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China to widen forex opening in H2
China plans to expand its institutional openness in the foreign exchange sector during the second half of 2026, focusing on strengthening policies to facilitate cross-border currency receipt and payment operations, supporting the development of e-commerce, cross-border trade, and foreign exchange settlement services. It will also work on improving the management of multinationals' financing in both local and foreign currencies, expanding financial market linkage to ensure foreign exchange market stability, and supporting ports like Hainan as commercial hubs. Additionally, efforts will be made to develop free trade zones and to strengthen monitoring of capital flows. The overall goal of these plans is to achieve a high level of openness, maintain financial market stability, and enhance China's position as an international financial center.
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