Organizations and individuals outside mainland China hold RMB assets worth $10 trillion in China ($1.45 trillion at the current central bank exchange rate). Pan Gongsheng, governor of the People's Bank of China (PBC, the central bank), said that Chinese authorities intend to attract even more foreign capital to the domestic financial market in the next 5 years.
“By the end of last year, foreign organizations and individuals held more than 10 trillion yuan worth of yuan-denominated financial assets in our country,“ he said, speaking at the China Development Forum, which discussed China's economic prospects for the 15th Five-Year Plan (2026-2030). “We will strengthen financial support for the structural transformation of China's economy. The People's Bank of China will adhere to a monetary policy aimed at supporting businesses, creating favorable conditions for sustainable economic growth, high-quality development and stable functioning of financial markets.“
According to Pan Gunsheng, Beijing intends to “consistently promote a high level of openness of the financial sector“, facilitate market integration, simplify cross-border mechanisms that ensure the interconnection of payment systems, and create more optimal conditions for foreign investors. He specified that China will continue to pursue a moderately loose monetary policy.
“We welcome the presence of foreign investors in China's financial market“, the head of the Central Bank stressed.