RMB market, give play to the role of currency swaps and RMB clearing banks, accelerate the construction of Shanghai International Financial Center, and consolidate and enhance Hong Kong's status as an international financial center.